Linda S. Harty Purchases 500 Shares of Chart Industries, Inc. (NYSE:GTLS) Stock

Chart Industries, Inc. (NYSE:GTLS) Director Linda S. Harty acquired 500 shares of the business’s stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $140.85 per share, with a total value of $70,425.00. Following the completion of the purchase, the director now owns 11,684 shares in the company, valued at $1,645,691.40. This represents a 4.47 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Chart Industries Trading Up 1.9 %

Shares of Chart Industries stock traded up $2.81 during mid-day trading on Wednesday, hitting $150.38. The stock had a trading volume of 43,301 shares, compared to its average volume of 726,848. The firm has a market cap of $6.87 billion, a P/E ratio of 43.36, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The firm has a 50-day moving average of $194.43 and a two-hundred day moving average of $165.46. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Capital Analysts LLC acquired a new stake in shares of Chart Industries during the fourth quarter valued at about $25,000. Smartleaf Asset Management LLC increased 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 purchasing an additional 92 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Chart Industries during the third quarter worth $34,000. Fairway Wealth LLC purchased a new position in shares of Chart Industries during the fourth quarter worth $34,000. Finally, Blue Trust Inc. raised its holdings in shares of Chart Industries by 56.0% in the 4th 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 during the period.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Stifel Nicolaus lifted their target price on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Raymond James reaffirmed a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. BTIG Research raised their price target 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. Finally, Citigroup raised their price target on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $194.08.

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.