Chart Industries (NYSE:GTLS) Hits New 52-Week High – Still a Buy?

Shares of Chart Industries, Inc. (NYSE:GTLS) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $208.76 and last traded at $208.9620, with a volume of 25877 shares traded. The stock had previously closed at $207.99.

Wall Street Analyst Weigh In

A number of analysts recently commented on GTLS shares. Wall Street Zen raised Chart Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Finally, Zacks Research cut Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Eleven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Chart Industries presently has a consensus rating of “Reduce” and an average price target of $201.80.

Chart Industries Stock Performance

The company has a 50-day moving average of $207.57 and a 200-day moving average of $207.03. The company has a market cap of $10.00 billion, a PE ratio of 803.20, a PEG ratio of 1.23 and a beta of 1.53. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.15.

Hedge Funds Weigh In On Chart Industries

Hedge funds have recently bought and sold shares of the company. Carmignac Gestion grew its stake in shares of Chart Industries by 48.5% in the 1st quarter. Carmignac Gestion now owns 82,944 shares of the industrial products company’s stock worth $17,149,000 after acquiring an additional 27,102 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Chart Industries during the first quarter valued at about $1,460,000. Groupe la Francaise boosted its holdings in Chart Industries by 132.2% during the first quarter. Groupe la Francaise now owns 57,289 shares of the industrial products company’s stock worth $11,845,000 after purchasing an additional 32,620 shares during the last quarter. Bank of America Corp DE boosted its holdings in Chart Industries by 7.8% during the first quarter. Bank of America Corp DE now owns 333,945 shares of the industrial products company’s stock worth $69,043,000 after purchasing an additional 24,049 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Chart Industries by 4.4% in the 1st quarter. Janus Henderson Group PLC now owns 58,920 shares of the industrial products company’s stock worth $12,182,000 after purchasing an additional 2,500 shares in 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.