Chart Industries (NYSE:GTLS) Sets New 52-Week High – Time to Buy?

Chart Industries, Inc. (NYSE:GTLS)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $172.19 and last traded at $172.19, with a volume of 280560 shares trading hands. The stock had previously closed at $166.59.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Barclays lowered their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. The Goldman Sachs Group dropped their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Stifel Nicolaus raised their price target on shares of Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Wells Fargo & Company lowered their price target on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a report on Monday, September 16th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Chart Industries currently has an average rating of “Moderate Buy” and an average price target of $178.82.

Chart Industries Trading Up 1.0 %

The company has a market capitalization of $7.38 billion, a PE ratio of 50.47, a PEG ratio of 0.87 and a beta of 1.71. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The stock has a fifty day moving average of $127.05 and a two-hundred day moving average of $137.42.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the business earned $1.28 earnings per share. Chart Industries’s revenue was up 18.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Chart Industries

In other Chart Industries news, Director Paul E. Mahoney bought 500 shares of Chart Industries stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average cost of $106.55 per share, with a total value of $53,275.00. Following the completion of the purchase, the director now owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Paul E. Mahoney bought 500 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average cost of $106.55 per share, with a total value 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linda S. Harty purchased 1,000 shares of Chart Industries stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average price of $113.50 per share, for a total transaction of $113,500.00. Following the transaction, the director now directly owns 10,640 shares of the company’s stock, valued at $1,207,640. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 7,152 shares of company stock worth $482,278. 0.95% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Chart Industries

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Chart Industries by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company’s stock worth $693,243,000 after acquiring an additional 45,137 shares in the last quarter. Bamco Inc. NY raised its holdings in Chart Industries by 2.2% in the first quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company’s stock worth $192,725,000 after buying an additional 25,000 shares during the last quarter. King Luther Capital Management Corp lifted its stake in shares of Chart Industries by 2.9% in the third quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock worth $128,100,000 after buying an additional 29,139 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Chart Industries by 4.2% during the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after buying an additional 32,442 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Chart Industries by 2.3% during the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock valued at $73,551,000 after acquiring an additional 13,181 shares in 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.