Chart Industries, Inc. $GTLS Shares Sold by Eastern Bank

Eastern Bank trimmed its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 22.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,187 shares of the industrial products company’s stock after selling 3,893 shares during the period. Eastern Bank’s holdings in Chart Industries were worth $2,720,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. United Community Bank lifted its holdings in Chart Industries by 364.5% in the third quarter. United Community Bank now owns 144 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 113 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Chart Industries by 95.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 71 shares in the last quarter. Clearstead Advisors LLC lifted its stake in shares of Chart Industries by 243.3% in the third quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 163 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Chart Industries by 44.8% in the second quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 100 shares during the period. Finally, CI Investments Inc. boosted its holdings in Chart Industries by 36.9% during the third quarter. CI Investments Inc. now owns 271 shares of the industrial products company’s stock worth $54,000 after buying an additional 73 shares in the last quarter.

Chart Industries Stock Performance

NYSE GTLS opened at $206.66 on Friday. The business has a fifty day moving average of $207.17 and a 200-day moving average of $204.30. Chart Industries, Inc. has a fifty-two week low of $104.60 and a fifty-two week high of $208.24. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 794.89, a price-to-earnings-growth ratio of 0.81 and a beta of 1.73. The company has a quick ratio of 1.09, a current ratio of 1.36 and a debt-to-equity ratio of 1.06.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.48 by ($0.97). Chart Industries had a return on equity of 13.55% and a net margin of 0.95%.The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the business earned $2.66 earnings per share. Chart Industries’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a report on Monday, December 29th. Zacks Research lowered Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Three investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $204.10.

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.