Providence Capital Advisors LLC Purchases Shares of 29,076 Chart Industries, Inc. (NYSE:GTLS)

Providence Capital Advisors LLC purchased a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 29,076 shares of the industrial products company’s stock, valued at approximately $3,609,000. Providence Capital Advisors LLC owned 0.07% of Chart Industries at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GTLS. King Luther Capital Management Corp boosted its position in shares of Chart Industries by 2.9% in the third quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock worth $128,100,000 after buying an additional 29,139 shares during the period. Principal Financial Group Inc. boosted its position in shares of Chart Industries by 4.2% in the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock worth $99,673,000 after buying an additional 32,442 shares during the period. Fisher Asset Management LLC boosted its position in shares of Chart Industries by 2.3% in the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock worth $73,551,000 after buying an additional 13,181 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Chart Industries by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 501,888 shares of the industrial products company’s stock worth $62,304,000 after buying an additional 11,706 shares during the period. Finally, Perpetual Ltd boosted its position in shares of Chart Industries by 7.3% in the third quarter. Perpetual Ltd now owns 500,256 shares of the industrial products company’s stock worth $62,102,000 after buying an additional 34,153 shares during the period.

Insider Transactions at Chart Industries

In other Chart Industries news, Director Linda S. Harty bought 5,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were purchased at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $240,250. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jillian C. Evanko bought 440 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was acquired 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 owns 125,448 shares in the company, valued at $14,339,960.88. This trade represents a 0.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 7,152 shares of company stock worth $482,278. 0.95% of the stock is currently owned by company insiders.

Chart Industries Stock Up 2.6 %

Shares of Chart Industries stock opened at $195.60 on Thursday. 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 business’s 50 day simple moving average is $139.52 and its 200-day simple moving average is $139.06. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 56.70, a PEG ratio of 0.97 and a beta of 1.71. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $196.18.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 earnings per share. Equities research analysts forecast that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on GTLS shares. The Goldman Sachs Group reduced 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. Stifel Nicolaus increased their price target on Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a report on Monday, November 4th. Bank of America reduced their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, October 14th. Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Wells Fargo & Company cut their price objective on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $178.82.

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.