Linda S. Harty Acquires 5,000 Shares of Chart Industries, Inc. (NYSE:GTLS) Stock

Chart Industries, Inc. (NYSE:GTLS) Director Linda S. Harty purchased 5,000 shares of Chart Industries stock in a transaction dated Monday, September 16th. The shares were acquired at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $240,250. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Chart Industries Price Performance

Shares of GTLS opened at $119.97 on Wednesday. The business’s 50-day moving average is $131.67 and its two-hundred day moving average is $143.69. The company has a market capitalization of $5.13 billion, a P/E ratio of 119.97, a P/E/G ratio of 0.35 and a beta of 1.70. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $176.85. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.98 and a current ratio of 1.27.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.57 by ($0.39). Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the business earned $1.19 earnings per share. The firm’s revenue was up 14.5% on a year-over-year basis. Research analysts predict that Chart Industries, Inc. will post 10.57 earnings per share for the current year.

Wall Street Analyst Weigh In

GTLS has been the topic of several research analyst reports. Craig Hallum dropped their target price on Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a report on Monday. Bank of America lifted their target price on shares of Chart Industries from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Stifel Nicolaus restated a “buy” rating and set a $199.00 price target on shares of Chart Industries in a research note on Monday, August 26th. Finally, Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, three have given 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.54.

Hedge Funds Weigh In On Chart Industries

Several large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in Chart Industries in the first quarter valued at $30,000. Spire Wealth Management increased its stake in shares of Chart Industries by 141.0% in the 1st quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 117 shares in the last quarter. Cape Investment Advisory Inc. acquired a new position in Chart Industries in the 4th quarter worth about $33,000. Rise Advisors LLC boosted its position in Chart Industries by 905.0% during the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 181 shares in the last quarter. Finally, Byrne Asset Management LLC purchased a new stake in shares of Chart Industries in the second quarter valued at approximately $40,000.

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.