First American Trust FSB Has $7.26 Million Holdings in Chart Industries, Inc. (NYSE:GTLS)

First American Trust FSB increased its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,024 shares of the industrial products company’s stock after purchasing an additional 718 shares during the period. First American Trust FSB’s holdings in Chart Industries were worth $7,256,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GTLS. Wellington Management Group LLP boosted its position in shares of Chart Industries by 90.9% during the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after acquiring an additional 262,592 shares in the last quarter. Keybank National Association OH lifted its stake in Chart Industries by 10,372.6% during the fourth quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company’s stock worth $47,087,000 after purchasing an additional 244,378 shares during the period. Van Berkom & Associates Inc. acquired a new stake in Chart Industries during the fourth quarter valued at approximately $35,543,000. Braun Stacey Associates Inc. bought a new stake in shares of Chart Industries in the 4th quarter valued at approximately $16,631,000. Finally, WCM Investment Management LLC acquired a new position in shares of Chart Industries in the 4th quarter worth approximately $16,239,000.

Insider Buying and Selling

In other Chart Industries news, VP Gerald F. Vinci acquired 175 shares of Chart Industries 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 completion of the purchase, the vice president now owns 475 shares in the company, valued at $70,247.75. The trade was a 58.33 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jillian C. Evanko bought 350 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were acquired at an average price of $150.35 per share, with a total value of $52,622.50. Following the transaction, the chief executive officer now directly owns 137,666 shares in the company, valued at approximately $20,698,083.10. The trade was a 0.25 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 1,109 shares of company stock worth $160,845 over the last three months. 0.95% of the stock is currently owned by company insiders.

Chart Industries Price Performance

GTLS opened at $163.10 on Tuesday. 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 company’s 50 day simple moving average is $186.11 and its 200-day simple moving average is $167.48. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. The stock has a market capitalization of $7.45 billion, a P/E ratio of 47.27, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.25 earnings per share. Sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on GTLS. Stifel Nicolaus raised their target price on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Wells Fargo & Company cut their price objective on Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Citigroup upped their target price on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. BTIG Research lifted their price target on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, TD Cowen upped their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.08.

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.