Zurcher Kantonalbank Zurich Cantonalbank Sells 49,398 Shares of Chart Industries, Inc. (NYSE:GTLS)

Zurcher Kantonalbank Zurich Cantonalbank lowered its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 67.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,604 shares of the industrial products company's stock after selling 49,398 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Chart Industries worth $3,218,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GTLS. Federated Hermes Inc. grew its stake in Chart Industries by 83.9% during the third quarter. Federated Hermes Inc. now owns 592,238 shares of the industrial products company's stock worth $100,159,000 after buying an additional 270,133 shares during the last quarter. Gates Capital Management Inc. grew its stake in Chart Industries by 39.3% during the third quarter. Gates Capital Management Inc. now owns 449,926 shares of the industrial products company's stock worth $76,091,000 after buying an additional 127,000 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in Chart Industries during the third quarter worth about $19,340,000. Nordea Investment Management AB grew its stake in Chart Industries by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company's stock worth $268,088,000 after buying an additional 101,404 shares during the last quarter. Finally, Scout Investments Inc. grew its stake in Chart Industries by 19.1% during the third quarter. Scout Investments Inc. now owns 555,921 shares of the industrial products company's stock worth $92,655,000 after buying an additional 89,141 shares during the last quarter.

Chart Industries Trading Up 2.6 %

NYSE:GTLS traded up $3.83 during trading hours on Tuesday, hitting $153.42. The stock had a trading volume of 331,726 shares, compared to its average volume of 604,611. Chart Industries, Inc. has a one year low of $106.66 and a one year high of $184.65. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.88 and a current ratio of 1.19. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 403.74, a P/E/G ratio of 0.41 and a beta of 1.70. The business's 50 day moving average is $147.16 and its 200-day moving average is $136.45.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its earnings results on Wednesday, February 28th. The industrial products company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.13 by $0.12. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm earned $1.67 earnings per share. The business's quarterly revenue was up 130.0% on a year-over-year basis. Sell-side analysts anticipate that Chart Industries, Inc. will post 11.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GTLS. TD Cowen upped their price objective on shares of Chart Industries from $230.00 to $260.00 and gave the stock an "outperform" rating in a research note on Thursday, February 29th. Morgan Stanley began coverage on shares of Chart Industries in a research report on Thursday, April 18th. They set an "equal weight" rating and a $200.00 target price on the stock. Wells Fargo & Company upped their target price on shares of Chart Industries from $155.00 to $172.00 and gave the stock an "overweight" rating in a research report on Friday, March 1st. UBS Group upgraded shares of Chart Industries from a "neutral" rating to a "buy" rating and upped their target price for the stock from $152.00 to $170.00 in a research report on Tuesday, March 19th. Finally, Raymond James upgraded shares of Chart Industries from an "outperform" rating to a "strong-buy" rating and set a $190.00 target price on the stock in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Chart Industries presently has an average rating of "Moderate Buy" and a consensus target price of $194.85.

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.