Herbert Hotchkiss Acquires 84 Shares of Chart Industries, Inc. (NYSE:GTLS) Stock

Chart Industries, Inc. (NYSE:GTLS - Get Free Report) VP Herbert Hotchkiss acquired 84 shares of the stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of $141.87 per share, for a total transaction of $11,917.08. Following the acquisition, the vice president now directly owns 296 shares in the company, valued at $41,993.52. This represents a 39.62 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Chart Industries Price Performance

Shares of NYSE:GTLS traded down $0.54 on Tuesday, hitting $141.45. The company had a trading volume of 82,570 shares, compared to its average volume of 726,656. The business has a 50 day moving average of $195.29 and a 200 day moving average of $165.29. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The company has a market cap of $6.46 billion, a PE ratio of 41.19, a PEG ratio of 0.57 and a beta of 1.87. 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 issued its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing analysts' consensus estimates of $3.20 by ($0.54). The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.25 earnings per share. As a group, equities analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GTLS. National Bank of Canada FI lifted 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 buying an additional 5,181 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Chart Industries by 248.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company's stock worth $2,744,000 after acquiring an additional 15,862 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Chart Industries by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company's stock worth $73,551,000 after acquiring an additional 13,181 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. boosted its position in shares of 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 acquiring an additional 2,000 shares during the last quarter. Finally, Premier Fund Managers Ltd purchased a new stake in Chart Industries in the third quarter valued at approximately $733,000.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. BTIG Research lifted their price target on Chart Industries from $170.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, December 16th. TD Cowen upped their price target on shares of Chart Industries from $205.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Wells Fargo & Company dropped their target price on shares of Chart Industries from $215.00 to $214.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. 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. Finally, The Goldman Sachs Group raised their price objective on Chart Industries from $138.00 to $201.00 and gave the company a "neutral" rating in a research note on Friday, December 20th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $194.08.

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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.

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