Chart Industries (NYSE:GTLS) Sets New 12-Month High – Here’s Why

Chart Industries, Inc. (NYSE:GTLS)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $208.51 and last traded at $208.26, with a volume of 1590330 shares traded. The stock had previously closed at $207.82.

Wall Street Analysts Forecast Growth

GTLS has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research report on Friday, March 27th. Zacks Research cut Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. Finally, Wall Street Zen upgraded Chart Industries to a “hold” rating in a research report on Saturday, April 4th. Two equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $203.67.

Chart Industries Stock Down 0.2%

The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.09 and a current ratio of 1.36. The company has a market cap of $9.94 billion, a PE ratio of 798.59, a PEG ratio of 0.86 and a beta of 1.70. The firm has a fifty day simple moving average of $207.18 and a 200 day simple moving average of $205.00.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.97). The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.66 EPS. Equities research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

Institutional Trading of Chart Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GTLS. United Community Bank grew its holdings in shares of Chart Industries by 364.5% during the 3rd quarter. United Community Bank now owns 144 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 113 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Chart Industries by 95.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 71 shares during the period. Torren Management LLC purchased a new stake in shares of Chart Industries during the 4th quarter worth about $30,000. Los Angeles Capital Management LLC purchased a new stake in shares of Chart Industries during the 4th quarter worth about $40,000. Finally, MCF Advisors LLC purchased a new stake in shares of Chart Industries during the 4th quarter worth about $41,000.

About Chart Industries

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.