Chart Industries, Inc. (NYSE:GTLS) Director Acquires $70,425.00 in Stock

Chart Industries, Inc. (NYSE:GTLS) Director Linda S. Harty acquired 500 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were acquired at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the purchase, the director now owns 11,684 shares of the company’s stock, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Chart Industries Trading Down 2.3 %

NYSE:GTLS opened at $142.65 on Friday. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The firm has a fifty day simple moving average of $193.53 and a 200-day simple moving average of $165.32. 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 company has a market capitalization of $6.52 billion, a P/E ratio of 41.35, a PEG ratio of 0.57 and a beta of 1.87.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm posted $2.25 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GTLS. Citigroup increased their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Raymond James reissued a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a research report on Monday, December 2nd. TD Cowen raised their target price on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Stifel Nicolaus raised their target price on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Finally, The Goldman Sachs Group raised their target price on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Chart Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.08.

Institutional Investors Weigh In On Chart Industries

Institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Analysts LLC acquired a new position in Chart Industries during the fourth quarter valued at $25,000. Smartleaf Asset Management LLC lifted its position in Chart Industries by 129.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 92 shares during the period. Fairway Wealth LLC acquired a new position in Chart Industries during the fourth quarter valued at $34,000. Blue Trust Inc. lifted its position in Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 65 shares during the period. Finally, Spire Wealth Management lifted its position in Chart Industries by 183.8% during the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 125 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.