Chart Industries, Inc. (NYSE:GTLS) VP Buys $24,956.64 in Stock

Chart Industries, Inc. (NYSE:GTLS) VP Herbert Hotchkiss purchased 212 shares of Chart Industries stock in a transaction on Monday, September 16th. The stock was bought at an average price of $117.72 per share, with a total value of $24,956.64. Following the completion of the acquisition, the vice president now directly owns 212 shares of the company’s stock, valued at approximately $24,956.64. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Chart Industries Price Performance

GTLS stock opened at $121.60 on Thursday. The firm has a 50 day moving average of $131.37 and a 200-day moving average of $143.50. The firm has a market capitalization of $5.20 billion, a P/E ratio of 121.60, a price-to-earnings-growth ratio of 0.35 and a beta of 1.70. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $176.85. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.57 by ($0.39). The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.19 earnings per share. As a group, sell-side analysts predict that Chart Industries, Inc. will post 10.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GTLS. The Goldman Sachs Group dropped their price target on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a research report on Monday. Stifel Nicolaus reiterated a “buy” rating and issued a $199.00 price objective on shares of Chart Industries in a research note on Monday, August 26th. Bank of America raised their target price on Chart Industries from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Finally, Barclays dropped their price target on Chart Industries from $193.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $185.54.

Institutional Trading of Chart Industries

Large investors have recently modified their holdings of the business. Capital World Investors grew its position in Chart Industries by 0.4% in the fourth quarter. Capital World Investors now owns 4,986,531 shares of the industrial products company’s stock worth $679,814,000 after acquiring an additional 17,450 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Chart Industries by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company’s stock worth $693,243,000 after purchasing an additional 45,137 shares in the last quarter. Bamco Inc. NY raised its holdings in shares of Chart Industries by 2.2% during the 1st quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company’s stock valued at $192,725,000 after buying an additional 25,000 shares in the last quarter. King Luther Capital Management Corp lifted its position in Chart Industries by 6.3% in the 2nd quarter. King Luther Capital Management Corp now owns 1,002,758 shares of the industrial products company’s stock worth $144,738,000 after buying an additional 59,322 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Chart Industries by 10.7% during the second quarter. Principal Financial Group Inc. now owns 770,465 shares of the industrial products company’s stock valued at $111,209,000 after acquiring an additional 74,519 shares during the last quarter.

Chart Industries Company Profile

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.