Gerald F. Vinci Purchases 175 Shares of Chart Industries, Inc. (NYSE:GTLS) Stock

Chart Industries, Inc. (NYSE:GTLS) VP Gerald F. Vinci bought 175 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the completion of the acquisition, the vice president now owns 475 shares of the company’s stock, valued at $70,247.75. The trade was a 58.33 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Chart Industries Stock Performance

NYSE GTLS traded down $1.73 on Wednesday, reaching $145.84. The stock had a trading volume of 674,404 shares, compared to its average volume of 738,271. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The company has a market cap of $6.66 billion, a P/E ratio of 42.27, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The firm has a fifty day moving average of $194.43 and a two-hundred day moving average of $165.46.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company posted $2.25 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. On average, equities research analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

Wall Street Analysts Forecast Growth

GTLS has been the topic of several recent analyst reports. Wells Fargo & Company lowered their price objective on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. TD Cowen boosted their price target on Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Stifel Nicolaus upped their price objective on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Raymond James reiterated a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a research note on Monday, December 2nd. Finally, The Goldman Sachs Group boosted their target price on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $194.08.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Capital Analysts LLC acquired a new stake in Chart Industries during the fourth quarter worth approximately $25,000. Smartleaf Asset Management LLC raised its holdings in Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 92 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Chart Industries during the 3rd quarter valued at $34,000. Fairway Wealth LLC acquired a new stake in shares of Chart Industries during the 4th quarter worth $34,000. Finally, Blue Trust Inc. increased its position 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 worth $35,000 after purchasing an additional 65 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.