M&T Bank Corp Invests $231,000 in Chart Industries, Inc. (NYSE:GTLS)

M&T Bank Corp acquired a new position in shares of Chart Industries, Inc. (NYSE:GTLS) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,857 shares of the industrial products company’s stock, valued at approximately $231,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Chart Industries during the 3rd quarter worth approximately $34,000. UMB Bank n.a. boosted its holdings in Chart Industries by 418.0% during the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 255 shares during the last quarter. Ecofi Investissements SA bought a new position in Chart Industries in the second quarter valued at $50,000. Mendota Financial Group LLC increased its stake in Chart Industries by 46.2% in the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after buying an additional 203 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in Chart Industries during the 3rd quarter worth about $87,000.

Chart Industries Stock Performance

NYSE GTLS opened at $180.79 on Friday. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $204.23. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of 52.40, a P/E/G ratio of 1.01 and a beta of 1.86. 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 firm’s 50 day simple moving average is $163.23 and its 200 day simple moving average is $143.80.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the company posted $1.28 EPS. The firm’s revenue was up 18.3% compared to the same quarter last year. As a group, research analysts expect that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Craig Hallum raised their price target on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price on the stock in a report on Monday, September 16th. Stifel Nicolaus raised their price target on Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a report on Monday, November 4th. Barclays lowered their price objective on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Finally, Wells Fargo & Company reduced their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $181.42.

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.