Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Eastern Bank

Eastern Bank lowered its position in Chart Industries, Inc. (NYSE:GTLS) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,572 shares of the industrial products company’s stock after selling 1,209 shares during the period. Eastern Bank owned about 0.13% of Chart Industries worth $10,605,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Michael S. Ryan Inc. purchased a new stake in Chart Industries during the 4th quarter valued at about $219,000. Everence Capital Management Inc. purchased a new stake in shares of Chart Industries in the 4th quarter valued at approximately $260,000. GAMMA Investing LLC grew its stake in shares of Chart Industries by 74.0% in the 4th quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company’s stock valued at $111,000 after buying an additional 247 shares during the period. Principal Financial Group Inc. grew its stake in shares of Chart Industries by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after buying an additional 32,442 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its stake in shares of Chart Industries by 248.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock valued at $2,744,000 after buying an additional 15,862 shares during the period.

Chart Industries Stock Performance

Chart Industries stock traded up $3.75 during midday trading on Monday, hitting $198.86. 270,252 shares of the company’s stock were exchanged, compared to its average volume of 700,616. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $210.66. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The stock has a market cap of $8.51 billion, a price-to-earnings ratio of 57.64, a price-to-earnings-growth ratio of 1.01 and a beta of 1.84. The firm’s 50 day simple moving average is $185.54 and its 200 day simple moving average is $149.42.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the business posted $1.28 earnings per share. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. Equities research analysts predict that Chart Industries, Inc. will post 9.03 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GTLS. Raymond James reissued a “strong-buy” rating and issued a $190.00 price target on shares of Chart Industries in a research note on Monday, December 2nd. The Goldman Sachs Group increased their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Craig Hallum increased their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a research report on Monday, September 16th. Finally, BTIG Research increased their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Three 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $188.75.

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.