Chart Industries, Inc. (NYSE:GTLS) VP Herbert Hotchkiss Purchases 84 Shares

Chart Industries, Inc. (NYSE:GTLS) VP Herbert Hotchkiss bought 84 shares of Chart Industries stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price of $141.87 per share, for a total transaction of $11,917.08. Following the acquisition, the vice president now directly owns 296 shares of the company’s stock, valued at $41,993.52. The trade was a 39.62 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Chart Industries Stock Down 0.4 %

Shares of GTLS traded down $0.54 during trading on Tuesday, reaching $141.45. The company’s stock had a trading volume of 82,570 shares, compared to its average volume of 726,656. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 41.19, a P/E/G 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. The company has a fifty day moving average of $195.29 and a two-hundred day moving average of $165.29. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.20 by ($0.54). The company had revenue of $1.11 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company earned $2.25 earnings per share. On average, sell-side analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Chart Industries

Large investors have recently modified their holdings of the stock. Capital Analysts LLC bought a new stake in Chart Industries in the fourth quarter valued at about $25,000. Smartleaf Asset Management LLC boosted its holdings in Chart Industries by 129.6% in 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. Fairway Wealth LLC bought a new stake in Chart Industries during the fourth quarter valued at $34,000. Blue Trust Inc. increased its stake in Chart Industries by 56.0% during the fourth 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. Finally, Spire Wealth Management raised its holdings in shares of 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 purchasing an additional 125 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GTLS. The Goldman Sachs Group lifted their price objective on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Barclays lifted their price target on shares of 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 increased their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Citigroup raised their target price on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, BTIG Research upped their price target on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Three equities research 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. Based on data from MarketBeat, the company currently has a consensus 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.