Wesbanco Bank Inc. Raises Stake in Chart Industries, Inc. (NYSE:GTLS)

Wesbanco Bank Inc. boosted its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 15.2% during the 1st quarter, according to 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 acquiring an additional 2,370 shares during the quarter. Wesbanco Bank Inc.'s holdings in Chart Industries were worth $2,594,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Analysts LLC acquired a new stake in Chart Industries during the fourth quarter worth about $25,000. Smartleaf Asset Management LLC raised its holdings in Chart Industries by 129.6% during the 4th 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. Fairway Wealth LLC bought a new position in Chart Industries during the 4th quarter worth approximately $34,000. Blue Trust Inc. raised its holdings in Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after purchasing an additional 65 shares during the last quarter. Finally, Spire Wealth Management raised its holdings in Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock worth $37,000 after purchasing an additional 125 shares during the last quarter.

Chart Industries Stock Down 2.8%

NYSE GTLS traded down $4.13 during mid-day trading on Friday, hitting $143.87. The company's stock had a trading volume of 833,739 shares, compared to its average volume of 752,678. The company's 50 day simple moving average is $147.04 and its 200 day simple moving average is $170.96. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 41.70, a PEG ratio of 0.57 and a beta of 1.71.

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, beating the consensus estimate of $1.84 by $0.02. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm posted $1.49 EPS. Chart Industries's revenue was up 38.8% compared to the same quarter last year. Analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on GTLS shares. Citigroup raised their price target on shares of Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. The Goldman Sachs Group set a $180.00 price objective on shares of Chart Industries and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Morgan Stanley lowered their price objective on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Wells Fargo & Company lowered their price objective on shares of 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, Stifel Nicolaus lowered their price objective on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $200.00.

Chart Industries 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.