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

Chart Industries, Inc. (NYSE:GTLS)’s share price reached a new 52-week high on Monday . The stock traded as high as $209.94 and last traded at $209.7940, with a volume of 1949191 shares. The stock had previously closed at $209.87.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GTLS shares. Wall Street Zen raised shares of Chart Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a report on Wednesday, June 24th. Finally, Zacks Research downgraded Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Ten research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Chart Industries currently has an average rating of “Reduce” and an average target price of $210.00.

Chart Industries Stock Performance

The firm has a market cap of $10.05 billion, a price-to-earnings ratio of -201.84, a price-to-earnings-growth ratio of 1.24 and a beta of 1.53. The stock’s 50 day moving average is $207.99 and its 200 day moving average is $207.46. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.15.

Institutional Trading of Chart Industries

Several hedge funds have recently added to or reduced their stakes in GTLS. Handelsbanken Fonder AB boosted its stake in Chart Industries by 8.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 15,234 shares of the industrial products company’s stock valued at $3,183,000 after purchasing an additional 1,200 shares during the period. Crumly & Associates Inc. increased its position in Chart Industries by 2.0% during the 2nd quarter. Crumly & Associates Inc. now owns 2,852 shares of the industrial products company’s stock worth $596,000 after buying an additional 57 shares during the period. FNY Investment Advisers LLC lifted its holdings in shares of Chart Industries by 111.9% during the second quarter. FNY Investment Advisers LLC now owns 4,260 shares of the industrial products company’s stock worth $890,000 after buying an additional 2,250 shares in the last quarter. Carmignac Gestion lifted its holdings in shares of Chart Industries by 48.5% during the first quarter. Carmignac Gestion now owns 82,944 shares of the industrial products company’s stock worth $17,149,000 after buying an additional 27,102 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Chart Industries in the first quarter valued at about $1,460,000.

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.