56,781 Shares in Chart Industries, Inc. (NYSE:GTLS) Bought by Eastern Bank

Eastern Bank acquired a new position in shares of Chart Industries, Inc. (NYSE:GTLS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 56,781 shares of the industrial products company’s stock, valued at approximately $7,049,000. Eastern Bank owned about 0.13% of Chart Industries as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. EFG Asset Management North America Corp. increased its holdings in Chart Industries by 0.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company’s stock worth $1,916,000 after purchasing an additional 63 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Chart Industries by 3.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 64 shares in the last quarter. Banque Cantonale Vaudoise increased its holdings in Chart Industries by 5.1% in the 1st quarter. Banque Cantonale Vaudoise now owns 1,757 shares of the industrial products company’s stock worth $290,000 after purchasing an additional 85 shares in the last quarter. Arizona State Retirement System increased its holdings in Chart Industries by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 11,836 shares of the industrial products company’s stock worth $1,708,000 after purchasing an additional 87 shares in the last quarter. Finally, Aristeia Capital L.L.C. increased its holdings in Chart Industries by 3.7% in the 2nd quarter. Aristeia Capital L.L.C. now owns 2,611 shares of the industrial products company’s stock worth $377,000 after purchasing an additional 92 shares in the last quarter.

Chart Industries Stock Down 1.2 %

NYSE:GTLS traded down $1.46 on Tuesday, hitting $124.26. The stock had a trading volume of 307,513 shares, compared to its average volume of 609,843. The business’s fifty day moving average is $120.33 and its 200 day moving average is $138.88. The company has a market cap of $5.32 billion, a PE ratio of 125.11, a P/E/G ratio of 0.40 and a beta of 1.70. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $171.68.

Chart Industries (NYSE:GTLS) last announced its quarterly 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). The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The firm’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.19 EPS. On average, equities research analysts expect that Chart Industries, Inc. will post 10.42 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jillian C. Evanko bought 440 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were bought at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the acquisition, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Jillian C. Evanko bought 440 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were bought at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the acquisition, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul E. Mahoney bought 500 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the acquisition, the director now directly owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 7,152 shares of company stock worth $482,278. Corporate insiders own 0.95% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on GTLS shares. Craig Hallum lowered their target price on Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a report on Monday, August 5th. Stifel Nicolaus decreased their price target on Chart Industries from $199.00 to $198.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Evercore ISI raised Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Wells Fargo & Company decreased their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Finally, Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target for the company in a research note on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Chart Industries has a consensus rating of “Moderate Buy” and an average target price of $178.00.

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.