Stock Traders Purchase High Volume of Chart Industries Call Options (GTLS)

Chart Industries, Inc. (NASDAQ:GTLS) was the recipient of some unusual options trading activity on Thursday. Investors purchased 1,328 call options on the stock. This is an increase of 1,943% compared to the average daily volume of 65 call options.

GTLS has been the subject of several analyst reports. Cowen reissued a “hold” rating and set a $40.00 price target on shares of Chart Industries in a report on Sunday, October 22nd. Zacks Investment Research raised shares of Chart Industries from a “hold” rating to a “strong-buy” rating and set a $50.00 price target for the company in a report on Wednesday, November 1st. BidaskClub downgraded shares of Chart Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Seaport Global Securities raised shares of Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 price target for the company in a report on Friday, October 27th. Finally, Lake Street Capital lifted their price target on shares of Chart Industries from $48.00 to $55.00 and gave the company a “buy” rating in a report on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $52.67.

Several hedge funds and other institutional investors have recently made changes to their positions in GTLS. Eagle Asset Management Inc. raised its stake in shares of Chart Industries by 176.4% in the third quarter. Eagle Asset Management Inc. now owns 1,448,392 shares of the industrial products company’s stock worth $58,297,000 after acquiring an additional 924,284 shares during the last quarter. SG Capital Management LLC bought a new position in shares of Chart Industries in the third quarter worth about $13,381,000. Dimensional Fund Advisors LP raised its stake in shares of Chart Industries by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,350,503 shares of the industrial products company’s stock worth $81,633,000 after acquiring an additional 260,913 shares during the last quarter. Cramer Rosenthal Mcglynn LLC bought a new position in shares of Chart Industries in the third quarter worth about $8,409,000. Finally, Granite Point Capital Management L.P. bought a new position in shares of Chart Industries in the second quarter worth about $2,431,000. 86.65% of the stock is owned by institutional investors.

Chart Industries (NASDAQ GTLS) opened at $54.82 on Friday. Chart Industries has a 1-year low of $32.04 and a 1-year high of $54.95. The stock has a market cap of $1,690.00, a PE ratio of -783.14, a P/E/G ratio of 1.53 and a beta of 1.33. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42.

Chart Industries (NASDAQ:GTLS) last announced its earnings results on Thursday, October 26th. The industrial products company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.07. Chart Industries had a negative net margin of 0.21% and a positive return on equity of 2.25%. The company had revenue of $240.50 million during the quarter, compared to the consensus estimate of $235.96 million. During the same period in the previous year, the firm posted $0.53 earnings per share. The company’s revenue was up 17.9% on a year-over-year basis. equities analysts predict that Chart Industries will post 0.84 earnings per share for the current fiscal year.

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Chart Industries Company Profile

Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.

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