Wesbanco Bank Inc. Has $2.59 Million Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Wesbanco Bank Inc. lifted its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 15.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,970 shares of the industrial products company's stock after buying an additional 2,370 shares during the period. Wesbanco Bank Inc.'s holdings in Chart Industries were worth $2,594,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Capital Analysts LLC purchased a new position in Chart Industries during the 4th quarter valued at about $25,000. Smartleaf Asset Management LLC lifted its position in shares of Chart Industries by 129.6% during 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 in the last quarter. Fairway Wealth LLC purchased a new position in shares of Chart Industries in the fourth quarter valued at approximately $34,000. Blue Trust Inc. boosted its stake in shares of Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 65 shares during the period. Finally, Spire Wealth Management grew its holdings in shares of Chart Industries by 183.8% in the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 125 shares in the last quarter.

Chart Industries Stock Performance

NYSE:GTLS traded down $2.62 during midday trading on Tuesday, reaching $147.39. The stock had a trading volume of 991,500 shares, compared to its average volume of 742,499. The stock has a market capitalization of $6.74 billion, a P/E ratio of 42.72, a PEG ratio of 0.57 and a beta of 1.71. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The firm's fifty day simple moving average is $144.79 and its 200-day simple moving average is $171.91.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.02. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business's quarterly revenue was up 38.8% on a year-over-year basis. During the same period last year, the business posted $1.49 EPS. On average, equities research analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GTLS shares. Citigroup lifted their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Stifel Nicolaus decreased their price target on Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley dropped their price objective on Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Wells Fargo & Company decreased their target price on Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research note on Tuesday, April 1st. Finally, Barclays upped their price target on Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $200.00.

Insider Activity

In other Chart Industries news, VP Gerald F. Vinci bought 175 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the transaction, the vice president now owns 475 shares in the company, valued at approximately $70,247.75. This trade represents a 58.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.99% of the stock is owned by corporate insiders.

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.