Chart Industries (NYSE:GTLS) Hits New 52-Week High – Time to Buy?

Shares of Chart Industries, Inc. (NYSE:GTLS) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $195.86 and last traded at $194.67, with a volume of 164730 shares trading hands. The stock had previously closed at $190.60.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GTLS. Craig Hallum boosted their target price on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Stifel Nicolaus increased their target price on Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price on the stock in a research report on Monday, September 16th. Barclays decreased their price target on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Finally, The Goldman Sachs Group decreased their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $178.82.

Chart Industries Trading Up 1.9 %

The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The firm has a market cap of $8.31 billion, a P/E ratio of 56.15, a price-to-earnings-growth ratio of 0.97 and a beta of 1.71. The business’s fifty day moving average is $139.52 and its 200-day moving average is $139.06.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the business earned $1.28 earnings per share. Chart Industries’s revenue was up 18.3% compared to the same quarter last year. Analysts predict that Chart Industries, Inc. will post 9.03 EPS for the current year.

Insider Transactions at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost of $114.31 per share, with a total value of $50,296.40. Following the completion of the transaction, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. The trade was a 0.35 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Linda S. Harty purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $240,250. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 7,152 shares of company stock valued at $482,278 over the last three months. Corporate insiders own 0.95% of the company’s stock.

Institutional Investors Weigh In On Chart Industries

A number of hedge funds have recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in Chart Industries in the third quarter worth about $251,000. Teachers Retirement System of The State of Kentucky increased its position in Chart Industries by 7.7% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 30,785 shares of the industrial products company’s stock worth $3,822,000 after buying an additional 2,211 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Chart Industries by 2.0% in the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock valued at $123,318,000 after buying an additional 19,534 shares during the period. Bullseye Asset Management LLC purchased a new position in shares of Chart Industries during the 3rd quarter valued at $270,000. Finally, M&T Bank Corp bought a new position in shares of Chart Industries during the 3rd quarter worth $231,000.

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.