Chart Industries, Inc. (NYSE:GTLS) Director Acquires $70,425.00 in Stock

Chart Industries, Inc. (NYSE:GTLS) Director Linda S. Harty bought 500 shares of the stock in a transaction on Monday, March 10th. The stock was purchased at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the purchase, the director now directly owns 11,684 shares in the company, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Chart Industries Stock Performance

Chart Industries stock opened at $145.84 on Thursday. The firm has a fifty day simple moving average of $193.53 and a two-hundred day simple moving average of $165.32. 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, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The company has a market capitalization of $6.66 billion, a PE ratio of 42.27, a P/E/G ratio of 0.57 and a beta of 1.87.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing the consensus estimate of $3.20 by ($0.54). The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.25 earnings per share. Research analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Capital Analysts LLC purchased a new stake in Chart Industries during the 4th quarter valued at $25,000. Smartleaf Asset Management LLC boosted its holdings in shares of Chart Industries by 129.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 92 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Chart Industries in the third quarter worth about $34,000. Fairway Wealth LLC purchased a new position in Chart Industries during the 4th quarter valued at about $34,000. Finally, Blue Trust Inc. raised its position in Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 65 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GTLS. The Goldman Sachs Group increased their price objective on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. BTIG Research raised their price target on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Stifel Nicolaus boosted their price objective on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. TD Cowen raised their target price on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Finally, Citigroup boosted their price target on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $194.08.

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.