Chart Industries (NYSE:GTLS) Sets New 1-Year High – Should You Buy?

Chart Industries, Inc. (NYSE:GTLS) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $201.04 and last traded at $200.51, with a volume of 82999 shares changing hands. The stock had previously closed at $192.08.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GTLS. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a research report on Monday, September 16th. Raymond James reissued a “strong-buy” rating and issued a $190.00 price target on shares of Chart Industries in a research note on Monday, December 2nd. Stifel Nicolaus raised their price objective on shares of Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Barclays dropped their target price on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Finally, Wells Fargo & Company reduced their price target on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Chart Industries has a consensus rating of “Moderate Buy” and a consensus target price of $178.82.

Chart Industries Stock Performance

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’s 50-day moving average is $156.48 and its two-hundred day moving average is $142.46. The firm has a market cap of $8.48 billion, a P/E ratio of 57.40, a PEG ratio of 1.01 and a beta of 1.86.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 EPS. As a group, equities analysts predict that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.

Insider Transactions at Chart Industries

In other Chart Industries news, Director Linda S. Harty acquired 5,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were acquired at an average price of $48.05 per share, with a total value of $240,250.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $240,250. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.95% of the company’s stock.

Institutional Investors Weigh In On Chart Industries

Hedge funds have recently made changes to their positions in the business. Retirement Systems of Alabama grew its position in Chart Industries by 0.9% during the third quarter. Retirement Systems of Alabama now owns 114,841 shares of the industrial products company’s stock valued at $14,256,000 after buying an additional 996 shares during the period. Virtu Financial LLC bought a new position in shares of Chart Industries during the 3rd quarter valued at approximately $251,000. Teachers Retirement System of The State of Kentucky increased its stake in shares of Chart Industries by 7.7% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 30,785 shares of the industrial products company’s stock worth $3,822,000 after purchasing an additional 2,211 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Chart Industries by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock worth $123,318,000 after purchasing an additional 19,534 shares during the period. Finally, Bullseye Asset Management LLC purchased a new position in Chart Industries in the third quarter valued at approximately $270,000.

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.