Chart Industries, Inc. (NYSE:GTLS) Shares Bought by Moody National Bank Trust Division

Moody National Bank Trust Division lifted its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 4.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,810 shares of the industrial products company’s stock after buying an additional 192 shares during the period. Moody National Bank Trust Division’s holdings in Chart Industries were worth $694,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise grew its stake in Chart Industries by 5.1% during the 1st quarter. Banque Cantonale Vaudoise now owns 1,757 shares of the industrial products company’s stock valued at $290,000 after acquiring an additional 85 shares in the last quarter. Johnson Investment Counsel Inc. grew its stake in Chart Industries by 4.7% during the 4th quarter. Johnson Investment Counsel Inc. now owns 2,208 shares of the industrial products company’s stock valued at $301,000 after acquiring an additional 99 shares in the last quarter. State of Michigan Retirement System grew its stake in Chart Industries by 1.0% during the 4th quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company’s stock valued at $1,377,000 after acquiring an additional 100 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of Chart Industries by 0.3% during the first quarter. New York State Teachers Retirement System now owns 38,958 shares of the industrial products company’s stock valued at $6,417,000 after acquiring an additional 100 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Chart Industries by 0.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 11,487 shares of the industrial products company’s stock worth $1,566,000 after buying an additional 104 shares during the period.

Chart Industries Stock Performance

Shares of Chart Industries stock traded down $10.09 on Monday, reaching $115.92. 1,732,675 shares of the stock were exchanged, compared to its average volume of 572,063. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 115.92, a PEG ratio of 0.44 and a beta of 1.74. The business has a 50 day moving average price of $149.13 and a two-hundred day moving average price of $145.55. Chart Industries, Inc. has a twelve month low of $109.48 and a twelve month high of $184.65.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.57 by ($0.39). Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company posted $1.19 EPS. Chart Industries’s revenue was up 14.5% on a year-over-year basis. Analysts anticipate that Chart Industries, Inc. will post 11.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GTLS has been the topic of a number of recent research reports. Morgan Stanley started 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. TD Cowen lifted their price target on shares of Chart Industries from $260.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Craig Hallum dropped their price target on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a research note on Monday. Piper Sandler boosted their target price on shares of Chart Industries from $151.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, May 6th. Finally, Bank of America boosted their target price on shares of Chart Industries from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $194.46.

Chart Industries Company 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.