Chart Industries (NYSE:GTLS) Reaches New 1-Year High – Time to Buy?

Chart Industries, Inc. (NYSE:GTLS) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $209.18 and last traded at $208.9950, with a volume of 416354 shares traded. The stock had previously closed at $208.94.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wall Street Zen raised Chart Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Zacks Research lowered shares of Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Wednesday, June 24th. Eleven research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $201.80.

Chart Industries Trading Up 0.0%

The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. The stock has a fifty day simple moving average of $207.74 and a 200 day simple moving average of $207.26. The firm has a market capitalization of $9.99 billion, a P/E ratio of -200.74, a PEG ratio of 1.23 and a beta of 1.53.

Institutional Trading of Chart Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Chart Industries during the fourth quarter worth $237,827,000. Balyasny Asset Management L.P. increased its holdings in Chart Industries by 2,251.3% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,018,831 shares of the industrial products company’s stock valued at $203,919,000 after acquiring an additional 975,501 shares during the last quarter. Millennium Management LLC increased its holdings in Chart Industries by 94.9% in the 4th quarter. Millennium Management LLC now owns 1,586,588 shares of the industrial products company’s stock valued at $327,202,000 after acquiring an additional 772,723 shares during the last quarter. Kryger Capital LLC purchased a new stake in Chart Industries in the 1st quarter worth $113,737,000. Finally, UBS Group AG lifted its stake in Chart Industries by 76.9% in the 4th quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock worth $243,550,000 after purchasing an additional 513,195 shares in the last quarter.

Chart Industries Company Profile

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.