Keybank National Association OH Sells 2,186 Shares of Chart Industries, Inc. (NYSE:GTLS)

Posted by Defense World Staff on Aug 23rd, 2023

Keybank National Association OH trimmed its holdings in shares of Chart Industries, Inc. (NYSE:GTLS – Free Report) by 39.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,404 shares of the industrial products company’s stock after selling 2,186 shares during the period. Keybank National Association OH’s holdings in Chart Industries were worth $427,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KB Financial Partners LLC bought a new position in shares of Chart Industries during the 1st quarter worth approximately $28,000. Manchester Capital Management LLC lifted its holdings in shares of Chart Industries by 2,076.9% in the 1st quarter. Manchester Capital Management LLC now owns 566 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 540 shares in the last quarter. ICA Group Wealth Management LLC bought a new position in shares of Chart Industries in the 4th quarter worth $73,000. Compagnie Lombard Odier SCmA lifted its holdings in shares of Chart Industries by 100.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 700 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 350 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Chart Industries by 46.1% in the 1st quarter. Assetmark Inc. now owns 729 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 230 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GTLS shares. StockNews.com initiated coverage on Chart Industries in a report on Wednesday. They issued a “sell” rating on the stock. Craig Hallum raised their price objective on Chart Industries from $208.00 to $234.00 and gave the company a “buy” rating in a research note on Monday, July 31st. Raymond James raised their price objective on Chart Industries from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, July 31st. 22nd Century Group restated a “maintains” rating on shares of Chart Industries in a research note on Friday, June 30th. Finally, Piper Sandler raised their price objective on Chart Industries from $131.00 to $140.00 and gave the company a “neutral” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $200.86.

View Our Latest Analysis on Chart Industries

Chart Industries Trading Down 0.1 %

Shares of GTLS opened at $164.76 on Wednesday. The business has a 50-day moving average of $161.09 and a 200 day moving average of $133.88. Chart Industries, Inc. has a fifty-two week low of $101.44 and a fifty-two week high of $242.59. The firm has a market cap of $7.04 billion, a P/E ratio of -358.17, a price-to-earnings-growth ratio of 0.58 and a beta of 1.55. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.04 and a current ratio of 1.38.

Chart Industries (NYSE:GTLS – Get Free Report) last announced its quarterly earnings data on Friday, July 28th. The industrial products company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.25. Chart Industries had a positive return on equity of 8.21% and a negative net margin of 0.28%. The company had revenue of $908.10 million during the quarter, compared to analyst estimates of $971.28 million. During the same quarter last year, the firm posted $0.88 EPS. The firm’s revenue for the quarter was up 124.3% on a year-over-year basis. As a group, research analysts forecast that Chart Industries, Inc. will post 6.28 EPS for the current year.

Chart Industries Profile

(Free Report)

Chart Industries, Inc manufactures and sells engineered cryogenic equipment for the industrial gas and clean energy markets in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.