Bank of New York Mellon Corp Has $44.60 Million Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Bank of New York Mellon Corp lifted its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 2.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 308,963 shares of the industrial products company's stock after purchasing an additional 6,681 shares during the period. Bank of New York Mellon Corp owned approximately 0.69% of Chart Industries worth $44,602,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. First Manhattan CO. LLC. raised its holdings in Chart Industries by 3.1% during the 4th quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company's stock worth $340,000 after buying an additional 54 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Chart Industries by 1.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company's stock valued at $979,000 after acquiring an additional 98 shares during the period. Global X Japan Co. Ltd. raised its holdings in shares of Chart Industries by 142.9% during the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 100 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Chart Industries by 42.9% in the 4th quarter. Quadrant Capital Group LLC now owns 340 shares of the industrial products company's stock valued at $65,000 after acquiring an additional 102 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Chart Industries by 6.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,864 shares of the industrial products company's stock worth $356,000 after purchasing an additional 114 shares during the period.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GTLS shares. The Goldman Sachs Group set a $180.00 target price on Chart Industries and gave the company a "neutral" rating in a report on Wednesday, May 28th. Barclays set a $169.00 price target on shares of Chart Industries and gave the company an "equal weight" rating in a report on Thursday. Morgan Stanley cut their price objective on Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Wells Fargo & Company dropped their price target on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 1st. Finally, TD Cowen cut their price target on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Chart Industries presently has an average rating of "Buy" and a consensus target price of $199.82.

Chart Industries Stock Performance

Shares of NYSE:GTLS traded down $1.65 during midday trading on Monday, hitting $166.20. The company's stock had a trading volume of 431,454 shares, compared to its average volume of 792,771. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.21 and a current ratio of 1.51. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 0.65 and a beta of 1.68. The stock's 50 day simple moving average is $158.21 and its 200 day simple moving average is $165.86.

Chart Industries (NYSE:GTLS - Get Free Report) last released its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.02. Chart Industries had a net margin of 5.93% and a return on equity of 13.93%. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter last year, the company earned $1.49 earnings per share. The firm's revenue was up 38.8% on a year-over-year basis. As a group, research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

About Chart Industries

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.