First American Bank Invests $1.33 Million in Chart Industries, Inc. (NYSE:GTLS)

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

Several other hedge funds and other institutional investors have also bought and sold shares of GTLS. Canton Hathaway LLC purchased a new position in shares of Chart Industries in the 1st quarter worth about $375,000. Advisor Resource Council purchased a new position in shares of Chart Industries in the 1st quarter worth about $844,000. Global X Japan Co. Ltd. boosted its holdings in shares of 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 worth $25,000 after buying an additional 100 shares during the last quarter. Davidson Capital Management Inc. purchased a new position in shares of Chart Industries in the 1st quarter worth about $2,339,000. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Chart Industries by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 4,928 shares of the industrial products company's stock worth $711,000 after buying an additional 130 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GTLS shares. Stifel Nicolaus lowered their price objective on Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Barclays increased their price objective on Chart Industries from $160.00 to $171.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Wells Fargo & Company cut their price objective on Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a report on Tuesday, April 1st. 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. Finally, The Goldman Sachs Group set a $180.00 price objective on Chart Industries and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Chart Industries presently has a consensus rating of "Buy" and a consensus target price of $200.00.

Chart Industries Price Performance

GTLS traded up $4.63 during midday trading on Tuesday, hitting $148.63. The stock had a trading volume of 1,230,934 shares, compared to its average volume of 767,060. The company has a market cap of $6.79 billion, a P/E ratio of 16.22, a price-to-earnings-growth ratio of 0.56 and a beta of 1.71. The business has a fifty day moving average of $149.32 and a 200 day moving average of $168.60. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.21 and a current ratio of 1.51. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03.

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

Chart Industries Company 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.