Chart Industries (NYSE:GTLS) Hits New 12-Month High – Still a Buy?

Chart Industries, Inc. (NYSE:GTLS) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $209.94 and last traded at $209.7940, with a volume of 1949191 shares changing hands. The stock had previously closed at $209.87.

Wall Street Analysts Forecast Growth

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

Chart Industries Stock Down 0.0%

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 business’s fifty day simple moving average is $207.90 and its 200 day simple moving average is $207.41. The stock has a market cap of $10.04 billion, a price-to-earnings ratio of -201.74, a price-to-earnings-growth ratio of 1.24 and a beta of 1.53.

Institutional Investors Weigh In On Chart Industries

Several large investors have recently bought and sold shares of GTLS. Torren Management LLC acquired a new position in shares of Chart Industries in the 4th quarter valued at $30,000. Los Angeles Capital Management LLC acquired a new stake in Chart Industries during the 4th quarter worth approximately $40,000. MCF Advisors LLC acquired a new stake in Chart Industries during the 4th quarter worth approximately $41,000. Smartleaf Asset Management LLC raised its holdings in shares of Chart Industries by 44.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 223 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 69 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Chart Industries by 44.8% during the second quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 100 shares during the period.

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.