Chart Industries, Inc. (NYSE:GTLS) Shares Bought by Providence Capital Advisors LLC

Providence Capital Advisors LLC raised its position in Chart Industries, Inc. (NYSE:GTLS) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,457 shares of the industrial products company’s stock after acquiring an additional 381 shares during the quarter. Providence Capital Advisors LLC owned 0.07% of Chart Industries worth $5,622,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Archford Capital Strategies LLC boosted its stake in Chart Industries by 2.2% during the 4th quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company’s stock valued at $433,000 after purchasing an additional 48 shares during the period. MML Investors Services LLC increased its stake in Chart Industries by 3.3% in the 3rd quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock worth $245,000 after purchasing an additional 63 shares in the last quarter. Assetmark Inc. lifted its position in shares of Chart Industries by 3.0% in the 4th quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company’s stock valued at $417,000 after acquiring an additional 64 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after buying an additional 65 shares during the period. Finally, Lindbrook Capital LLC grew its stake in Chart Industries by 43.4% during the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 69 shares in the last quarter.

Insider Buying and Selling at Chart Industries

In related news, CEO Jillian C. Evanko acquired 350 shares of the stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the purchase, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at $20,698,083.10. The trade was a 0.25 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linda S. Harty acquired 500 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of $140.85 per share, with a total value of $70,425.00. Following the acquisition, the director now owns 11,684 shares of the company’s stock, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 1,109 shares of company stock valued at $160,845 in the last ninety days. 0.95% of the stock is currently owned by company insiders.

Chart Industries Stock Down 2.2 %

NYSE:GTLS opened at $153.54 on Friday. The stock has a 50-day moving average price of $182.86 and a two-hundred day moving average price of $167.65. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. 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 stock has a market cap of $7.01 billion, a price-to-earnings ratio of 44.50, a PEG ratio of 0.57 and a beta of 1.87.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing the consensus estimate of $3.20 by ($0.54). The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. Chart Industries’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.25 earnings per share. As a group, equities analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GTLS. TD Cowen lifted their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Raymond James reiterated a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a research note on Monday, December 2nd. Barclays raised their price objective on Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Stifel Nicolaus increased their price target on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Finally, Morgan Stanley cut their price target on shares of Chart Industries from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Thursday. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.33.

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.