Insider Buying: Chart Industries, Inc. (NYSE:GTLS) VP Acquires 175 Shares of Stock

Chart Industries, Inc. (NYSE:GTLS - Get Free Report) VP Gerald F. Vinci acquired 175 shares of Chart Industries stock in a transaction that occurred on 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 transaction, the vice president now owns 475 shares of the company's stock, valued at $70,247.75. This trade represents a 58.33 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Chart Industries Price Performance

Shares of NYSE GTLS traded up $5.21 during trading on Friday, reaching $147.92. The company had a trading volume of 193,169 shares, compared to its average volume of 724,550. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The stock has a market capitalization of $6.76 billion, a PE ratio of 42.80, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The stock has a 50-day moving average price of $193.53 and a two-hundred day moving average price of $165.32. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share (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 business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business earned $2.25 EPS. Chart Industries's revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, sell-side analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

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Institutional Investors Weigh In On Chart Industries

Several hedge funds have recently made changes to their positions in GTLS. Capital Analysts LLC acquired a new stake in shares of Chart Industries during the fourth quarter worth $25,000. Smartleaf Asset Management LLC raised its position in shares of Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock worth $31,000 after buying an additional 92 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Chart Industries in the 3rd quarter worth $34,000. Fairway Wealth LLC purchased a new position in shares of Chart Industries in the 4th quarter worth $34,000. Finally, Blue Trust Inc. raised its position 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 worth $35,000 after buying an additional 65 shares during the period.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Barclays raised their price target on Chart Industries from $145.00 to $165.00 and gave the company an "equal weight" rating in a report on Tuesday, March 4th. TD Cowen raised their target price on Chart Industries from $205.00 to $210.00 and gave the company a "buy" rating in a report on Monday, March 3rd. The Goldman Sachs Group upped their price target on shares of Chart Industries from $138.00 to $201.00 and gave the stock a "neutral" rating in a research note on Friday, December 20th. Raymond James reiterated a "strong-buy" rating and issued a $190.00 price objective on shares of Chart Industries in a research note on Monday, December 2nd. Finally, Stifel Nicolaus lifted their price target on shares of Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a research report on Tuesday, December 31st. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Chart Industries has an average rating of "Moderate Buy" and a consensus 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.