FineMark National Bank & Trust Buys 1,687 Shares of Chart Industries, Inc. (NYSE:GTLS)

FineMark National Bank & Trust lifted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 50,764 shares of the industrial products company's stock after purchasing an additional 1,687 shares during the period. FineMark National Bank & Trust owned about 0.12% of Chart Industries worth $9,688,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Chart Industries by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,297,398 shares of the industrial products company's stock valued at $820,115,000 after purchasing an additional 59,889 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Chart Industries by 2.0% in the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company's stock worth $123,318,000 after buying an additional 19,534 shares during the period. Principal Financial Group Inc. raised its holdings in Chart Industries by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company's stock valued at $99,673,000 after buying an additional 32,442 shares during the last quarter. Fisher Asset Management LLC boosted its position in Chart Industries by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company's stock valued at $73,551,000 after buying an additional 13,181 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Chart Industries by 90.9% in the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company's stock worth $68,461,000 after acquiring an additional 262,592 shares during the last quarter.

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Chart Industries Stock Down 4.0 %

Chart Industries stock traded down $6.15 on Friday, hitting $147.48. 477,035 shares of the stock traded hands, compared to its average volume of 677,880. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The firm has a market cap of $6.74 billion, a P/E ratio of 42.75, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The business's fifty day simple moving average is $181.51 and its 200 day simple moving average is $168.33.

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

Insider Transactions at Chart Industries

In other news, VP Gerald F. Vinci bought 175 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the completion of the purchase, the vice president now owns 475 shares in the company, valued at approximately $70,247.75. This represents a 58.33 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Linda S. Harty purchased 500 shares of Chart Industries stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of $140.85 per share, with a total value of $70,425.00. Following the transaction, the director now directly owns 11,684 shares of the company's stock, valued at $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 1,109 shares of company stock valued at $160,845. Insiders own 0.95% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GTLS. The Goldman Sachs Group upped their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the company a "neutral" rating in a research note on Friday, December 20th. Raymond James reaffirmed a "strong-buy" rating and set a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Citigroup lifted their price objective on Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. BTIG Research boosted their target price on Chart Industries from $170.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Finally, Wells Fargo & Company dropped their price target on Chart Industries from $215.00 to $214.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $202.33.

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.