Chart Industries (NYSE:GTLS) Shares Down 17.5% - Should You Sell?

Chart Industries, Inc. (NYSE:GTLS - Get Free Report)'s share price traded down 17.5% during mid-day trading on Thursday . The company traded as low as $124.82 and last traded at $124.88. 749,036 shares traded hands during mid-day trading, an increase of 10% from the average session volume of 678,427 shares. The stock had previously closed at $151.31.

Analyst Ratings Changes

GTLS has been the topic of several research analyst reports. Stifel Nicolaus boosted their price target on Chart Industries from $200.00 to $231.00 and gave the stock a "buy" rating in a research note on Tuesday, December 31st. Wells Fargo & Company lowered their target price on Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a report on Tuesday, April 1st. BTIG Research raised their price target on Chart Industries from $170.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Barclays boosted their price objective on shares of Chart Industries from $145.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Finally, Morgan Stanley dropped their target price on shares of Chart Industries from $275.00 to $250.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Chart Industries has an average rating of "Moderate Buy" and a consensus price target of $201.83.

Remove Ads

Chart Industries Trading Down 3.1 %

The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 33.23, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. The business's 50-day moving average price is $168.17 and its two-hundred day moving average price is $168.94.

Chart Industries (NYSE:GTLS - Get Free Report) 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). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same period in the previous year, the firm posted $2.25 earnings per share. The firm's revenue was up 9.0% on a year-over-year basis. Equities analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Jillian C. Evanko purchased 350 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of $150.35 per share, with a total value of $52,622.50. Following the completion of the transaction, the chief executive officer now owns 137,666 shares of the company's stock, valued at approximately $20,698,083.10. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linda S. Harty purchased 500 shares of the firm's stock in a transaction on Monday, March 10th. The stock was bought at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the acquisition, the director now owns 11,684 shares in the company, valued at $1,645,691.40. The trade was a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 1,109 shares of company stock worth $160,845. 0.95% of the stock is owned by company insiders.

Institutional Investors Weigh In On Chart Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in GTLS. Capital Analysts LLC purchased a new stake in shares of Chart Industries during the 4th quarter worth about $25,000. Smartleaf Asset Management LLC increased its position in shares of Chart Industries by 129.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock worth $31,000 after acquiring an additional 92 shares in the last quarter. Fairway Wealth LLC acquired a new stake in shares of Chart Industries in the fourth quarter worth $34,000. Blue Trust Inc. raised its stake 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 acquiring an additional 65 shares during the period. Finally, Spire Wealth Management lifted its holdings in shares of Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 125 shares in the last quarter.

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.