Chart Industries (NYSE:GTLS) Hits New 1-Year High – Here’s What Happened

Chart Industries, Inc. (NYSE:GTLS) shares reached a new 52-week high on Monday . The company 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.

Wall Street Analysts Forecast Growth

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

Chart Industries Stock Down 0.1%

The company has a market capitalization of $10.00 billion, a P/E ratio of 803.15, a PEG ratio of 1.23 and a beta of 1.53. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.21 and a current ratio of 1.53. The stock has a 50 day moving average price of $207.61 and a 200 day moving average price of $207.09.

Institutional Investors Weigh In On Chart Industries

Several large investors have recently modified their holdings of GTLS. Carmignac Gestion raised its holdings 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 purchasing an additional 27,102 shares during the period. Segall Bryant & Hamill LLC bought a new position in Chart Industries during the first quarter valued at $1,460,000. Groupe la Francaise increased its position in Chart Industries by 132.2% in the first quarter. Groupe la Francaise now owns 57,289 shares of the industrial products company’s stock worth $11,845,000 after buying an additional 32,620 shares during the last quarter. Bank of America Corp DE increased its position in Chart Industries by 7.8% in 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 buying an additional 24,049 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Chart Industries by 4.4% in the first quarter. Janus Henderson Group PLC now owns 58,920 shares of the industrial products company’s stock worth $12,182,000 after buying an additional 2,500 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.