FineMark National Bank & Trust Boosts Position in Chart Industries, Inc. (NYSE:GTLS)

FineMark National Bank & Trust boosted its position in Chart Industries, Inc. (NYSE:GTLS) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,764 shares of the industrial products company’s stock after purchasing an additional 1,687 shares during the period. FineMark National Bank & Trust owned about 0.12% of Chart Industries worth $9,688,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Chart Industries by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,297,398 shares of the industrial products company’s stock valued at $820,115,000 after buying an additional 59,889 shares during the period. Geode Capital Management LLC lifted its position in Chart Industries by 2.0% during the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock valued at $123,318,000 after purchasing an additional 19,534 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Chart Industries by 4.2% during the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after purchasing an additional 32,442 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Chart Industries by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock worth $73,551,000 after buying an additional 13,181 shares during the period. Finally, Wellington Management Group LLP increased its stake in Chart Industries by 90.9% in the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock worth $68,461,000 after buying an additional 262,592 shares in the last quarter.

Chart Industries Stock Up 5.1 %

Shares of NYSE GTLS opened at $163.10 on Tuesday. The company has a market cap of $7.45 billion, a P/E ratio of 47.27, a PEG ratio of 0.57 and a beta of 1.87. The firm has a 50-day simple moving average of $186.11 and a two-hundred day simple moving average of $167.48. 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.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the firm earned $2.25 EPS. Chart Industries’s revenue was up 9.0% compared to the same quarter last year. Research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GTLS. Barclays increased their target price on Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. TD Cowen lifted their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. The Goldman Sachs Group upped their target price 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. Stifel Nicolaus boosted their price target on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Finally, Wells Fargo & Company cut their price objective on Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $196.08.

Insiders Place Their Bets

In other Chart Industries news, CEO Jillian C. Evanko purchased 350 shares of Chart Industries stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the acquisition, the chief executive officer now owns 137,666 shares in the company, valued at $20,698,083.10. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linda S. Harty acquired 500 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were acquired at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the purchase, the director now owns 11,684 shares of the company’s stock, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 1,109 shares of company stock worth $160,845 in the last three months. Corporate insiders own 0.95% of the company’s stock.

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.