Chart Industries, Inc. (NYSE:GTLS) Director Linda S. Harty Acquires 500 Shares

Chart Industries, Inc. (NYSE:GTLS) Director Linda S. Harty purchased 500 shares of the business’s stock in a transaction on Monday, March 10th. The shares were bought at an average price of $140.85 per share, with a total value of $70,425.00. Following the purchase, the director now directly owns 11,684 shares in the company, valued at approximately $1,645,691.40. The trade was a 4.47 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Chart Industries Trading Down 1.2 %

NYSE:GTLS opened at $145.84 on Thursday. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The firm’s 50 day moving average is $193.53 and its 200 day moving average is $165.32. The stock has a market capitalization of $6.66 billion, a PE ratio of 42.27, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87.

Chart Industries (NYSE:GTLS) last issued its quarterly 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). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the company earned $2.25 EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. Sell-side analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Wall Street Analyst Weigh In

GTLS has been the topic of several analyst reports. Citigroup lifted their target price on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Stifel Nicolaus lifted their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. BTIG Research increased their target price on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. The Goldman Sachs Group boosted their price target on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Finally, Barclays increased their price objective on shares of Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Chart Industries has a consensus rating of “Moderate Buy” and a consensus price target of $194.08.

Hedge Funds Weigh In On Chart Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Chart Industries during the 4th quarter valued at approximately $11,498,000. Neo Ivy Capital Management purchased a new stake in shares of Chart Industries during the fourth quarter worth $1,783,000. Hudson Value Partners LLC purchased a new stake in shares of Chart Industries during the fourth quarter worth $1,286,000. GTS Securities LLC bought a new position in shares of Chart Industries in the fourth quarter worth $252,000. Finally, Castleark Management LLC grew its position in shares of Chart Industries by 53.1% in the fourth quarter. Castleark Management LLC now owns 36,220 shares of the industrial products company’s stock valued at $6,912,000 after purchasing an additional 12,560 shares in the last quarter.

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.