Blazing Star Merger Sub completes Walgreens debt tender offer
Herbert Hotchkiss, Vice President, General Counsel, and Secretary of Chart Industries Inc. (NYSE:GTLS), recently purchased 84 shares of the company’s common stock. The shares were acquired at a price of $141.87 each, totaling approximately $11,917. Following this transaction, Hotchkiss holds 296 shares indirectly through his spouse’s IRA and 17,965 shares directly. The timing of this purchase is notable, as InvestingPro data shows the stock is currently trading below its Fair Value, with a perfect Piotroski Score of 9 indicating strong financial health. This purchase reflects continued confidence from the executive in the company’s prospects. Chart Industries, based in Ball (NYSE:BALL) Ground, Georgia, specializes in fabricated plate work, including boiler shops. The $5.1 billion market cap company has demonstrated robust growth with revenue increasing 24.1% over the last twelve months. Want deeper insights into insider trading patterns and 14+ additional ProTips? Discover more with InvestingPro’s comprehensive analysis tools.
In other recent news, Chart Industries reported its Q4 2024 earnings, revealing a miss on both earnings per share (EPS) and revenue forecasts. The company’s EPS came in at $2.66, falling short of the expected $3.15, while revenue for the quarter was $1.11 billion, below the forecasted $1.18 billion. Despite this, Chart Industries demonstrated a solid performance throughout 2024, with full-year sales reaching $4.16 billion, marking a 17.5% organic increase. Additionally, the firm saw a 10.8% sales increase in Q4 2024, excluding foreign exchange impacts.
Stifel analysts maintained their Buy rating on Chart Industries, with a price target of $231.00, highlighting the company’s robust orderbook and strong book-to-bill ratio. The analysts noted that despite the earnings miss, the company’s guidance remains unchanged, suggesting an ambitious 14% revenue growth. In other developments, Chart Industries has been selected by Blue Spruce Operating LLC to supply a Nitrogen Rejection Unit and helium processing technology for the Dry Piney Helium and Carbon Sequestration Project in Wyoming. This collaboration is expected to enhance domestic resources for helium and contribute to natural gas supplies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.