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

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

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Chart Industries by 504.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company’s stock worth $66,896,000 after purchasing an additional 386,821 shares during the period. Point72 Asset Management L.P. lifted its holdings in Chart Industries by 323.0% in the second quarter. Point72 Asset Management L.P. now owns 416,150 shares of the industrial products company’s stock valued at $60,067,000 after buying an additional 317,775 shares during the period. Wellington Management Group LLP boosted its position in Chart Industries by 90.9% during the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after acquiring an additional 262,592 shares during the last quarter. Driehaus Capital Management LLC grew its holdings in Chart Industries by 385.3% during the 2nd quarter. Driehaus Capital Management LLC now owns 197,197 shares of the industrial products company’s stock worth $28,463,000 after acquiring an additional 156,562 shares during the period. Finally, Primecap Management Co. CA bought a new position in shares of Chart Industries in the 2nd quarter worth about $14,333,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GTLS shares. Bank of America cut their target price on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Raymond James reaffirmed a “strong-buy” rating and set a $190.00 price objective on shares of Chart Industries in a research report on Monday, December 2nd. Stifel Nicolaus boosted their target price on shares of Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Craig Hallum raised their price target on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, The Goldman Sachs Group dropped their price objective on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $181.42.

Chart Industries Stock Performance

Shares of GTLS opened at $180.79 on Friday. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $204.23. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The stock has a 50 day moving average price of $163.23 and a two-hundred day moving average price of $143.80. The firm has a market capitalization of $7.74 billion, a P/E ratio of 52.40, a P/E/G ratio of 1.01 and a beta of 1.86.

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

Chart Industries 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.