Eastern Bank boosted its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 58.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,147 shares of the industrial products company's stock after acquiring an additional 32,575 shares during the period. Eastern Bank owned approximately 0.20% of Chart Industries worth $12,725,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. LPL Financial LLC raised its position in shares of Chart Industries by 47.3% during the fourth quarter. LPL Financial LLC now owns 21,143 shares of the industrial products company's stock worth $4,035,000 after acquiring an additional 6,785 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in Chart Industries during the fourth quarter worth about $316,000. Norges Bank bought a new position in Chart Industries during the 4th quarter worth approximately $88,609,000. Pictet Asset Management Holding SA raised its holdings in Chart Industries by 17.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,260 shares of the industrial products company's stock worth $1,195,000 after purchasing an additional 918 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of Chart Industries by 16.8% in the 4th quarter. Schroder Investment Management Group now owns 59,215 shares of the industrial products company's stock valued at $11,286,000 after buying an additional 8,507 shares in the last quarter.
Wall Street Analyst Weigh In
GTLS has been the subject of several research reports. Barclays lowered their price objective on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. Raymond James Financial reissued a "market perform" rating on shares of Chart Industries in a research report on Wednesday. Stifel Nicolaus reduced their price objective on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Cowen cut Chart Industries from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, Craig Hallum cut Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $202.00.
Read Our Latest Report on GTLS
Chart Industries Price Performance
Shares of GTLS stock traded down $0.08 on Friday, hitting $198.75. 12,015,201 shares of the company's stock were exchanged, compared to its average volume of 2,491,437. The stock has a market cap of $8.93 billion, a P/E ratio of 36.94, a price-to-earnings-growth ratio of 0.78 and a beta of 1.68. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55 and a quick ratio of 1.21. The company has a 50 day moving average of $162.50 and a 200 day moving average of $164.25. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03.
Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.59 EPS for the quarter, missing analysts' consensus estimates of $2.62 by ($0.03). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a return on equity of 13.71% and a net margin of 6.29%. On average, equities research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.
Chart Industries Profile
(
Free Report)
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.
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