Eastern Bank Increases Stock Position in Chart Industries, Inc. $GTLS

Eastern Bank boosted its stake in Chart Industries, Inc. (NYSE:GTLS) by 5.1% during the second quarter, HoldingsChannel reports. The firm owned 92,634 shares of the industrial products company’s stock after buying an additional 4,487 shares during the period. Eastern Bank’s holdings in Chart Industries were worth $15,252,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Global X Japan Co. Ltd. raised its stake in Chart Industries by 142.9% in the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in Chart Industries in the first quarter valued at approximately $25,000. Brooklyn Investment Group raised its stake in Chart Industries by 19,900.0% in the first quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 199 shares in the last quarter. SVB Wealth LLC purchased a new stake in Chart Industries in the first quarter valued at approximately $30,000. Finally, Toth Financial Advisory Corp purchased a new stake in Chart Industries in the second quarter valued at approximately $33,000.

Chart Industries Stock Down 0.2%

Shares of Chart Industries stock opened at $199.82 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.27 and a current ratio of 1.55. Chart Industries, Inc. has a 52-week low of $104.60 and a 52-week high of $220.03. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 37.14, a P/E/G ratio of 1.16 and a beta of 1.71. The company’s 50 day moving average price is $199.24 and its 200-day moving average price is $169.08.

Chart Industries (NYSE:GTLS) last issued its earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.03). Chart Industries had a return on equity of 13.71% and a net margin of 6.29%.The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion. Equities research analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GTLS. TD Cowen downgraded shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Lake Street Capital downgraded shares of Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 price target on the stock. in a research note on Wednesday, July 30th. Craig Hallum downgraded shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Chart Industries in a research note on Wednesday. Finally, Hsbc Global Res raised shares of Chart Industries to a “hold” rating in a research note on Wednesday, July 30th. Four equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $202.00.

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.