Chart Industries (NYSE:GTLS) Shares Gap Up After Insider Buying Activity

Shares of Chart Industries, Inc. (NYSE:GTLS) gapped up prior to trading on Monday after an insider bought additional shares in the company. The stock had previously closed at $114.98, but opened at $119.20. Chart Industries shares last traded at $115.55, with a volume of 63,230 shares changing hands.

Specifically, Director Linda S. Harty acquired 5,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was purchased at an average price of $48.05 per share, with a total value of $240,250.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $240,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Linda S. Harty acquired 1,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were acquired at an average cost of $113.50 per share, with a total value of $113,500.00. Following the transaction, the director now owns 10,640 shares in the company, valued at $1,207,640. The disclosure for this purchase can be found here. In other Chart Industries news, Director Paul E. Mahoney acquired 500 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average price of $106.55 per share, with a total value of $53,275.00. Following the transaction, the director now directly owns 2,107 shares in the company, valued at approximately $224,500.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GTLS shares. Barclays lowered their target price on shares of Chart Industries from $193.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th. The Goldman Sachs Group decreased their price target on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Wells Fargo & Company decreased their price target on shares of Chart Industries from $179.00 to $151.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target on the stock in a research note on Monday. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $199.00 price target on shares of Chart Industries in a research note on Monday, August 26th. One equities research 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $185.54.

Chart Industries Stock Up 2.3 %

The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28. The stock has a market cap of $5.13 billion, a PE ratio of 120.12, a P/E/G ratio of 0.35 and a beta of 1.70. The business has a 50 day moving average price of $131.67 and a 200 day moving average price of $143.69.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.19 EPS. Equities research analysts expect that Chart Industries, Inc. will post 10.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Chart Industries

Hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Chart Industries in the first quarter valued at approximately $30,000. Cape Investment Advisory Inc. acquired a new stake in Chart Industries during the fourth quarter worth $33,000. Spire Wealth Management increased its stake in Chart Industries by 141.0% during the first quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 117 shares during the last quarter. Rise Advisors LLC increased its stake 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 acquiring an additional 181 shares during the last quarter. Finally, Byrne Asset Management LLC acquired a new stake in Chart Industries during the second quarter worth $40,000.

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.