Linda S. Harty Buys 500 Shares of Chart Industries, Inc. (NYSE:GTLS) 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, with a total value of $70,425.00. Following the completion of the acquisition, the director now directly owns 11,684 shares in the company, valued at approximately $1,645,691.40. This trade represents a 4.47 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Chart Industries Stock Performance

Shares of NYSE:GTLS traded up $2.81 during trading on Wednesday, hitting $150.38. 43,301 shares of the stock traded hands, compared to its average volume of 726,848. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The company has a fifty day moving average price of $194.43 and a two-hundred day moving average price of $165.46. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The company has a market cap of $6.87 billion, a price-to-earnings ratio of 43.36, a P/E/G ratio of 0.57 and a beta of 1.87.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The firm had revenue of $1.11 billion during 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 firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.25 EPS. As a group, equities analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GTLS. Citigroup increased their target price on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. The Goldman Sachs Group lifted their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Barclays increased their target price on Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. Stifel Nicolaus boosted their price target on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Finally, Raymond James reiterated a “strong-buy” rating and issued a $190.00 target price on shares of Chart Industries in a research note on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $194.08.

Hedge Funds Weigh In On Chart Industries

A number of hedge funds have recently bought and sold shares of GTLS. Capital Analysts LLC purchased a new stake in shares of Chart Industries in the fourth quarter valued at approximately $25,000. Smartleaf Asset Management LLC grew its stake in Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 92 shares during the period. Fairway Wealth LLC purchased a new stake in Chart Industries in the 4th quarter worth $34,000. Blue Trust Inc. raised its position in Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 65 shares during the period. Finally, Spire Wealth Management raised its position in Chart Industries by 183.8% during the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 125 shares during the period.

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.