Chart Industries (NYSE:GTLS) Reaches New 52-Week High – What’s Next?

Shares of Chart Industries, Inc. (NYSE:GTLS) reached a new 52-week high on Tuesday . The company traded as high as $209.30 and last traded at $209.2110, with a volume of 589993 shares. The stock had previously closed at $208.73.

Analyst Ratings Changes

GTLS has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research note on Wednesday, June 24th. Wall Street Zen raised shares of Chart Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Finally, Zacks Research lowered shares of Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Eleven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $201.80.

Chart Industries Stock Performance

The company’s 50 day moving average price is $207.77 and its 200-day moving average price is $207.30. The stock has a market cap of $10.01 billion, a P/E ratio of -201.16, a price-to-earnings-growth ratio of 1.23 and a beta of 1.53. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.21 and a current ratio of 1.53.

Institutional Investors Weigh In On Chart Industries

Several large investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Chart Industries during the fourth quarter worth $237,827,000. Balyasny Asset Management L.P. raised its stake in shares of Chart Industries by 2,251.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,018,831 shares of the industrial products company’s stock valued at $203,919,000 after purchasing an additional 975,501 shares during the period. Millennium Management LLC lifted its holdings in Chart Industries by 94.9% during the 4th quarter. Millennium Management LLC now owns 1,586,588 shares of the industrial products company’s stock worth $327,202,000 after purchasing an additional 772,723 shares in the last quarter. Kryger Capital LLC purchased a new position in Chart Industries during the 1st quarter valued at about $113,737,000. Finally, UBS Group AG increased its position in shares of Chart Industries by 76.9% during the fourth quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock valued at $243,550,000 after buying an additional 513,195 shares during the period.

Chart Industries Company Profile

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.