Providence Capital Advisors LLC Purchases New Stake in Chart Industries, Inc. (NYSE:GTLS)

Providence Capital Advisors LLC bought a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 29,076 shares of the industrial products company's stock, valued at approximately $3,609,000. Providence Capital Advisors LLC owned about 0.07% of Chart Industries at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Ashton Thomas Securities LLC bought a new stake in shares of Chart Industries during the third quarter worth approximately $34,000. UMB Bank n.a. lifted its holdings 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 purchasing an additional 255 shares during the last quarter. Byrne Asset Management LLC acquired a new position in Chart Industries in the 2nd quarter valued at $40,000. Ecofi Investissements SA acquired a new stake in shares of Chart Industries during the second quarter worth $50,000. Finally, Mendota Financial Group LLC boosted its position 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 acquiring an additional 203 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on GTLS shares. Craig Hallum boosted their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the company a "buy" rating in a report on Monday, November 4th. Stifel Nicolaus increased their target price on Chart Industries from $198.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, November 4th. The Goldman Sachs Group cut their price objective on shares of Chart Industries from $168.00 to $144.00 and set a "neutral" rating for the company in a research report on Thursday, August 29th. Wells Fargo & Company decreased their target price on shares of Chart Industries from $151.00 to $146.00 and set an "overweight" rating on the stock in a report on Thursday, October 3rd. Finally, Barclays cut their price target 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. Three equities 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $178.82.

Chart Industries Trading Up 2.6 %

Shares of GTLS stock traded up $5.00 during mid-day trading on Thursday, reaching $195.60. 813,764 shares of the stock traded hands, compared to its average volume of 659,139. The company has a market cap of $8.37 billion, a price-to-earnings ratio of 56.70, a price-to-earnings-growth ratio of 0.97 and a beta of 1.71. 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 stock's fifty day simple moving average is $141.00 and its two-hundred day simple moving average is $139.46. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $196.18.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company posted $1.28 EPS. The company's quarterly revenue was up 18.3% on a year-over-year basis. On average, research analysts anticipate that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.

Insider Activity

In other Chart Industries news, Director Paul E. Mahoney purchased 500 shares of the company's stock in a transaction on Wednesday, September 11th. The shares were purchased 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 $224,500.85. This represents a 31.11 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linda S. Harty purchased 5,000 shares of Chart Industries stock in a transaction on Monday, September 16th. The stock was bought at an average price of $48.05 per share, with a total value of $240,250.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company's stock, valued at approximately $240,250. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 7,152 shares of company stock valued at $482,278. 0.95% of the stock is currently owned by insiders.

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.