Truvestments Capital LLC Buys New Position in Chart Industries, Inc. (NYSE:GTLS)

Truvestments Capital LLC purchased a new position in shares of Chart Industries, Inc. (NYSE:GTLS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,093 shares of the industrial products company’s stock, valued at approximately $136,000.

A number of other large investors also recently modified their holdings of GTLS. Ashton Thomas Securities LLC bought a new position in Chart Industries during the third quarter worth $34,000. UMB Bank n.a. grew its position in Chart Industries by 418.0% in the 3rd 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. Byrne Asset Management LLC bought a new position in shares of Chart Industries during the 2nd quarter worth about $40,000. Ecofi Investissements SA acquired a new position in shares of Chart Industries during the second quarter valued at about $50,000. Finally, Mendota Financial Group LLC lifted its stake in shares of Chart Industries by 46.2% in the third 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 period.

Analysts Set New Price Targets

GTLS has been the subject of several recent research reports. The Goldman Sachs Group cut their price target on Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Wells Fargo & Company reduced their target price on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Stifel Nicolaus boosted their price target on shares of Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a report on Monday, November 4th. Barclays reduced their price objective on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Finally, Craig Hallum lifted their target price on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $178.82.

Insiders Place Their Bets

In related news, Director Paul E. Mahoney bought 500 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was bought at an average cost of $106.55 per share, with a total value of $53,275.00. Following the completion of the purchase, the director now owns 2,107 shares in the company, valued at approximately $224,500.85. The trade was a 31.11 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jillian C. Evanko bought 440 shares of Chart Industries stock in a transaction dated Thursday, September 5th. The shares were bought at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the transaction, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This represents a 0.35 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 7,152 shares of company stock valued at $482,278. 0.95% of the stock is currently owned by corporate insiders.

Chart Industries Trading Up 0.5 %

Shares of Chart Industries stock opened at $190.60 on Wednesday. The stock has a market capitalization of $8.16 billion, a P/E ratio of 55.25, a price-to-earnings-growth ratio of 0.94 and a beta of 1.71. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $192.99. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The company has a 50-day simple moving average of $138.11 and a 200 day simple moving average of $138.78.

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