First American Bank Purchases Shares of 9,232 Chart Industries, Inc. (NYSE:GTLS)

First American Bank purchased a new stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,232 shares of the industrial products company's stock, valued at approximately $1,333,000.

A number of other institutional investors and hedge funds have also bought and sold shares of GTLS. Capital Analysts LLC bought a new position in shares of Chart Industries in the fourth quarter worth approximately $25,000. Opal Wealth Advisors LLC bought a new position in shares of Chart Industries in the first quarter worth approximately $25,000. Global X Japan Co. Ltd. grew its holdings in shares of Chart Industries by 142.9% in the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock worth $25,000 after purchasing an additional 100 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Chart Industries by 129.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock worth $31,000 after purchasing an additional 92 shares during the last quarter. Finally, Fairway Wealth LLC bought a new position in shares of Chart Industries in the fourth quarter worth approximately $34,000.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GTLS shares. TD Cowen cut their target price 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. Wells Fargo & Company cut their target price on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a report on Tuesday, April 1st. The Goldman Sachs Group set a $180.00 target price on shares of Chart Industries and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Barclays raised their target price on shares of Chart Industries from $160.00 to $171.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Finally, Morgan Stanley cut their price target on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $200.00.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $142.60 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.21 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $6.52 billion, a P/E ratio of 28.81, a P/E/G ratio of 0.55 and a beta of 1.71. The business has a fifty day simple moving average of $148.97 and a two-hundred day simple moving average of $169.23. 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 announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.84 by $0.02. The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $1.02 billion. Chart Industries had a net margin of 5.93% and a return on equity of 13.93%. Chart Industries's revenue was up 38.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.49 EPS. On average, equities analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal 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.

Want to see what other hedge funds are holding GTLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chart Industries, Inc. (NYSE:GTLS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.