First Financial Bankshares Inc Sells 14,431 Shares of Chart Industries, Inc. $GTLS

Key Points

• First Financial Bankshares Inc reduced its holdings in Chart Industries by 43.5%, now owning 18,750 shares worth approximately $2.7 million after selling 14,431 shares.
• Multiple institutional investors have recently increased their stakes in Chart Industries, with Gates Capital Management raising its position by 61.5% and GAMMA Investing increasing holdings by over 31,000%.
• Chart Industries reported earnings of $2.59 per share, missing estimates by $0.03, with a revenue of $1.08 billion compared to a $1.11 billion expectation.

First Financial Bankshares Inc lowered its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 43.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,750 shares of the industrial products company's stock after selling 14,431 shares during the period. First Financial Bankshares Inc's holdings in Chart Industries were worth $2,707,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Global X Japan Co. Ltd. boosted its holdings in Chart Industries by 142.9% in the 1st quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 100 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Chart Industries in the 1st quarter valued at approximately $25,000. Brooklyn Investment Group raised its position in shares of Chart Industries by 19,900.0% in the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock valued at $29,000 after buying an additional 199 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Chart Industries in the 1st quarter valued at approximately $30,000. Finally, Hughes Financial Services LLC acquired a new position in shares of Chart Industries in the 1st quarter valued at approximately $44,000.

Wall Street Analysts Forecast Growth

GTLS has been the topic of several research reports. The Goldman Sachs Group set a $180.00 price target on shares of Chart Industries and gave the company a "neutral" rating in a report on Wednesday, May 28th. Lake Street Capital lowered Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price target for the company. in a research report on Wednesday, July 30th. Cowen downgraded Chart Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Barclays cut their target price on Chart Industries from $171.00 to $169.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. Finally, Seaport Res Ptn cut Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $202.00.

Chart Industries Stock Down 0.0%

Shares of NYSE:GTLS traded down $0.05 during trading on Friday, reaching $199.31. 1,931,734 shares of the stock traded hands, compared to its average volume of 1,367,623. The stock has a market cap of $8.96 billion, a P/E ratio of 37.05, a price-to-earnings-growth ratio of 1.15 and a beta of 1.67. The stock has a 50-day moving average of $185.37 and a two-hundred day moving average of $162.87. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.27 and a current ratio of 1.55.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share for the quarter, missing analysts' consensus estimates of $2.62 by ($0.03). The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. As a group, sell-side analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Chart Industries Profile

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.