Truvestments Capital LLC Increases Stock Holdings in Chart Industries, Inc. $GTLS

Key Points

• Truvestments Capital LLC significantly increased its stake in Chart Industries by 210.6%, now holding shares worth approximately $1.04 million.
• Chart Industries reported a miss in earnings for the last quarter, with $2.59 EPS compared to the consensus estimate of $2.62.
• Analyst ratings for Chart Industries have been mixed, with several firms downgrading the stock while maintaining an average price target of $202.

Truvestments Capital LLC lifted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 210.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,169 shares of the industrial products company's stock after purchasing an additional 4,861 shares during the quarter. Truvestments Capital LLC's holdings in Chart Industries were worth $1,035,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in GTLS. Capital Analysts LLC acquired a new stake in shares of Chart Industries during the fourth quarter worth about $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Chart Industries during the first quarter worth about $25,000. Global X Japan Co. Ltd. lifted its position in shares of Chart Industries by 142.9% during the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Chart Industries by 19,900.0% during the first quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock worth $29,000 after purchasing an additional 199 shares in the last quarter. Finally, SVB Wealth LLC acquired a new stake in shares of Chart Industries during the first quarter worth about $30,000.

Analysts Set New Price Targets

A number of analysts recently weighed in on GTLS shares. The Goldman Sachs Group set a $180.00 target price on shares of Chart Industries and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Johnson Rice lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 target price on the stock. in a research note on Wednesday, July 30th. TD Cowen lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. BTIG Research lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Hsbc Global Res upgraded shares of Chart Industries to a "hold" rating in a research note on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $202.00.

Chart Industries Stock Up 0.4%

Chart Industries stock traded up $0.73 during mid-day trading on Monday, hitting $199.31. The company had a trading volume of 1,679,724 shares, compared to its average volume of 3,203,026. The stock has a market cap of $8.96 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 1.15 and a beta of 1.67. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 1.04. The business has a fifty day moving average of $181.55 and a 200 day moving average of $162.30.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.59 EPS for the quarter, missing the consensus estimate of $2.62 by ($0.03). The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. On average, sell-side analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Chart Industries 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.