Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Moody National Bank Trust Division

Moody National Bank Trust Division lessened its stake in Chart Industries, Inc. (NYSE:GTLS) by 14.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,490 shares of the industrial products company’s stock after selling 938 shares during the quarter. Moody National Bank Trust Division’s holdings in Chart Industries were worth $1,048,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in Chart Industries in the third quarter valued at about $34,000. UMB Bank n.a. grew its holdings in shares of Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 255 shares during the period. Ecofi Investissements SA purchased a new position in Chart Industries in the 2nd quarter valued at approximately $50,000. GAMMA Investing LLC raised its holdings in Chart Industries by 74.0% during the fourth quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 247 shares during the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new stake in Chart Industries during the second quarter worth $91,000.

Chart Industries Stock Up 2.3 %

GTLS opened at $199.69 on Tuesday. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $210.66. The business has a 50-day moving average of $186.71 and a two-hundred day moving average of $149.82. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The stock has a market capitalization of $8.55 billion, a price-to-earnings ratio of 57.88, a price-to-earnings-growth ratio of 1.01 and a beta of 1.84.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. Chart Industries’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.28 earnings per share. On average, research analysts expect that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Bank of America cut their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Wells Fargo & Company reduced their price target on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Craig Hallum raised their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Barclays reduced their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Finally, Raymond James reissued a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $188.75.

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.