Chart Industries (NYSE:GTLS) Sets New 12-Month High – What’s Next?

Shares of Chart Industries, Inc. (NYSE:GTLS) reached a new 52-week high on Monday . The stock traded as high as $172.19 and last traded at $172.19, with a volume of 280560 shares. The stock had previously closed at $166.59.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Bank of America dropped their price objective on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Barclays dropped their price target on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Craig Hallum boosted their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a report on Monday, November 4th. Wells Fargo & Company dropped their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, Stifel Nicolaus boosted their target price on shares of Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $178.82.

Chart Industries Stock Performance

The company has a market capitalization of $7.38 billion, a P/E ratio of 50.47, a price-to-earnings-growth ratio of 0.87 and a beta of 1.71. The business has a 50 day moving average of $127.05 and a 200 day moving average of $137.42. 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 posted its earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. The firm’s revenue was up 18.3% compared to the same quarter last year. On average, sell-side analysts predict that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

Insiders Place Their Bets

In other Chart Industries news, CEO Jillian C. Evanko bought 440 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were purchased at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the transaction, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Linda S. Harty purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average cost of $48.05 per share, with a total value of $240,250.00. Following the purchase, the director now owns 5,000 shares in the company, valued at approximately $240,250. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jillian C. Evanko acquired 440 shares of Chart Industries stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the transaction, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 7,152 shares of company stock valued at $482,278 in the last three months. Corporate insiders own 0.95% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new stake in Chart Industries during the 1st quarter valued at about $30,000. Ashton Thomas Securities LLC bought a new stake in shares of Chart Industries during the third quarter valued at approximately $34,000. UMB Bank n.a. boosted its holdings in shares of Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 255 shares during the period. Byrne Asset Management LLC purchased a new stake in shares of Chart Industries in the second quarter valued at approximately $40,000. Finally, Ecofi Investissements SA bought a new position in Chart Industries in the second quarter worth approximately $50,000.

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.