Chart Industries, Inc. (NYSE:GTLS) Director Acquires $53,275.00 in Stock

Chart Industries, Inc. (NYSE:GTLS) Director Paul E. Mahoney bought 500 shares of Chart Industries stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the purchase, the director now directly owns 2,107 shares in the company, valued at approximately $224,500.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Chart Industries Trading Up 3.0 %

GTLS opened at $114.98 on Friday. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $177.21. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 114.98, a price-to-earnings-growth ratio of 0.35 and a beta of 1.70. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $132.10 and a 200 day simple moving average of $143.81.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company earned $1.19 EPS. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Chart Industries, Inc. will post 10.57 earnings per share for the current year.

Hedge Funds Weigh In On Chart Industries

Several institutional investors have recently modified their holdings of GTLS. Capital World Investors raised its stake in Chart Industries by 0.4% during the 4th quarter. Capital World Investors now owns 4,986,531 shares of the industrial products company’s stock worth $679,814,000 after buying an additional 17,450 shares during the period. Vanguard Group Inc. increased its holdings in shares of Chart Industries by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company’s stock worth $693,243,000 after acquiring an additional 45,137 shares in the last quarter. Bamco Inc. NY raised its position in shares of Chart Industries by 2.2% during the first quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company’s stock worth $192,725,000 after purchasing an additional 25,000 shares during the period. King Luther Capital Management Corp lifted its holdings in shares of Chart Industries by 6.3% during the 2nd quarter. King Luther Capital Management Corp now owns 1,002,758 shares of the industrial products company’s stock valued at $144,738,000 after purchasing an additional 59,322 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Chart Industries by 10.7% in the 2nd quarter. Principal Financial Group Inc. now owns 770,465 shares of the industrial products company’s stock valued at $111,209,000 after purchasing an additional 74,519 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have commented on GTLS shares. The Goldman Sachs Group reduced their price target on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Craig Hallum dropped their price target on Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a report on Monday, August 5th. Wells Fargo & Company reduced their price objective on Chart Industries from $179.00 to $151.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Bank of America raised their target price on Chart Industries from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, Barclays reduced their price target on shares of Chart Industries from $193.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.46.

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.