Keybank National Association OH Acquires 88,185 Shares of Chart Industries, Inc. (NYSE:GTLS)

Keybank National Association OH lifted its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 35.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 334,919 shares of the industrial products company's stock after acquiring an additional 88,185 shares during the period. Keybank National Association OH owned approximately 0.75% of Chart Industries worth $48,349,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Y Intercept Hong Kong Ltd bought a new position in Chart Industries during the fourth quarter worth about $398,000. Oppenheimer Asset Management Inc. raised its position in shares of Chart Industries by 2.3% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 6,683 shares of the industrial products company's stock worth $1,275,000 after purchasing an additional 152 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Chart Industries during the 4th quarter valued at about $4,298,000. Smartleaf Asset Management LLC grew its position in shares of Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 92 shares during the period. Finally, NBW Capital LLC increased its stake in Chart Industries by 8.7% during the 4th quarter. NBW Capital LLC now owns 63,325 shares of the industrial products company's stock worth $12,085,000 after purchasing an additional 5,074 shares in the last quarter.

Chart Industries Stock Up 3.4%

GTLS stock traded up $5.57 during mid-day trading on Wednesday, reaching $168.17. The company had a trading volume of 430,254 shares, compared to its average volume of 777,337. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 0.64 and a beta of 1.68. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.51 and a quick ratio of 1.21. The stock has a 50 day simple moving average of $153.51 and a two-hundred day simple moving average of $167.29.

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

Analyst Ratings Changes

A number of brokerages have weighed in on GTLS. Stifel Nicolaus cut their price target on shares of 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 boosted their price objective on shares of Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Morgan Stanley lowered their target price on Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a report on Friday, May 16th. The Goldman Sachs Group set a $180.00 price target on Chart Industries and gave the company a "neutral" rating in a report on Wednesday, May 28th. Finally, TD Cowen decreased their price objective on Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Two 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's stock. Based on data from MarketBeat.com, Chart Industries presently has a consensus rating of "Buy" and a consensus price target of $200.00.

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.