Truist Financial Corp Has $780,000 Holdings in Chart Industries, Inc. (NYSE:GTLS)

Truist Financial Corp decreased its position in shares of Chart Industries, Inc. (NYSE:GTLSGet Rating) by 7.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,228 shares of the industrial products company’s stock after selling 329 shares during the period. Truist Financial Corp’s holdings in Chart Industries were worth $780,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GTLS. Brown Brothers Harriman & Co. increased its holdings in shares of Chart Industries by 212.0% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 156 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 106 shares during the period. KB Financial Partners LLC bought a new position in shares of Chart Industries during the 1st quarter worth about $28,000. Ellevest Inc. increased its holdings in shares of Chart Industries by 150.6% during the 2nd quarter. Ellevest Inc. now owns 198 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 119 shares during the period. Assetmark Inc. increased its holdings in shares of Chart Industries by 140.9% during the 2nd quarter. Assetmark Inc. now owns 224 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 131 shares during the period. Finally, SeaCrest Wealth Management LLC bought a new position in shares of Chart Industries during the 2nd quarter worth about $57,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wells Fargo & Company downgraded shares of Chart Industries from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $248.00 to $148.00 in a report on Monday, November 14th. They noted that the move was a valuation call. Raymond James raised shares of Chart Industries from a “market perform” rating to a “strong-buy” rating and set a $160.00 target price on the stock in a research note on Wednesday, January 4th. Credit Suisse Group upped their target price on shares of Chart Industries from $224.00 to $240.00 and gave the company an “outperform” rating in a research note on Monday, October 31st. StockNews.com began coverage on shares of Chart Industries in a research note on Wednesday, October 12th. They issued a “sell” rating on the stock. Finally, Piper Sandler cut shares of Chart Industries from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $228.00 to $133.00 in a research note on Friday, November 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Chart Industries currently has an average rating of “Moderate Buy” and an average price target of $196.80.

Chart Industries Price Performance

Shares of GTLS stock opened at $127.23 on Friday. Chart Industries, Inc. has a 1 year low of $107.68 and a 1 year high of $242.59. The firm’s 50 day moving average is $124.39 and its 200-day moving average is $172.33. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 69.52 and a beta of 1.39. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.36.

Chart Industries (NYSE:GTLSGet Rating) last announced its earnings results on Friday, October 28th. The industrial products company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.11. Chart Industries had a net margin of 4.94% and a return on equity of 7.13%. The company had revenue of $412.10 million for the quarter, compared to analyst estimates of $449.33 million. Sell-side analysts forecast that Chart Industries, Inc. will post 4.26 EPS for the current fiscal 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.

See Also

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

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