Chart Industries, Inc. (NYSE:GTLS) Shares Purchased by Hollow Brook Wealth Management LLC

Hollow Brook Wealth Management LLC raised its stake in Chart Industries, Inc. (NYSE:GTLS) by 4.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 35,643 shares of the industrial products company’s stock after purchasing an additional 1,634 shares during the period. Chart Industries accounts for approximately 1.3% of Hollow Brook Wealth Management LLC’s holdings, making the stock its 24th biggest holding. Hollow Brook Wealth Management LLC’s holdings in Chart Industries were worth $4,425,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GTLS. Ashton Thomas Securities LLC bought a new stake in Chart Industries during the third quarter valued at $34,000. Byrne Asset Management LLC bought a new stake in shares of Chart Industries during the 2nd quarter valued at about $40,000. UMB Bank n.a. grew its position in shares of Chart Industries by 418.0% during the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after buying an additional 255 shares during the last quarter. Ecofi Investissements SA acquired a new stake in Chart Industries during the second quarter worth about $50,000. Finally, Central Bank & Trust Co. bought a new position in shares of Chart Industries during the second quarter valued at approximately $86,000.

Insider Activity

In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of the stock in a transaction dated Thursday, September 5th. The shares were acquired at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the acquisition, the chief executive officer now 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linda S. Harty bought 5,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were bought at an average cost of $48.05 per share, with a total value of $240,250.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $240,250. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 7,152 shares of company stock worth $482,278. Insiders own 0.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GTLS. Wells Fargo & Company dropped their target price on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price for the company in a research note on Monday, September 16th. The Goldman Sachs Group dropped their price target on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Barclays cut their price target on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Finally, Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Three research 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $178.82.

Chart Industries Stock Up 0.2 %

Shares of GTLS stock opened at $193.60 on Monday. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $196.91. 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 business’s fifty day moving average is $143.84 and its 200-day moving average is $139.98. The stock has a market cap of $8.29 billion, a PE ratio of 56.01, a price-to-earnings-growth ratio of 0.99 and a beta of 1.71.

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