Zurcher Kantonalbank Zurich Cantonalbank Sells 49,398 Shares of Chart Industries, Inc. (NYSE:GTLS)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 67.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,604 shares of the industrial products company’s stock after selling 49,398 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Chart Industries were worth $3,218,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in GTLS. SG Americas Securities LLC grew its position in Chart Industries by 986.8% during the third quarter. SG Americas Securities LLC now owns 13,476 shares of the industrial products company’s stock valued at $2,279,000 after buying an additional 12,236 shares during the period. Richelieu Gestion SA purchased a new stake in Chart Industries during the third quarter valued at about $211,000. Handelsbanken Fonder AB lifted its holdings in Chart Industries by 16.9% during the third quarter. Handelsbanken Fonder AB now owns 8,234 shares of the industrial products company’s stock valued at $1,393,000 after purchasing an additional 1,190 shares during the last quarter. Moisand Fitzgerald Tamayo LLC lifted its holdings in Chart Industries by 645.2% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 231 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 200 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC purchased a new stake in Chart Industries during the third quarter valued at about $581,000.

Chart Industries Trading Up 1.0 %

Shares of GTLS opened at $149.49 on Tuesday. The firm’s 50 day simple moving average is $146.53 and its 200 day simple moving average is $136.44. The company has a market capitalization of $6.28 billion, a P/E ratio of 393.39, a P/E/G ratio of 0.41 and a beta of 1.70. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.19 and a quick ratio of 0.88. Chart Industries, Inc. has a 1-year low of $106.66 and a 1-year high of $184.65.

Chart Industries (NYSE:GTLS) last announced its earnings results on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.12. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.09 billion. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. Chart Industries’s quarterly revenue was up 130.0% on a year-over-year basis. During the same period last year, the firm posted $1.67 earnings per share. Sell-side analysts forecast that Chart Industries, Inc. will post 11.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on GTLS. Raymond James raised shares of Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 price objective on the stock in a report on Thursday, January 4th. UBS Group raised shares of Chart Industries from a “neutral” rating to a “buy” rating and upped their price objective for the company from $152.00 to $170.00 in a report on Tuesday, March 19th. Morgan Stanley began coverage on shares of Chart Industries in a report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 price target on the stock. 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 report on Thursday, February 29th. Finally, Wells Fargo & Company increased their price target on shares of Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $194.85.

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.