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

Chart Industries, Inc. (NYSE:GTLS) VP Gerald F. Vinci bought 175 shares of the stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average price of $147.89 per share, with a total value of $25,880.75. Following the acquisition, the vice president now directly owns 475 shares in the company, valued at approximately $70,247.75. The trade was a 58.33 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Chart Industries Stock Performance

NYSE:GTLS opened at $145.84 on Thursday. The company has a market cap of $6.66 billion, a P/E ratio of 42.27, a P/E/G ratio of 0.57 and a beta of 1.87. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. 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’s 50 day moving average is $193.53 and its two-hundred day moving average is $165.32.

Chart Industries (NYSE:GTLS) last released its 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). The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.25 earnings per share. Analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

Institutional Investors Weigh In On Chart Industries

A number of institutional investors have recently modified their holdings of the stock. National Bank of Canada FI increased its position in Chart Industries by 328.7% during the third quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock worth $839,000 after acquiring an additional 5,181 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in shares of Chart Industries by 248.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock valued at $2,744,000 after acquiring an additional 15,862 shares during the period. Fisher Asset Management LLC boosted its position in shares of Chart Industries by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock worth $73,551,000 after purchasing an additional 13,181 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. raised its holdings in Chart Industries by 26.7% in the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock worth $1,813,000 after purchasing an additional 2,000 shares during the period. Finally, Premier Fund Managers Ltd acquired a new stake in Chart Industries during the 3rd quarter worth approximately $733,000.

Analysts Set New Price Targets

A number of research firms have weighed in on GTLS. TD Cowen upped their target price on Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. The Goldman Sachs Group upped their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Barclays increased their price target on shares of Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Citigroup upped their target price on Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, 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. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Chart Industries has a consensus rating of “Moderate Buy” and an average target price 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.