First American Trust FSB Sells 20,995 Shares of Chart Industries, Inc. $GTLS

First American Trust FSB cut its position in Chart Industries, Inc. (NYSE:GTLS) by 95.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,102 shares of the industrial products company’s stock after selling 20,995 shares during the period. First American Trust FSB’s holdings in Chart Industries were worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of GTLS. United Community Bank increased its stake in Chart Industries by 364.5% in the 3rd quarter. United Community Bank now owns 144 shares of the industrial products company’s stock worth $29,000 after buying an additional 113 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Chart Industries by 95.9% during the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 71 shares in the last quarter. Allworth Financial LP raised its stake in Chart Industries by 74.5% during the 2nd quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. Bessemer Group Inc. lifted its holdings in Chart Industries by 93.0% in the 2nd quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 93 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its holdings in Chart Industries by 243.3% in the 3rd quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 163 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GTLS. Zacks Research upgraded shares of Chart Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. raised their price objective on Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $204.10.

Chart Industries Stock Performance

Chart Industries stock opened at $207.50 on Wednesday. The company’s 50-day moving average price is $206.83 and its 200-day moving average price is $202.97. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 1.08. The company has a market cap of $9.33 billion, a PE ratio of 253.05, a price-to-earnings-growth ratio of 0.79 and a beta of 1.75. Chart Industries, Inc. has a twelve month low of $104.60 and a twelve month high of $208.24.

Chart Industries Company Profile

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.