First American Trust FSB Sells 947 Shares of Chart Industries, Inc. (NYSE:GTLS)

First American Trust FSB trimmed its position in Chart Industries, Inc. (NYSE:GTLS) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,458 shares of the industrial products company’s stock after selling 947 shares during the period. First American Trust FSB’s holdings in Chart Industries were worth $2,653,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Flputnam Investment Management Co. lifted its holdings in shares of Chart Industries by 1.8% during the 4th quarter. Flputnam Investment Management Co. now owns 16,797 shares of the industrial products company’s stock worth $2,290,000 after acquiring an additional 302 shares during the last quarter. Sentry Investment Management LLC bought a new stake in shares of Chart Industries during the 4th quarter worth $123,000. Vontobel Holding Ltd. lifted its holdings in shares of Chart Industries by 10.4% during the 4th quarter. Vontobel Holding Ltd. now owns 139,774 shares of the industrial products company’s stock worth $19,055,000 after acquiring an additional 13,155 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Chart Industries during the 4th quarter worth $1,609,000. Finally, Cerity Partners LLC raised its position in Chart Industries by 794.7% in the 4th quarter. Cerity Partners LLC now owns 14,995 shares of the industrial products company’s stock worth $2,044,000 after purchasing an additional 13,319 shares during the period.

Chart Industries Trading Down 2.7 %

Shares of GTLS stock traded down $4.21 during mid-day trading on Monday, reaching $150.10. The stock had a trading volume of 518,162 shares, compared to its average volume of 621,690. Chart Industries, Inc. has a 52-week low of $106.66 and a 52-week high of $184.65. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 1.22. The stock’s 50-day moving average price is $143.74 and its two-hundred day moving average price is $136.84. The firm has a market capitalization of $6.31 billion, a PE ratio of 395.00, a price-to-earnings-growth ratio of 0.43 and a beta of 1.70.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share (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 company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company earned $1.67 earnings per share. Chart Industries’s quarterly revenue was up 130.0% on a year-over-year basis. Equities analysts expect that Chart Industries, Inc. will post 11.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on GTLS. TD Cowen lifted their target price on shares of Chart Industries from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. 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. UBS Group upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $152.00 to $170.00 in a research report on Tuesday, March 19th. Finally, Wells Fargo & Company lifted 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chart Industries currently has an average rating of “Moderate Buy” and an average price target of $194.42.

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.