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

Chart Industries, Inc. (NYSE:GTLS)’s stock price 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

GTLS has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Chart Industries from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. 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 reissued a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Twelve analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $198.17.

Chart Industries Stock Down 0.2%

The company has a market cap of $9.95 billion, a PE ratio of 799.83, a PEG ratio of 1.19 and a beta of 1.56. The stock’s 50 day moving average price is $207.43 and its 200-day moving average price is $206.35. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.21 and a current ratio of 1.53.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, February 27th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.97). Chart Industries had a negative net margin of 0.62% and a positive return on equity of 10.50%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the company posted $2.66 EPS. Chart Industries’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, analysts predict that Chart Industries, Inc. will post 9.09 earnings per share for the current year.

Institutional Investors Weigh In On Chart Industries

A number of institutional investors have recently made changes to their positions in GTLS. AQR Capital Management LLC boosted its position in Chart Industries by 39.0% during the 1st quarter. AQR Capital Management LLC now owns 26,089 shares of the industrial products company’s stock valued at $3,694,000 after buying an additional 7,314 shares during the period. California Public Employees Retirement System boosted its position in Chart Industries by 7.8% during the 2nd 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 period. Sei Investments Co. boosted its position in Chart Industries by 0.7% during the 2nd 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 period. The Manufacturers Life Insurance Company boosted its position in Chart Industries by 8.6% during the 2nd 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 period. Finally, Alliancebernstein L.P. boosted its position in Chart Industries by 55.9% during the 2nd 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 period.

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.