Chart Industries (NYSE:GTLS) Sets New 1-Year Low at $105.40

Chart Industries, Inc. (NYSE:GTLS)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $105.40 and last traded at $106.51, with a volume of 109724 shares changing hands. The stock had previously closed at $110.09.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company dropped their price target on Chart Industries from $179.00 to $151.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Evercore ISI raised Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Bank of America raised their target price on Chart Industries from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, July 15th. The Goldman Sachs Group decreased their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Finally, Barclays decreased their target price on shares of Chart Industries from $193.00 to $147.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Chart Industries has an average rating of “Moderate Buy” and an average price target of $187.46.

Chart Industries Trading Down 3.8 %

The firm has a market capitalization of $4.53 billion, a PE ratio of 110.05, a price-to-earnings-growth ratio of 0.35 and a beta of 1.70. The business’s 50-day moving average price is $134.73 and its 200-day moving average price is $144.51. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.98.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.57 by ($0.39). The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The firm’s revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.19 earnings per share. As a group, analysts expect that Chart Industries, Inc. will post 10.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Chart Industries

In related news, CEO Jillian C. Evanko purchased 440 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the acquisition, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.95% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Capital World Investors raised its stake in shares of Chart Industries by 0.4% in the fourth quarter. Capital World Investors now owns 4,986,531 shares of the industrial products company’s stock valued at $679,814,000 after purchasing an additional 17,450 shares in the last quarter. Vanguard Group Inc. grew its position in Chart Industries by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company’s stock worth $693,243,000 after acquiring an additional 45,137 shares during the last quarter. Bamco Inc. NY increased its stake in shares of Chart Industries by 2.2% in the first quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company’s stock valued at $192,725,000 after buying an additional 25,000 shares in the last quarter. King Luther Capital Management Corp grew its holdings in Chart Industries by 6.3% during the 2nd quarter. King Luther Capital Management Corp now owns 1,002,758 shares of the industrial products company’s stock worth $144,738,000 after acquiring an additional 59,322 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Chart Industries by 10.7% in the 2nd quarter. Principal Financial Group Inc. now owns 770,465 shares of the industrial products company’s stock valued at $111,209,000 after buying an additional 74,519 shares during the period.

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.