Chart Industries, Inc. (NYSE:GTLS) Director Linda S. Harty Purchases 5,000 Shares

Chart Industries, Inc. (NYSE:GTLS) Director Linda S. Harty purchased 5,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was bought at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at $240,250. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Chart Industries Trading Up 2.2 %

Shares of NYSE GTLS opened at $117.48 on Tuesday. 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 has a fifty day simple moving average of $131.67 and a two-hundred day simple moving average of $143.69. The firm has a market cap of $5.03 billion, a PE ratio of 117.48, a price-to-earnings-growth ratio of 0.35 and a beta of 1.70. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $176.85.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group cut their price objective on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a research report on Monday. Stifel Nicolaus restated a “buy” rating and set a $199.00 price target on shares of Chart Industries in a research report on Monday, August 26th. Barclays dropped their price target on Chart Industries from $193.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company dropped their price target on Chart Industries from $179.00 to $151.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. 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 issued a strong buy rating to the company. According to data from MarketBeat, Chart Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.54.

Institutional Trading of Chart Industries

Several large investors have recently added to or reduced their stakes in GTLS. SCP Investment LP acquired a new position in shares of Chart Industries in the 4th quarter valued at about $528,000. Principal Securities Inc. acquired a new position in shares of Chart Industries in the 4th quarter valued at about $89,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Chart Industries by 15.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,283 shares of the industrial products company’s stock valued at $564,000 after buying an additional 564 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Chart Industries by 60.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 12,951 shares of the industrial products company’s stock valued at $1,766,000 after buying an additional 4,856 shares during the period. Finally, Norges Bank acquired a new position in Chart Industries in the 4th quarter worth about $57,415,000.

Chart Industries Company Profile

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.