Chart Industries, Inc. (NYSE:GTLS) VP Herbert Hotchkiss Purchases 84 Shares

Chart Industries, Inc. (NYSE:GTLS) VP Herbert Hotchkiss bought 84 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of $141.87 per share, for a total transaction of $11,917.08. Following the completion of the transaction, the vice president now directly owns 296 shares of the company’s stock, valued at $41,993.52. This trade represents a 39.62 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Chart Industries Stock Performance

Shares of GTLS stock opened at $147.72 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The stock’s 50-day moving average is $194.43 and its two-hundred day moving average is $165.46. The firm has a market cap of $6.75 billion, a P/E ratio of 42.82, a PEG ratio of 0.57 and a beta of 1.87.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.20 by ($0.54). The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.25 EPS. Analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Institutional Trading of Chart Industries

Several large investors have recently made changes to their positions in GTLS. Wolf Hill Capital Management LP bought a new stake in Chart Industries during the 4th quarter valued at approximately $101,121,000. Norges Bank bought a new stake in Chart Industries during the 4th quarter valued at approximately $88,609,000. Dimensional Fund Advisors LP boosted its stake in Chart Industries by 37.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company’s stock valued at $203,178,000 after purchasing an additional 291,520 shares during the period. Wellington Management Group LLP boosted its stake in Chart Industries by 90.9% during the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after purchasing an additional 262,592 shares during the period. Finally, Keybank National Association OH boosted its stake in Chart Industries by 10,372.6% during the 4th quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company’s stock valued at $47,087,000 after purchasing an additional 244,378 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group boosted 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. BTIG Research upped their price target on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Raymond James reissued a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Stifel Nicolaus upped their price target on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Finally, Citigroup upped their price target on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.08.

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.