Wesbanco Bank Inc. Has $2.59 Million Position in Chart Industries, Inc. (NYSE:GTLS)

Wesbanco Bank Inc. lifted its stake in Chart Industries, Inc. (NYSE:GTLS) by 15.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,970 shares of the industrial products company’s stock after purchasing an additional 2,370 shares during the period. Wesbanco Bank Inc.’s holdings in Chart Industries were worth $2,594,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Manhattan CO. LLC. grew its holdings in Chart Industries by 3.1% during the 4th quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company’s stock worth $340,000 after acquiring an additional 54 shares during the period. Assetmark Inc. grew its holdings in Chart Industries by 3.0% during the 4th quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company’s stock worth $417,000 after acquiring an additional 64 shares during the period. Blue Trust Inc. grew its holdings in Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 65 shares during the period. Lindbrook Capital LLC grew its holdings in Chart Industries by 43.4% during the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 69 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in Chart Industries by 129.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 92 shares during the period.

Chart Industries Trading Down 1.8%

GTLS opened at $149.75 on Tuesday. The stock has a market capitalization of $6.84 billion, a P/E ratio of 43.41, a P/E/G ratio of 0.57 and a beta of 1.71. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The firm’s fifty day simple moving average is $144.79 and its 200 day simple moving average is $171.91. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.84 by $0.02. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm’s revenue was up 38.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.49 EPS. As a group, research analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Insider Activity at Chart Industries

In other Chart Industries news, VP Gerald F. Vinci purchased 175 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $147.89 per share, with a total value of $25,880.75. Following the transaction, the vice president now directly owns 475 shares of the company’s stock, valued at $70,247.75. This represents a 58.33% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.99% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on GTLS. The Goldman Sachs Group set a $180.00 target price on shares of Chart Industries and gave the stock a “neutral” rating in a report on Wednesday, May 28th. Wells Fargo & Company lowered their target price on shares of Chart Industries from $214.00 to $208.00 and set an “overweight” rating for the company in a report on Tuesday, April 1st. Citigroup boosted their price target on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Stifel Nicolaus decreased their price target on shares of Chart Industries from $231.00 to $214.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Finally, Barclays boosted their price target on shares of Chart Industries from $160.00 to $171.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Chart Industries has an average rating of “Buy” and a consensus price target of $200.00.

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.