Chart Industries (NYSE:GTLS) Sets New 1-Year High – Here’s Why

Chart Industries, Inc. (NYSE:GTLS)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $195.86 and last traded at $194.67, with a volume of 164730 shares changing hands. The stock had previously closed at $190.60.

Analyst Upgrades and Downgrades

GTLS has been the topic of several research reports. 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 report on Monday, November 4th. Stifel Nicolaus upped their target price on Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a report on Monday, November 4th. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price on the stock in a report on Monday, September 16th. The Goldman Sachs Group lowered their target price on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Finally, Craig Hallum upped their price objective on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $178.82.

Chart Industries Trading Up 2.6 %

The business has a fifty day moving average price of $141.00 and a 200 day moving average price of $139.46. The company has a market capitalization of $8.37 billion, a PE ratio of 56.70, a P/E/G ratio of 0.97 and a beta of 1.71. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.28 earnings per share. Analysts expect that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.

Insider Activity

In other Chart Industries news, Director Paul E. Mahoney acquired 500 shares of the stock in a transaction on Wednesday, September 11th. The stock was purchased at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the purchase, the director now directly owns 2,107 shares in the company, valued at $224,500.85. This trade represents a 31.11 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Linda S. Harty acquired 5,000 shares of the stock in a transaction on Monday, September 16th. The shares were acquired at an average price of $48.05 per share, with a total value of $240,250.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $240,250. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 7,152 shares of company stock worth $482,278. 0.95% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Chart Industries

Hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. lifted its holdings in Chart Industries by 37.9% during the 1st quarter. Advisors Asset Management Inc. now owns 571 shares of the industrial products company’s stock worth $94,000 after buying an additional 157 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Chart Industries by 5.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,321 shares of the industrial products company’s stock worth $5,324,000 after buying an additional 1,627 shares during the last quarter. Tidal Investments LLC lifted its holdings in Chart Industries by 18.1% during the 1st quarter. Tidal Investments LLC now owns 4,906 shares of the industrial products company’s stock worth $808,000 after buying an additional 752 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in Chart Industries by 6.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 28,574 shares of the industrial products company’s stock worth $4,707,000 after buying an additional 1,753 shares during the last quarter. Finally, Boston Partners bought a new position in Chart Industries during the 1st quarter worth approximately $30,755,000.

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.