Chart Industries, Inc. $GTLS Shares Bought by M&T Bank Corp

Key Points

• M&T Bank Corp raised its stake in Chart Industries by 2,212.5% in Q4, adding 50,623 shares to hold 52,911 shares worth about $10.91 million (roughly 0.12% of the company).
• Chart Industries missed Q4 estimates, reporting EPS of $2.51 versus $3.48 expected and revenue of $1.08 billion versus $1.23 billion, resulting in a slim net margin (~0.95%) despite a 13.55% ROE.
• Analysts' consensus is a Hold (13 holds, 1 buy, 1 sell) with a $202.38 price target; the stock trades near its one‑year high (~$208) with a market cap of about $9.95 billion and an unusually high trailing P/E (~799).

M&T Bank Corp raised its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 2,212.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,911 shares of the industrial products company's stock after acquiring an additional 50,623 shares during the quarter. M&T Bank Corp owned 0.12% of Chart Industries worth $10,912,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Angelo Gordon & CO. L.P. acquired a new stake in Chart Industries in the 3rd quarter valued at about $2,602,000. PACK Private Wealth LLC acquired a new stake in Chart Industries in the 3rd quarter valued at about $2,342,000. Magnetar Financial LLC lifted its holdings in Chart Industries by 23.3% in the 3rd quarter. Magnetar Financial LLC now owns 382,078 shares of the industrial products company's stock valued at $76,473,000 after acquiring an additional 72,078 shares during the last quarter. Centiva Capital LP acquired a new stake in Chart Industries in the 3rd quarter valued at about $12,009,000. Finally, New York Life Investment Management LLC lifted its stake in Chart Industries by 881.1% during the third quarter. New York Life Investment Management LLC now owns 46,858 shares of the industrial products company's stock valued at $9,379,000 after buying an additional 42,082 shares in the last quarter.

Analyst Upgrades and Downgrades

GTLS has been the subject of a number of analyst reports. Zacks Research lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 13th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Chart Industries in a research note on Friday, March 27th. Finally, Wall Street Zen raised shares of Chart Industries to a "hold" rating in a research note on Saturday, April 4th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Chart Industries has an average rating of "Hold" and a consensus price target of $202.38.

Chart Industries Price Performance

GTLS stock opened at $207.87 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.09 and a debt-to-equity ratio of 1.06. Chart Industries, Inc. has a one year low of $127.40 and a one year high of $208.51. The firm has a market capitalization of $9.95 billion, a PE ratio of 799.51, a P/E/G ratio of 0.96 and a beta of 1.70. The firm has a 50-day moving average of $207.30 and a two-hundred day moving average of $205.34.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings data on Friday, February 27th. The industrial products company reported $2.51 EPS for the quarter, missing analysts' consensus estimates of $3.48 by ($0.97). Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The firm had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the prior year, the company posted $2.66 earnings per share. Chart Industries's quarterly revenue was down 2.5% compared to the same quarter last year. On average, analysts forecast that Chart Industries, Inc. will post 11.31 earnings per share for the current year.

Chart Industries 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.

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