Chart Industries (NYSE:GTLS) Reaches New 52-Week High – Should You Buy?
by Teresa Graham · The Cerbat GemShares of Chart Industries, Inc. (NYSE:GTLS – Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $208.77 and last traded at $208.3920, with a volume of 855565 shares. The stock had previously closed at $207.49.
Analysts Set New Price Targets
A number of analysts have recently commented on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research note on Friday, March 27th. Wall Street Zen lowered Chart Industries from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Zacks Research downgraded shares of Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Twelve equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $198.17.
Check Out Our Latest Analysis on Chart Industries
Chart Industries Price Performance
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 firm has a market cap of $9.97 billion, a PE ratio of 801.18, a P/E/G ratio of 1.19 and a beta of 1.56. The firm’s fifty day simple moving average is $207.38 and its two-hundred day simple moving average is $206.28.
Chart Industries (NYSE:GTLS – Get Free Report) last issued its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.97). The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Chart Industries had a negative net margin of 0.62% and a positive return on equity of 10.50%. Chart Industries’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.66 EPS. As a group, research analysts expect that Chart Industries, Inc. will post 9.09 EPS for the current year.
Hedge Funds Weigh In On Chart Industries
A number of hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC lifted its position in shares of Chart Industries by 39.0% in the first quarter. AQR Capital Management LLC now owns 26,089 shares of the industrial products company’s stock worth $3,694,000 after buying an additional 7,314 shares in the last quarter. California Public Employees Retirement System boosted its stake in Chart Industries by 7.8% during the second quarter. California Public Employees Retirement System now owns 75,645 shares of the industrial products company’s stock valued at $12,455,000 after buying an additional 5,443 shares during the last quarter. Sei Investments Co. boosted its stake in Chart Industries by 0.7% during the second quarter. Sei Investments Co. now owns 77,117 shares of the industrial products company’s stock valued at $12,697,000 after buying an additional 540 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Chart Industries by 8.6% during the second quarter. The Manufacturers Life Insurance Company now owns 52,392 shares of the industrial products company’s stock valued at $8,626,000 after buying an additional 4,129 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Chart Industries by 55.9% during the second quarter. Alliancebernstein L.P. now owns 138,663 shares of the industrial products company’s stock valued at $22,831,000 after buying an additional 49,715 shares during the last quarter.
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.