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

Chart Industries, Inc. (NYSE:GTLS)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $204.37 and last traded at $203.00, with a volume of 147463 shares traded. The stock had previously closed at $198.96.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GTLS. Barclays cut their target price on shares of 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. Stifel Nicolaus upped their target price on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. The Goldman Sachs Group increased their target price on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Bank of America dropped their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Morgan Stanley upgraded 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 equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $188.75.

Chart Industries Trading Up 0.8 %

The stock has a market cap of $8.63 billion, a PE ratio of 58.45, a price-to-earnings-growth ratio of 1.01 and a beta of 1.84. The firm has a 50-day moving average price of $181.04 and a 200-day moving average price of $148.26. 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 issued its 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 firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the firm posted $1.28 earnings per share. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. As a group, equities analysts anticipate that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Chart Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GTLS. Michael S. Ryan Inc. purchased a new position in shares of Chart Industries in the fourth quarter worth $219,000. Everence Capital Management Inc. bought a new stake in Chart Industries in the 4th quarter worth about $260,000. GAMMA Investing LLC raised its position in Chart Industries by 74.0% in the 4th quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company’s stock worth $111,000 after buying an additional 247 shares during the last quarter. Principal Financial Group Inc. raised its position in Chart Industries by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock worth $99,673,000 after buying an additional 32,442 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in Chart Industries by 248.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock valued at $2,744,000 after acquiring an additional 15,862 shares during the period.

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.