Gerald F. Vinci Acquires 175 Shares of Chart Industries, Inc. (NYSE:GTLS) Stock

Chart Industries, Inc. (NYSE:GTLS) VP Gerald F. Vinci bought 175 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the completion of the transaction, the vice president now owns 475 shares in the company, valued at approximately $70,247.75. The trade was a 58.33 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Chart Industries Price Performance

Shares of NYSE:GTLS opened at $142.65 on Friday. The business has a 50 day moving average price of $193.53 and a 200 day moving average price of $165.32. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 41.35, a PEG ratio of 0.57 and a beta of 1.87. 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 (NYSE:GTLS) last announced its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the business posted $2.25 EPS. Chart Industries’s revenue was up 9.0% compared to the same quarter last year. Research analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Institutional Trading of Chart Industries

A number of hedge funds have recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Chart Industries in the 4th quarter worth approximately $11,498,000. Neo Ivy Capital Management bought a new stake in shares of Chart Industries in the 4th quarter worth approximately $1,783,000. Hudson Value Partners LLC bought a new stake in shares of Chart Industries in the 4th quarter worth approximately $1,286,000. GTS Securities LLC bought a new stake in shares of Chart Industries in the 4th quarter worth approximately $252,000. Finally, Castleark Management LLC lifted its position in shares of Chart Industries by 53.1% in the 4th quarter. Castleark Management LLC now owns 36,220 shares of the industrial products company’s stock worth $6,912,000 after acquiring an additional 12,560 shares during the period.

Wall Street Analysts Forecast Growth

GTLS has been the topic of several research reports. BTIG Research upped their target price on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Raymond James reiterated a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a research note on Monday, December 2nd. The Goldman Sachs Group upped their price target on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Wells Fargo & Company decreased their price target on Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Finally, Citigroup upped their price target on Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $194.08.

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.