700 Shares in Chart Industries, Inc. (NYSE:GTLS) Bought by nVerses Capital LLC

nVerses Capital LLC purchased a new position in Chart Industries, Inc. (NYSE:GTLS) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 700 shares of the industrial products company’s stock, valued at approximately $87,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GTLS. Allspring Global Investments Holdings LLC bought a new stake in Chart Industries during the first quarter valued at $30,000. UMB Bank n.a. increased its stake in Chart Industries by 418.0% during the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 255 shares during the last quarter. Byrne Asset Management LLC bought a new stake in Chart Industries during the second quarter valued at $40,000. Ecofi Investissements SA bought a new stake in Chart Industries during the second quarter valued at $50,000. Finally, Covestor Ltd increased its stake in Chart Industries by 509.8% during the first quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 311 shares during the last quarter.

Insider Activity

In other Chart Industries news, Director Paul E. Mahoney acquired 500 shares of Chart Industries stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $106.55 per share, for a total transaction 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 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Jillian C. Evanko bought 440 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was bought at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the acquisition, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul E. Mahoney bought 500 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was purchased at an average price of $106.55 per share, with a total value of $53,275.00. Following the completion of the acquisition, the director now owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 7,152 shares of company stock worth $482,278. Corporate insiders own 0.95% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Bank of America lowered their target price 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. Barclays lowered their target price on shares of Chart Industries from $147.00 to $146.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 16th. Stifel Nicolaus lowered their price target on shares of Chart Industries from $199.00 to $198.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company lowered their price target on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $178.00.

Chart Industries Stock Performance

GTLS stock opened at $126.01 on Monday. The company has a market capitalization of $5.39 billion, a P/E ratio of 126.01, a PEG ratio of 0.40 and a beta of 1.70. The company has a 50-day simple moving average of $120.00 and a 200 day simple moving average of $139.19. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $171.68. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company posted $1.19 earnings per share. Chart Industries’s revenue was up 14.5% compared to the same quarter last year. Sell-side analysts predict that Chart Industries, Inc. will post 10.42 earnings per share for the current fiscal 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.