Avalon Trust Co Has $15.52 Million Holdings in Chart Industries, Inc. (NYSE:GTLS)

Avalon Trust Co lessened its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 0.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 81,345 shares of the industrial products company’s stock after selling 655 shares during the quarter. Avalon Trust Co owned approximately 0.19% of Chart Industries worth $15,524,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in Chart Industries by 129.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 92 shares during the period. Fairway Wealth LLC bought a new position in shares of Chart Industries during the 4th quarter worth approximately $34,000. Blue Trust Inc. boosted its holdings in shares of Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after buying an additional 65 shares in the last quarter. Spire Wealth Management boosted its holdings in shares of Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after buying an additional 125 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in shares of Chart Industries by 43.4% during the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock worth $44,000 after buying an additional 69 shares in the last quarter.

Insider Transactions at Chart Industries

In other Chart Industries news, VP Gerald F. Vinci bought 175 shares of the stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the purchase, the vice president now directly owns 475 shares of the company’s stock, valued at approximately $70,247.75. This trade represents a 58.33 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda S. Harty bought 500 shares of the stock in a transaction dated Monday, March 10th. The shares were acquired at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the purchase, the director now directly owns 11,684 shares in the company, valued at approximately $1,645,691.40. This trade represents a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 1,109 shares of company stock worth $160,845 in the last ninety days. Company insiders own 0.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on GTLS shares. Wells Fargo & Company cut their price target on Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. The Goldman Sachs Group increased their target price on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. BTIG Research increased their target price on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Barclays increased their target price on Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Finally, Raymond James reiterated a “strong-buy” rating and issued a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Chart Industries presently has an average rating of “Moderate Buy” and an average target price of $194.08.

Chart Industries Price Performance

GTLS opened at $149.06 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 43.20, a P/E/G ratio of 0.57 and a beta of 1.87. The firm’s fifty day moving average price is $191.59 and its two-hundred day moving average price is $165.59. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03.

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

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.