Moody National Bank Trust Division Boosts Position in Chart Industries, Inc. (NYSE:GTLS)

Moody National Bank Trust Division grew its position in Chart Industries, Inc. (NYSE:GTLS) by 4.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor 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.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in Chart Industries in the 1st quarter worth $30,000. Spire Wealth Management increased its stake in Chart Industries by 141.0% in the first quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 117 shares during the last quarter. Cape Investment Advisory Inc. purchased a new position in Chart Industries in the fourth quarter valued at approximately $33,000. Rise Advisors LLC lifted its holdings in shares of Chart Industries by 905.0% during the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 181 shares during the period. Finally, Covestor Ltd raised its position in Chart Industries by 509.8% in the first quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 311 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently commented on GTLS shares. TD Cowen lifted their price objective on Chart Industries from $260.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. The Goldman Sachs Group boosted their price target on Chart Industries from $150.00 to $168.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Morgan Stanley began coverage on Chart Industries in a report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 price objective on the stock. Craig Hallum dropped their price objective on Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a report on Monday. Finally, Barclays started coverage on Chart Industries in a report on Wednesday, May 8th. They issued an “equal weight” rating and a $193.00 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $194.46.

Chart Industries Trading Down 8.0 %

Shares of GTLS 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 stock has a market cap of $4.96 billion, a PE ratio of 115.92, a P/E/G ratio of 0.44 and a beta of 1.74. Chart Industries, Inc. has a one year low of $109.48 and a one year high of $184.65. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.25 and a quick ratio of 0.95. The stock has a 50 day moving average price of $149.13 and a 200 day moving average price of $145.55.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 earnings per share 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 prior year, the company earned $1.19 earnings per share. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. Equities research analysts forecast that Chart Industries, Inc. will post 11.56 EPS for the current fiscal year.

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.