Hollow Brook Wealth Management LLC Grows Position in Chart Industries, Inc. (NYSE:GTLS)

Hollow Brook Wealth Management LLC grew its position in Chart Industries, Inc. (NYSE:GTLS) by 4.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,643 shares of the industrial products company’s stock after buying an additional 1,634 shares during the quarter. Chart Industries accounts for 1.3% of Hollow Brook Wealth Management LLC’s holdings, making the stock its 24th largest holding. Hollow Brook Wealth Management LLC owned about 0.08% of Chart Industries worth $4,425,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. King Luther Capital Management Corp increased its holdings in 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 valued at $128,100,000 after buying an additional 29,139 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Chart Industries by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after buying an additional 32,442 shares during the period. Fisher Asset Management LLC increased its position in shares of Chart Industries by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock worth $73,551,000 after purchasing an additional 13,181 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Chart Industries by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 501,888 shares of the industrial products company’s stock worth $62,304,000 after purchasing an additional 11,706 shares during the period. Finally, Perpetual Ltd raised its position in Chart Industries by 7.3% in the third quarter. Perpetual Ltd now owns 500,256 shares of the industrial products company’s stock valued at $62,102,000 after purchasing an additional 34,153 shares during the period.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target for the company in a research note on Monday, September 16th. Barclays cut their price target on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Wells Fargo & Company reduced their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Craig Hallum raised their price objective 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. Finally, The Goldman Sachs Group dropped their price objective on Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.82.

Insider Activity

In other Chart Industries news, Director Paul E. Mahoney purchased 500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average cost of $106.55 per share, with a total value of $53,275.00. Following the transaction, the director now owns 2,107 shares in the company, valued at approximately $224,500.85. This trade represents a 31.11 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jillian C. Evanko purchased 440 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average price of $114.31 per share, with a total value of $50,296.40. Following the completion of the acquisition, the chief executive officer now owns 125,448 shares in the company, valued at $14,339,960.88. This represents a 0.35 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 7,152 shares of company stock valued at $482,278 in the last three months. Corporate insiders own 0.95% of the company’s stock.

Chart Industries Price Performance

GTLS stock opened at $193.60 on Monday. The stock has a market capitalization of $8.29 billion, a price-to-earnings ratio of 56.01, a price-to-earnings-growth ratio of 0.99 and a beta of 1.71. The stock’s fifty day simple moving average is $143.84 and its 200-day simple moving average is $139.98. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $196.91. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16.

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 during the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.28 EPS. Equities research analysts expect that Chart Industries, Inc. will post 9.03 EPS for the current year.

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.