Chart Industries (NYSE:GTLS) Shares Down 4.3%

Chart Industries, Inc. (NYSE:GTLS) shares were down 4.3% during trading on Tuesday . The stock traded as low as $118.71 and last traded at $118.86. Approximately 38,746 shares were traded during trading, a decline of 94% from the average daily volume of 610,269 shares. The stock had previously closed at $124.14.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Craig Hallum reduced their target price on Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Bank of America raised their price objective on Chart Industries from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price for the company in a research note on Monday, September 16th. Stifel Nicolaus reissued a “buy” rating and issued a $199.00 target price on shares of Chart Industries in a report on Monday, August 26th. Finally, Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $180.45.

Chart Industries Trading Down 3.0 %

The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.98. The company has a market cap of $5.15 billion, a price-to-earnings ratio of 119.68, a price-to-earnings-growth ratio of 0.39 and a beta of 1.70. The business’s fifty day moving average price is $124.97 and its 200 day moving average price is $142.24.

Chart Industries (NYSE:GTLS) last announced its earnings results 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 analyst estimates of $1.11 billion. Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.19 earnings per share. Research analysts anticipate that Chart Industries, Inc. will post 10.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Linda S. Harty bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at $240,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Chart Industries news, Director Linda S. Harty purchased 5,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were purchased at an average cost of $48.05 per share, with a total value of $240,250.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at $240,250. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jillian C. Evanko purchased 440 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were acquired at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the acquisition, the chief executive officer now directly owns 125,448 shares in the company, valued at approximately $14,339,960.88. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 7,152 shares of company stock worth $482,278. 0.95% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital World Investors grew its holdings in shares of Chart Industries by 0.4% during 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 buying an additional 17,450 shares during the last quarter. Vanguard Group Inc. increased its holdings 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 purchasing an additional 45,137 shares in the last quarter. Bamco Inc. NY increased its holdings in Chart Industries by 2.2% during the 1st quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company’s stock worth $192,725,000 after purchasing an additional 25,000 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in shares of Chart Industries by 6.3% in the second quarter. King Luther Capital Management Corp now owns 1,002,758 shares of the industrial products company’s stock valued at $144,738,000 after purchasing an additional 59,322 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Chart Industries by 10.7% during the second 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 last quarter.

Chart Industries Company Profile

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.