RBF Capital LLC Purchases New Position in Chart Industries, Inc. (NYSE:GTLS)

RBF Capital LLC purchased a new position in Chart Industries, Inc. (NYSE:GTLS) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 33,000 shares of the industrial products company’s stock, valued at approximately $4,097,000. RBF Capital LLC owned 0.08% of Chart Industries at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Chart Industries during the third quarter worth about $34,000. UMB Bank n.a. lifted its stake in Chart Industries by 418.0% in 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 in the last quarter. Byrne Asset Management LLC acquired a new stake in Chart Industries in the 2nd quarter worth about $40,000. Ecofi Investissements SA purchased a new stake in Chart Industries during the 2nd quarter worth approximately $50,000. Finally, Mendota Financial Group LLC raised its holdings in shares of Chart Industries by 46.2% during 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 last quarter.

Wall Street Analysts Forecast Growth

GTLS has been the topic of a number of research analyst reports. Raymond James reaffirmed a “strong-buy” rating and issued a $190.00 price target on shares of Chart Industries in a research note on Monday. Barclays dropped their target price 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. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target on the stock in a research note on Monday, September 16th. Bank of America dropped their price objective on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Finally, 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 research note on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chart Industries currently has an average rating of “Moderate Buy” and a consensus price target of $178.82.

Insiders Place Their Bets

In other news, Director Paul E. Mahoney acquired 500 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the acquisition, the director now owns 2,107 shares of the company’s stock, 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 bought 5,000 shares of the firm’s 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 purchase, the director now owns 5,000 shares in the company, valued at $240,250. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 6,712 shares of company stock valued at $431,982 over the last 90 days. 0.95% of the stock is owned by company insiders.

Chart Industries Stock Down 1.5 %

Shares of NYSE GTLS opened at $191.02 on Thursday. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $196.91. The company has a market capitalization of $8.18 billion, a P/E ratio of 55.37, a P/E/G ratio of 0.99 and a beta of 1.86. The company has a 50 day simple moving average of $146.59 and a 200-day simple moving average of $140.40. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.

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

Chart Industries Company 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.