First American Trust FSB Lowers Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Key Points

• First American Trust FSB has reduced its stake in Chart Industries by 40.6% to 22,570 shares, valued at approximately $3.26 million, according to its latest SEC filing.
• Chart Industries reported Q2 earnings of $2.59 EPS, missing analyst expectations by $0.03 and generating revenues of $1.08 billion, below the forecast of $1.11 billion.
• The stock has a current consensus rating of "Hold" from analysts, with a target price of $202, influenced by recent downgrades from several research firms.

First American Trust FSB decreased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 40.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,570 shares of the industrial products company's stock after selling 15,454 shares during the period. First American Trust FSB's holdings in Chart Industries were worth $3,258,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Janus Henderson Group PLC boosted its holdings in Chart Industries by 2.2% during the 4th quarter. Janus Henderson Group PLC now owns 1,608,883 shares of the industrial products company's stock worth $307,046,000 after acquiring an additional 35,004 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Chart Industries by 37.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock worth $203,178,000 after acquiring an additional 291,520 shares during the last quarter. King Luther Capital Management Corp boosted its holdings in Chart Industries by 1.4% during the 1st quarter. King Luther Capital Management Corp now owns 979,683 shares of the industrial products company's stock worth $141,427,000 after acquiring an additional 13,484 shares during the last quarter. Northern Trust Corp boosted its holdings in Chart Industries by 23.4% during the 4th quarter. Northern Trust Corp now owns 639,548 shares of the industrial products company's stock worth $122,051,000 after acquiring an additional 121,259 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Chart Industries by 3.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 536,423 shares of the industrial products company's stock valued at $77,438,000 after purchasing an additional 18,338 shares during the last quarter.

Chart Industries Price Performance

Shares of GTLS stock traded down $0.20 on Thursday, reaching $198.59. The company's stock had a trading volume of 2,595,519 shares, compared to its average volume of 1,323,180. The company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 1.04. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The company has a market capitalization of $8.93 billion, a P/E ratio of 36.92, a PEG ratio of 1.15 and a beta of 1.59. The stock's 50 day simple moving average is $169.08 and its 200-day simple moving average is $163.32.

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

Analysts Set New Price Targets

GTLS has been the subject of several recent research reports. TD Cowen downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Seaport Res Ptn cut Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Johnson Rice cut 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. Craig Hallum cut Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 29th. Finally, UBS Group reiterated a "neutral" rating and issued a $210.00 price target (down from $225.00) on shares of Chart Industries in a research report on Wednesday, July 30th. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Chart Industries presently has an average rating of "Hold" and a consensus target price of $202.00.

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.