Gerald F. Vinci Buys 175 Shares of Chart Industries, Inc. (NYSE:GTLS) Stock

Chart Industries, Inc. (NYSE:GTLS) VP Gerald F. Vinci bought 175 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the acquisition, the vice president now directly owns 475 shares of the company’s stock, valued at $70,247.75. The trade was a 58.33 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Chart Industries Price Performance

Shares of NYSE:GTLS opened at $149.06 on Friday. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The company has a 50-day moving average price of $191.59 and a 200 day moving average price of $165.32. The company has a market cap of $6.81 billion, a P/E ratio of 43.20, a PEG ratio of 0.57 and a beta of 1.87. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results 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 net margin of 4.30% and a return on equity of 13.25%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the business earned $2.25 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. Research analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Hedge Funds Weigh In On Chart Industries

A number of institutional investors and hedge funds have recently made changes to their positions in GTLS. Wolf Hill Capital Management LP acquired a new stake in shares of Chart Industries in the fourth quarter valued at about $101,121,000. Norges Bank acquired a new stake in shares of Chart Industries during the 4th quarter valued at approximately $88,609,000. Dimensional Fund Advisors LP lifted its position in shares of 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 acquiring an additional 291,520 shares during the period. Wellington Management Group LLP boosted its stake in shares of 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 worth $68,461,000 after acquiring an additional 262,592 shares in the last quarter. Finally, Keybank National Association OH grew its holdings in shares of Chart Industries by 10,372.6% in the 4th quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company’s stock worth $47,087,000 after acquiring an additional 244,378 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. TD Cowen raised their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Barclays boosted their price target on shares of Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. Stifel Nicolaus lifted their target price on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Wells Fargo & Company decreased their target price on Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Finally, BTIG Research lifted their price target on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Three equities research 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $194.08.

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.