Finemark National Bank & Trust Has $668,000 Stake in Chart Industries, Inc. $GTLS

Finemark National Bank & Trust lowered its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 93.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,338 shares of the industrial products company’s stock after selling 49,195 shares during the period. Finemark National Bank & Trust’s holdings in Chart Industries were worth $668,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. PACK Private Wealth LLC bought a new position in Chart Industries during the 3rd quarter worth $2,342,000. Atlantic Investment Management Inc. boosted its position in shares of Chart Industries by 33.7% in the second quarter. Atlantic Investment Management Inc. now owns 274,699 shares of the industrial products company’s stock valued at $45,229,000 after acquiring an additional 69,300 shares during the period. New York Life Investment Management LLC grew its stake in shares of Chart Industries by 881.1% in the third quarter. New York Life Investment Management LLC now owns 46,858 shares of the industrial products company’s stock valued at $9,379,000 after acquiring an additional 42,082 shares in the last quarter. Anderson Financial Strategies LLC bought a new position in Chart Industries during the third quarter worth about $1,512,000. Finally, Alpine Associates Management Inc. acquired a new stake in Chart Industries in the 2nd quarter worth about $12,143,000.

Chart Industries Price Performance

GTLS stock opened at $207.15 on Tuesday. The company’s 50-day moving average price is $206.96 and its two-hundred day moving average price is $203.22. The firm has a market cap of $9.31 billion, a P/E ratio of 796.78, a P/E/G ratio of 0.79 and a beta of 1.73. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 1.08. Chart Industries, Inc. has a 12 month low of $104.60 and a 12 month high of $208.24.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.97). Chart Industries had a return on equity of 13.57% and a net margin of 0.95%.The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company earned $2.66 earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on GTLS. Zacks Research raised shares of Chart Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $204.10.

Chart Industries Profile

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.