Mendota Financial Group LLC Has $80,000 Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Mendota Financial Group LLC increased its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 46.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 642 shares of the industrial products company’s stock after purchasing an additional 203 shares during the period. Mendota Financial Group LLC’s holdings in Chart Industries were worth $80,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GTLS. Allspring Global Investments Holdings LLC bought a new position in Chart Industries during the first quarter worth about $30,000. Rise Advisors LLC increased its stake in shares of Chart Industries by 905.0% in the 1st quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 181 shares during the last quarter. Byrne Asset Management LLC acquired a new stake in shares of Chart Industries in the 2nd quarter valued at approximately $40,000. UMB Bank n.a. boosted its stake in Chart Industries by 418.0% during the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 255 shares during the last quarter. Finally, Ecofi Investissements SA acquired a new position in Chart Industries during the second quarter valued at approximately $50,000.

Insider Activity at Chart Industries

In other news, Director Linda S. Harty bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was acquired at an average cost of $48.05 per share, with a total value of $240,250.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at $240,250. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Paul E. Mahoney acquired 500 shares of Chart Industries stock in a transaction on Wednesday, September 11th. The stock was purchased at an average cost of $106.55 per share, with a total value of $53,275.00. Following the completion of the transaction, the director now directly owns 2,107 shares in the company, valued at $224,500.85. This trade represents a 0.00 % 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 acquired 5,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was bought at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $240,250. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 7,152 shares of company stock valued at $482,278. 0.95% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

GTLS has been the topic of several analyst reports. The Goldman Sachs Group cut their target price 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. Barclays reduced their target price on Chart Industries from $193.00 to $147.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 6th. Stifel Nicolaus lowered their price target on Chart Industries from $199.00 to $198.00 and set a “buy” rating for the company in a report on Wednesday. Bank of America lifted their price objective on Chart Industries from $180.00 to $185.00 and gave the company a “buy” rating in a report on Monday, July 15th. Finally, Wells Fargo & Company lowered their target price on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Chart Industries currently has a consensus rating of “Moderate Buy” and an average target price of $179.91.

Chart Industries Price Performance

Shares of GTLS opened at $127.39 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $171.68. The stock has a market capitalization of $5.45 billion, a P/E ratio of 127.39, a P/E/G ratio of 0.40 and a beta of 1.70. The company has a 50 day moving average of $119.02 and a 200-day moving average of $140.61.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business posted $1.19 EPS. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, equities research analysts forecast that Chart Industries, Inc. will post 10.42 EPS for the current fiscal year.

About Chart Industries

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.