Hollow Brook Wealth Management LLC Buys 7,002 Shares of Chart Industries, Inc. (NYSE:GTLS)

Hollow Brook Wealth Management LLC grew its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 30.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,303 shares of the industrial products company’s stock after buying an additional 7,002 shares during the period. Chart Industries accounts for approximately 1.6% of Hollow Brook Wealth Management LLC’s holdings, making the stock its 20th biggest position. Hollow Brook Wealth Management LLC owned 0.07% of Chart Industries worth $4,131,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. State of Michigan Retirement System raised its position in shares of Chart Industries by 1.0% in the 4th quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company’s stock worth $1,377,000 after purchasing an additional 100 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Chart Industries by 0.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 11,487 shares of the industrial products company’s stock worth $1,566,000 after purchasing an additional 104 shares during the last quarter. First Trust Direct Indexing L.P. raised its position in shares of Chart Industries by 7.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,835 shares of the industrial products company’s stock worth $310,000 after purchasing an additional 128 shares during the last quarter. SVB Wealth LLC raised its position in shares of Chart Industries by 9.7% in the 3rd quarter. SVB Wealth LLC now owns 1,634 shares of the industrial products company’s stock worth $276,000 after purchasing an additional 144 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Chart Industries by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 11,949 shares of the industrial products company’s stock worth $2,021,000 after purchasing an additional 165 shares during the last quarter.

Chart Industries Stock Performance

Shares of NYSE:GTLS traded down $4.46 during mid-day trading on Tuesday, reaching $144.04. 747,381 shares of the company traded hands, compared to its average volume of 606,612. The company’s 50 day moving average price is $148.76 and its 200-day moving average price is $136.21. The firm has a market cap of $6.06 billion, a PE ratio of 379.11, a PEG ratio of 0.41 and a beta of 1.70. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.19 and a quick ratio of 0.88. Chart Industries, Inc. has a 52 week low of $106.66 and a 52 week high of $184.65.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.12. Chart Industries had a return on equity of 9.27% and a net margin of 1.00%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the company posted $1.67 EPS. The firm’s revenue for the quarter was up 130.0% compared to the same quarter last year. On average, equities analysts expect that Chart Industries, Inc. will post 11.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GTLS shares. Raymond James raised Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 price target for the company in a research report on Thursday, January 4th. Wells Fargo & Company boosted their target price on Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. UBS Group raised Chart Industries from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $152.00 to $170.00 in a research report on Tuesday, March 19th. TD Cowen boosted their target price on Chart Industries from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Finally, Morgan Stanley began coverage on Chart Industries in a research report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $194.85.

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.