Cambridge Trust Co. Purchases 23,600 Shares of Chart Industries, Inc. (NYSE:GTLS)

Cambridge Trust Co. grew its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 74.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 55,462 shares of the industrial products company’s stock after purchasing an additional 23,600 shares during the period. Cambridge Trust Co.’s holdings in Chart Industries were worth $7,561,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mackenzie Financial Corp boosted its position in shares of Chart Industries by 3.5% during the 1st quarter. Mackenzie Financial Corp now owns 2,078 shares of the industrial products company’s stock worth $357,000 after acquiring an additional 70 shares in the last quarter. First Republic Investment Management Inc. boosted its position in shares of Chart Industries by 4.5% during the 1st quarter. First Republic Investment Management Inc. now owns 1,739 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 75 shares in the last quarter. State of Michigan Retirement System boosted its position in shares of Chart Industries by 1.0% during the 4th quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company’s stock worth $1,377,000 after acquiring an additional 100 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Chart Industries by 3.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 3,120 shares of the industrial products company’s stock worth $575,000 after acquiring an additional 100 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Chart Industries by 0.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 11,487 shares of the industrial products company’s stock worth $1,566,000 after acquiring an additional 104 shares in the last quarter.

Chart Industries Stock Up 0.9 %

Shares of GTLS traded up $1.30 during trading hours on Thursday, reaching $148.89. 256,537 shares of the stock traded hands, compared to its average volume of 612,699. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 1.22. The stock has a fifty day simple moving average of $144.96 and a 200 day simple moving average of $136.77. Chart Industries, Inc. has a 52 week low of $106.66 and a 52 week high of $184.65. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 388.74, a PEG ratio of 0.41 and a beta of 1.70.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.13 by $0.12. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.09 billion. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. The company’s revenue for the quarter was up 130.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.67 earnings per share. On average, equities analysts forecast that Chart Industries, Inc. will post 11.79 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on GTLS. TD Cowen increased their price target on shares of Chart Industries from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. UBS Group raised shares of Chart Industries from a “neutral” rating to a “buy” rating and increased their price objective for the company from $152.00 to $170.00 in a research note on Tuesday, March 19th. Wells Fargo & Company increased their price objective on shares of Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Morgan Stanley initiated coverage on shares of Chart Industries in a research note on Thursday. They issued an “equal weight” rating and a $200.00 price objective for the company. Finally, Raymond James raised shares of Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 price objective for the company in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $194.85.

About Chart Industries

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.