Cambridge Trust Co. Boosts Stake in Chart Industries, Inc. (NYSE:GTLS)

Cambridge Trust Co. grew its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 74.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,462 shares of the industrial products company's stock after acquiring an additional 23,600 shares during the quarter. Cambridge Trust Co. owned 0.13% of Chart Industries worth $7,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Eagle Asset Management Inc. increased its position in shares of Chart Industries by 238.2% during the 4th quarter. Eagle Asset Management Inc. now owns 952,804 shares of the industrial products company's stock valued at $109,505,000 after purchasing an additional 671,103 shares during the last quarter. Capital World Investors increased its position in shares of Chart Industries by 16.1% during the 1st quarter. Capital World Investors now owns 4,402,819 shares of the industrial products company's stock valued at $756,272,000 after purchasing an additional 609,148 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Chart Industries by 63.1% during the 1st quarter. Wellington Management Group LLP now owns 1,339,412 shares of the industrial products company's stock valued at $230,071,000 after purchasing an additional 517,951 shares during the last quarter. Norges Bank bought a new position in shares of Chart Industries during the 4th quarter valued at approximately $48,444,000. Finally, Millennium Management LLC increased its position in shares of Chart Industries by 576.4% during the 4th quarter. Millennium Management LLC now owns 404,454 shares of the industrial products company's stock valued at $46,605,000 after purchasing an additional 344,662 shares during the last quarter.

Analyst Ratings Changes

GTLS has been the subject of a number of recent analyst reports. Raymond James upgraded Chart Industries from an "outperform" rating to a "strong-buy" rating and set a $190.00 price objective for the company in a report on Thursday, January 4th. Wells Fargo & Company boosted their price objective on Chart Industries from $155.00 to $172.00 and gave the company an "overweight" rating in a report on Friday, March 1st. UBS Group upgraded Chart Industries from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $152.00 to $170.00 in a report on Tuesday, March 19th. TD Cowen boosted their price objective on Chart Industries from $230.00 to $260.00 and gave the company an "outperform" rating in a report on Thursday, February 29th. Finally, Morgan Stanley initiated coverage on Chart Industries in a report on Thursday. They set an "equal weight" rating and a $200.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $194.85.

Chart Industries Stock Up 0.7 %

Shares of GTLS stock traded up $0.98 during mid-day trading on Thursday, hitting $148.57. The stock had a trading volume of 446,329 shares, compared to its average volume of 615,523. The firm has a market capitalization of $6.25 billion, a P/E ratio of 390.97, a price-to-earnings-growth ratio of 0.41 and a beta of 1.70. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.19 and a quick ratio of 0.88. Chart Industries, Inc. has a 12-month low of $106.66 and a 12-month high of $184.65. The firm's 50-day moving average is $145.55 and its two-hundred day moving average is $136.85.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.13 by $0.12. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.09 billion. Chart Industries had a return on equity of 9.27% and a net margin of 1.00%. The business's revenue for the quarter was up 130.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 EPS. On average, analysts predict that Chart Industries, Inc. will post 11.79 earnings per share for the current fiscal year.

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.