Chart Industries (NYSE:GTLS) Sets New 12-Month High – Here’s What Happened

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

Analysts Set New Price Targets

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

Chart Industries Trading Up 0.4%

The firm has a market cap of $10.00 billion, a P/E ratio of 803.20, a price-to-earnings-growth ratio of 1.23 and a beta of 1.53. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.15. The company’s fifty day moving average price is $207.57 and its two-hundred day moving average price is $207.03.

Institutional Trading of Chart Industries

Several hedge funds have recently modified their holdings of GTLS. HighTower Advisors LLC lifted its position in shares of Chart Industries by 0.6% during the 4th quarter. HighTower Advisors LLC now owns 8,204 shares of the industrial products company’s stock valued at $1,692,000 after acquiring an additional 50 shares during the period. Stephens Inc. AR grew its holdings in Chart Industries by 3.8% in the fourth quarter. Stephens Inc. AR now owns 1,389 shares of the industrial products company’s stock worth $286,000 after purchasing an additional 51 shares during the period. Fifth Third Wealth Advisors LLC grew its holdings in Chart Industries by 3.8% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,518 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 56 shares during the period. IFP Advisors Inc increased its stake in Chart Industries by 4.2% in the third quarter. IFP Advisors Inc now owns 1,474 shares of the industrial products company’s stock valued at $302,000 after purchasing an additional 59 shares in the last quarter. Finally, Lifestyle Asset Management Inc. increased its stake in Chart Industries by 2.6% in the fourth quarter. Lifestyle Asset Management Inc. now owns 2,314 shares of the industrial products company’s stock valued at $477,000 after purchasing an additional 59 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.