Chart Industries (NYSE:GTLS) Reaches New 12-Month High – Should You Buy?

Chart Industries, Inc. (NYSE:GTLS) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $176.49 and last traded at $175.96, with a volume of 225792 shares. The stock had previously closed at $168.62.

Analysts Set New Price Targets

Several equities analysts have weighed in on GTLS shares. Wells Fargo & Company dropped their target price on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Craig Hallum raised their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Stifel Nicolaus upped their target price on shares of Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Barclays decreased their price target on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Finally, Bank of America cut 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. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Chart Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.82.

Chart Industries Price Performance

The company has a market capitalization of $7.87 billion, a PE ratio of 53.28, a P/E/G ratio of 0.90 and a beta of 1.71. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The stock has a fifty day simple moving average of $136.66 and a 200-day simple moving average of $138.82.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. Chart Industries’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 EPS. Equities analysts anticipate that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

Insider Transactions at Chart Industries

In other Chart Industries news, Director Paul E. Mahoney acquired 500 shares of the stock in a transaction on Wednesday, September 11th. The shares were bought at an average price of $106.55 per share, with a total value of $53,275.00. Following the acquisition, the director now owns 2,107 shares of the company’s stock, valued at $224,500.85. This trade represents a 31.11 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jillian C. Evanko acquired 440 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average price of $114.31 per share, with a total value of $50,296.40. Following the transaction, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This represents a 0.35 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 7,152 shares of company stock worth $482,278. Company insiders own 0.95% of the company’s stock.

Hedge Funds Weigh In On Chart Industries

A number of institutional investors and hedge funds have recently made changes to their positions in GTLS. Dimensional Fund Advisors LP boosted its holdings in Chart Industries by 504.7% during the second quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company’s stock worth $66,896,000 after buying an additional 386,821 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Chart Industries by 323.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 416,150 shares of the industrial products company’s stock worth $60,067,000 after acquiring an additional 317,775 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Chart Industries by 90.9% during the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock worth $68,461,000 after acquiring an additional 262,592 shares in the last quarter. Boston Partners acquired a new stake in shares of Chart Industries in the 1st quarter worth approximately $30,755,000. Finally, Driehaus Capital Management LLC increased its stake in Chart Industries by 385.3% in the 2nd quarter. Driehaus Capital Management LLC now owns 197,197 shares of the industrial products company’s stock valued at $28,463,000 after purchasing an additional 156,562 shares in the last quarter.

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.