Chart Industries (NYSE:GTLS) Reaches New 52-Week High – Should You Buy?

Chart Industries, Inc. (NYSE:GTLS)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $208.77 and last traded at $208.3920, with a volume of 855565 shares trading hands. The stock had previously closed at $207.49.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GTLS shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research note on Friday, March 27th. Wall Street Zen downgraded shares of Chart Industries from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Zacks Research cut Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Twelve research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $198.17.

Chart Industries Stock Performance

The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21. The business has a 50-day simple moving average of $207.38 and a 200-day simple moving average of $206.28. The firm has a market capitalization of $9.97 billion, a PE ratio of 801.18, a P/E/G ratio of 1.19 and a beta of 1.56.

Chart Industries (NYSE:GTLS) last announced its 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). Chart Industries had a negative net margin of 0.62% and a positive return on equity of 10.50%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the company posted $2.66 EPS. The company’s revenue was down 2.5% compared to the same quarter last year. Equities research analysts expect that Chart Industries, Inc. will post 9.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chart Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. United Community Bank raised its holdings in shares of Chart Industries by 364.5% in the third quarter. United Community Bank now owns 144 shares of the industrial products company’s stock worth $29,000 after buying an additional 113 shares during the period. EverSource Wealth Advisors LLC increased its stake in Chart Industries by 95.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after buying an additional 71 shares during the period. Torren Management LLC purchased a new position in Chart Industries in the 4th quarter worth about $30,000. Los Angeles Capital Management LLC purchased a new position in Chart Industries in the 4th quarter worth about $40,000. Finally, MCF Advisors LLC purchased a new position in Chart Industries in the 4th quarter worth about $41,000.

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.