Insider Buying: Chart Industries, Inc. (NYSE:GTLS) VP Acquires 212 Shares of Stock

Chart Industries, Inc. (NYSE:GTLS) VP Herbert Hotchkiss purchased 212 shares of Chart Industries stock in a transaction dated Monday, September 16th. The shares were purchased at an average cost of $117.72 per share, for a total transaction of $24,956.64. Following the completion of the transaction, the vice president now owns 212 shares of the company’s stock, valued at $24,956.64. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Chart Industries Stock Up 2.2 %

Shares of NYSE:GTLS traded up $2.50 during midday trading on Monday, reaching $117.48. The company had a trading volume of 760,688 shares, compared to its average volume of 607,763. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $176.85. The stock has a market cap of $5.03 billion, a PE ratio of 115.59, a P/E/G ratio of 0.35 and a beta of 1.70. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28. The business’s 50 day moving average price is $132.10 and its 200 day moving average price is $143.87.

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

Analyst Ratings Changes

A number of research analysts have issued reports on GTLS shares. Evercore ISI raised Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Wells Fargo & Company lowered their target price on Chart Industries from $179.00 to $151.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $199.00 price target on shares of Chart Industries in a research note on Monday, August 26th. The Goldman Sachs Group lowered their price objective on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Finally, Craig Hallum cut their price objective on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $185.54.

Institutional Investors Weigh In On Chart Industries

Several hedge funds have recently added to or reduced their stakes in GTLS. Allspring Global Investments Holdings LLC bought a new position in shares of Chart Industries in the first quarter valued at about $30,000. Spire Wealth Management grew its holdings in Chart Industries by 141.0% in the 1st quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock valued at $33,000 after buying an additional 117 shares in the last quarter. Cape Investment Advisory Inc. acquired a new position in shares of Chart Industries in the fourth quarter valued at about $33,000. Rise Advisors LLC increased its position in Chart Industries by 905.0% during the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 181 shares during the period. Finally, Byrne Asset Management LLC acquired a new stake in Chart Industries in the 2nd quarter worth about $40,000.

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.