Chart Industries, Inc. (NASDAQ:GTLS) COO John Champion Vii Bishop Purchases 10,000 Shares

Chart Industries, Inc. (NASDAQ:GTLS) COO John Champion Vii Bishop acquired 10,000 shares of the stock in a transaction dated Wednesday, March 18th. The stock was acquired at an average price of $18.18 per share, for a total transaction of $181,800.00. Following the completion of the transaction, the chief operating officer now directly owns 24,454 shares of the company’s stock, valued at $444,573.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ GTLS traded up $2.72 during trading hours on Thursday, hitting $27.73. 22,867 shares of the company were exchanged, compared to its average volume of 1,048,925. The stock has a 50-day moving average price of $49.48 and a 200 day moving average price of $58.80. The company has a quick ratio of 1.20, a current ratio of 1.78 and a debt-to-equity ratio of 0.64. Chart Industries, Inc. has a 52 week low of $15.00 and a 52 week high of $93.75. The stock has a market cap of $934.48 million, a PE ratio of 20.85 and a beta of 1.11.

Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.18). Chart Industries had a return on equity of 8.06% and a net margin of 3.57%. The company had revenue of $342.40 million for the quarter, compared to the consensus estimate of $379.58 million. During the same period in the previous year, the firm earned $0.59 earnings per share. The company’s revenue was up 18.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chart Industries, Inc. will post 4.62 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of GTLS. FMR LLC increased its stake in Chart Industries by 77,936.9% during the first quarter. FMR LLC now owns 232,550 shares of the industrial products company’s stock worth $21,050,000 after acquiring an additional 232,252 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Chart Industries by 495.9% during the third quarter. Russell Investments Group Ltd. now owns 11,381 shares of the industrial products company’s stock worth $711,000 after acquiring an additional 9,471 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Chart Industries during the third quarter worth approximately $62,000. State Street Corp increased its stake in Chart Industries by 3.6% during the third quarter. State Street Corp now owns 1,015,906 shares of the industrial products company’s stock worth $63,352,000 after acquiring an additional 35,593 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in Chart Industries by 2.8% during the third quarter. California State Teachers Retirement System now owns 56,133 shares of the industrial products company’s stock worth $3,500,000 after acquiring an additional 1,532 shares during the last quarter.

GTLS has been the topic of several research reports. Stifel Nicolaus initiated coverage on Chart Industries in a report on Friday, December 6th. They issued a “buy” rating and a $83.00 target price on the stock. Zacks Investment Research cut Chart Industries from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Evercore ISI cut Chart Industries to a “hold” rating in a report on Tuesday, March 17th. BidaskClub raised Chart Industries from a “strong sell” rating to a “sell” rating in a report on Wednesday. Finally, Citigroup lifted their target price on Chart Industries from $80.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. Chart Industries presently has an average rating of “Buy” and a consensus target price of $84.10.

About Chart Industries

Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.

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