Truvestments Capital LLC Has $1.04 Million 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 boosted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 210.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,169 shares of the industrial products company's stock after acquiring an additional 4,861 shares during the quarter. Truvestments Capital LLC's holdings in Chart Industries were worth $1,035,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GTLS. Capital Analysts LLC acquired a new stake in Chart Industries during the 4th quarter worth about $25,000. Opal Wealth Advisors LLC acquired a new stake in Chart Industries during the 1st quarter worth about $25,000. Global X Japan Co. Ltd. boosted its position in Chart Industries by 142.9% during the 1st quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock worth $25,000 after acquiring an additional 100 shares during the period. Brooklyn Investment Group boosted its position in Chart Industries by 19,900.0% during the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock worth $29,000 after acquiring an additional 199 shares during the period. Finally, SVB Wealth LLC acquired a new stake in Chart Industries during the 1st quarter worth about $30,000.

Chart Industries Stock Up 0.4%

Shares of GTLS stock opened at $198.41 on Wednesday. The stock's 50 day simple moving average is $178.26 and its 200 day simple moving average is $162.46. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.27 and a current ratio of 1.55. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The company has a market capitalization of $8.92 billion, a price-to-earnings ratio of 36.88, a PEG ratio of 1.14 and a beta of 1.59.

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

Analyst Ratings Changes

GTLS has been the subject of a number of research reports. Johnson Rice lowered Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price objective for the company. in a research report on Wednesday, July 30th. Hsbc Global Res raised Chart Industries to a "hold" rating in a research note on Wednesday, July 30th. Cowen downgraded Chart Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, July 30th. UBS Group reaffirmed a "neutral" rating and set a $210.00 price target (down from $225.00) on shares of Chart Industries in a research note on Wednesday, July 30th. Finally, Morgan Stanley cut their price target on Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Five analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $202.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.