Chart Industries (NYSE:GTLS) Reaches New 12-Month High – Here’s What Happened

Shares of Chart Industries, Inc. (NYSE:GTLS) hit a new 52-week high during trading on Thursday . The company traded as high as $176.49 and last traded at $175.96, with a volume of 225792 shares. The stock had previously closed at $168.62.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Barclays lowered their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Wells Fargo & Company dropped their price objective on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. 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 report on Monday, November 4th. Finally, Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target on the stock 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 issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $178.82.

Chart Industries Trading Up 4.6 %

The firm has a market cap of $7.55 billion, a P/E ratio of 48.86, a P/E/G ratio of 0.87 and a beta of 1.71. The business’s 50-day moving average is $133.99 and its two-hundred day moving average is $138.38. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

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

Insider Transactions at Chart Industries

In related news, CEO Jillian C. Evanko acquired 440 shares of Chart Industries stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average price of $114.31 per share, with a total value of $50,296.40. Following the completion of the acquisition, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This trade represents a 0.35 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linda S. Harty bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was bought at an average price of $48.05 per share, with a total value of $240,250.00. Following the transaction, the director now directly 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 bought 7,152 shares of company stock worth $482,278. Insiders own 0.95% of the company’s stock.

Institutional Trading of Chart Industries

Institutional investors have recently made changes to their positions in the stock. EFG Asset Management North America Corp. increased its stake in shares of Chart Industries by 0.5% during the second quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company’s stock valued at $1,916,000 after acquiring an additional 63 shares during the period. MML Investors Services LLC increased its position in shares of Chart Industries by 3.3% during the 3rd quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock valued at $245,000 after purchasing an additional 63 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of Chart Industries by 3.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock valued at $270,000 after purchasing an additional 64 shares during the period. Arizona State Retirement System raised its stake in shares of Chart Industries by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 11,836 shares of the industrial products company’s stock worth $1,708,000 after buying an additional 87 shares in the last quarter. Finally, Aristeia Capital L.L.C. lifted its holdings in shares of Chart Industries by 3.7% in the second quarter. Aristeia Capital L.L.C. now owns 2,611 shares of the industrial products company’s stock valued at $377,000 after buying an additional 92 shares during the period.

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.