Chart Industries, Inc. (NYSE:GTLS) Shares Acquired by Cambridge Trust Co.

Cambridge Trust Co. increased its position in Chart Industries, Inc. (NYSE:GTLS) by 74.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,462 shares of the industrial products company’s stock after buying an additional 23,600 shares during the period. Cambridge Trust Co. owned about 0.13% of Chart Industries worth $7,561,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GTLS. Federated Hermes Inc. grew its holdings in Chart Industries by 0.4% in the fourth quarter. Federated Hermes Inc. now owns 594,389 shares of the industrial products company’s stock valued at $81,033,000 after purchasing an additional 2,151 shares during the period. Tranquility Partners LLC grew its holdings in Chart Industries by 14.1% in the fourth quarter. Tranquility Partners LLC now owns 3,788 shares of the industrial products company’s stock valued at $516,000 after purchasing an additional 469 shares during the period. Flputnam Investment Management Co. grew its holdings in Chart Industries by 1.8% in the fourth quarter. Flputnam Investment Management Co. now owns 16,797 shares of the industrial products company’s stock valued at $2,290,000 after purchasing an additional 302 shares during the period. Sentry Investment Management LLC purchased a new stake in Chart Industries during the fourth quarter worth approximately $123,000. Finally, Vontobel Holding Ltd. grew its stake in Chart Industries by 10.4% during the fourth quarter. Vontobel Holding Ltd. now owns 139,774 shares of the industrial products company’s stock worth $19,055,000 after buying an additional 13,155 shares during the period.

Chart Industries Price Performance

Chart Industries stock traded up $1.30 during trading hours on Thursday, hitting $148.89. 256,537 shares of the company traded hands, compared to its average volume of 612,699. The firm has a market cap of $6.26 billion, a P/E ratio of 388.74, a P/E/G ratio of 0.41 and a beta of 1.70. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 1.22. The firm’s 50-day simple moving average is $144.96 and its two-hundred day simple moving average is $136.77. Chart Industries, Inc. has a 1-year low of $106.66 and a 1-year high of $184.65.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.12. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. The business’s revenue was up 130.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS. As a group, analysts forecast that Chart Industries, Inc. will post 11.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. TD Cowen increased their target price on shares of Chart Industries from $230.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Morgan Stanley assumed coverage on shares of Chart Industries in a report on Thursday. They set an “equal weight” rating and a $200.00 target price on the stock. Raymond James raised 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 report on Thursday, January 4th. Wells Fargo & Company increased their target price on shares of Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Finally, UBS Group raised shares of Chart Industries from a “neutral” rating to a “buy” rating and increased their target price for the stock from $152.00 to $170.00 in a report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.