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

Chart Industries, Inc. (NYSE:GTLS)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $209.30 and last traded at $209.2110, with a volume of 589993 shares changing hands. The stock had previously closed at $208.73.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GTLS shares. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a report on Wednesday, June 24th. Zacks Research downgraded Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Finally, Wall Street Zen raised Chart Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Eleven equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $201.80.

Chart Industries Stock Performance

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 firm has a 50-day simple moving average of $207.83 and a two-hundred day simple moving average of $207.35. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of -201.61, a price-to-earnings-growth ratio of 1.23 and a beta of 1.53.

Hedge Funds Weigh In On Chart Industries

Hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its position in Chart Industries by 0.6% in the fourth quarter. HighTower Advisors LLC now owns 8,204 shares of the industrial products company’s stock worth $1,692,000 after acquiring an additional 50 shares in the last quarter. Stephens Inc. AR raised its holdings in shares of Chart Industries by 3.8% during the 4th quarter. Stephens Inc. AR now owns 1,389 shares of the industrial products company’s stock valued at $286,000 after purchasing an additional 51 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of Chart Industries by 3.8% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,518 shares of the industrial products company’s stock valued at $314,000 after purchasing an additional 56 shares in the last quarter. Crumly & Associates Inc. lifted its stake in shares of Chart Industries by 2.0% in the 2nd quarter. Crumly & Associates Inc. now owns 2,852 shares of the industrial products company’s stock valued at $596,000 after purchasing an additional 57 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Chart Industries by 4.2% in the 3rd 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 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.