Chart Industries, Inc. (NYSE:GTLS) Shares Bought by Amalgamated Bank

Amalgamated Bank grew its holdings in shares of Chart Industries, Inc. (NYSE:GTLSGet Rating) by 35.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,156 shares of the industrial products company’s stock after acquiring an additional 6,296 shares during the period. Amalgamated Bank’s holdings in Chart Industries were worth $4,149,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of GTLS. KB Financial Partners LLC acquired a new stake in shares of Chart Industries during the first quarter valued at about $28,000. Krane Funds Advisors LLC bought a new position in shares of Chart Industries during the first quarter worth about $40,000. Huntington National Bank lifted its position in shares of Chart Industries by 103.3% during the first quarter. Huntington National Bank now owns 307 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 156 shares during the last quarter. Capital Advisors Ltd. LLC lifted its position in shares of Chart Industries by 35.1% during the first quarter. Capital Advisors Ltd. LLC now owns 1,047 shares of the industrial products company’s stock worth $180,000 after purchasing an additional 272 shares during the last quarter. Finally, Itau Unibanco Holding S.A. lifted its position in shares of Chart Industries by 48.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,171 shares of the industrial products company’s stock worth $186,000 after purchasing an additional 383 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GTLS. Cowen increased their price target on shares of Chart Industries to $225.00 in a research report on Tuesday, August 9th. Morgan Stanley increased their price target on shares of Chart Industries from $175.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, June 9th. Credit Suisse Group increased their price target on shares of Chart Industries from $203.00 to $224.00 and gave the stock an “outperform” rating in a research report on Monday, August 1st. TheStreet raised shares of Chart Industries from a “c” rating to a “b-” rating in a research report on Friday, August 5th. Finally, Lake Street Capital raised their target price on shares of Chart Industries from $195.00 to $225.00 in a report on Monday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $217.00.

Chart Industries Stock Performance

GTLS opened at $197.82 on Thursday. The business’s 50 day moving average is $197.85 and its 200-day moving average is $177.77. The stock has a market cap of $7.25 billion, a PE ratio of 163.49 and a beta of 1.50. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.41. Chart Industries, Inc. has a twelve month low of $108.29 and a twelve month high of $218.95.

Chart Industries (NYSE:GTLSGet Rating) last released its quarterly earnings results on Friday, July 29th. The industrial products company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. The company had revenue of $404.80 million for the quarter, compared to analysts’ expectations of $391.17 million. Chart Industries had a return on equity of 6.28% and a net margin of 3.42%. On average, analysts predict that Chart Industries, Inc. will post 4.51 earnings per share for the current year.

About Chart Industries

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Chart Industries, Inc manufactures and sells engineered equipment for the energy and industrial gas industries worldwide. The company operates through four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing. It provides bulk and packaged gas cryogenic solutions for the storage, distribution, vaporization, and application of industrial gases; cryogenic trailers, ISO containers, bulk storage tanks, loading facilities, and regasification equipment for delivering liquefied natural gas (LNG) into virtual pipeline applications; and large vacuum insulated storage tanks as equipment for purchasers of standard liquefaction plants.

Further Reading

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Institutional Ownership by Quarter for Chart Industries (NYSE:GTLS)

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