Chart Industries, Inc. (NYSE:GTLS) VP Buys $25,880.75 in Stock

Chart Industries, Inc. (NYSE:GTLS) VP Gerald F. Vinci purchased 175 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the completion of the purchase, the vice president now owns 475 shares of the company’s stock, valued at approximately $70,247.75. This trade represents a 58.33 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $145.84 on Thursday. The firm’s fifty day simple moving average is $193.53 and its 200-day simple moving average is $165.32. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 0.57 and a beta of 1.87. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The business 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%. Chart Industries’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business posted $2.25 EPS. As a group, equities analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

GTLS has been the subject of a number of research reports. Barclays increased their target price 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. The Goldman Sachs Group increased their price objective on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. BTIG Research boosted their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. TD Cowen raised their price target on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Finally, Stifel Nicolaus raised their price target on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Chart Industries presently has a consensus rating of “Moderate Buy” and an average target price of $194.08.

Hedge Funds Weigh In On Chart Industries

A number of institutional investors have recently modified their holdings of GTLS. Capital Analysts LLC acquired a new position in shares of Chart Industries during the 4th quarter valued at about $25,000. Smartleaf Asset Management LLC raised its position 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 valued at $31,000 after purchasing an additional 92 shares during the period. Fairway Wealth LLC purchased a new stake in shares of Chart Industries in the fourth quarter worth about $34,000. Blue Trust Inc. grew its stake in shares of Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after buying an additional 65 shares in the last quarter. Finally, Spire Wealth Management raised its holdings in shares of Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock valued at $37,000 after buying an additional 125 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.