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

Chart Industries, Inc. (NYSE:GTLS)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $201.04 and last traded at $200.51, with a volume of 82999 shares changing hands. The stock had previously closed at $192.08.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GTLS shares. Bank of America dropped their price objective on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Stifel Nicolaus raised their price objective on Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a research note on Monday, September 16th. Raymond James reaffirmed a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a report on Monday, December 2nd. Finally, Wells Fargo & Company lowered their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $178.82.

Chart Industries Trading Up 0.7 %

The company has a market capitalization of $8.28 billion, a PE ratio of 55.68, a price-to-earnings-growth ratio of 0.98 and a beta of 1.86. The company has a 50 day simple moving average of $153.36 and a 200 day simple moving average of $141.68. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

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 business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the firm earned $1.28 EPS. Chart Industries’s revenue for the quarter was up 18.3% compared to the same quarter last year. Analysts anticipate that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

Insider Activity

In other news, Director Linda S. Harty acquired 5,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were purchased at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $240,250. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders have acquired 6,212 shares of company stock worth $378,707. 0.95% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chart Industries

A number of institutional investors and hedge funds have recently modified their holdings of GTLS. Ashton Thomas Securities LLC acquired a new stake in shares of Chart Industries during the third quarter valued at $34,000. UMB Bank n.a. raised its holdings in shares of Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 255 shares during the period. Byrne Asset Management LLC acquired a new position in Chart Industries during the second quarter valued at approximately $40,000. Ecofi Investissements SA purchased a new stake in Chart Industries during the 2nd quarter worth $50,000. Finally, Mendota Financial Group LLC boosted its holdings in Chart Industries by 46.2% in the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 203 shares during the period.

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.