Chart Industries (NYSE:GTLS) Trading Down 17.5% – Should You Sell?

Shares of Chart Industries, Inc. (NYSE:GTLS) were down 17.5% on Thursday . The stock traded as low as $124.82 and last traded at $124.88. Approximately 749,036 shares traded hands during trading, an increase of 10% from the average daily volume of 678,427 shares. The stock had previously closed at $151.31.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wells Fargo & Company reduced their price objective on Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a research note on Tuesday. Stifel Nicolaus raised their price target on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. The Goldman Sachs Group upped their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Morgan Stanley cut their target price on shares of Chart Industries from $275.00 to $250.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Finally, TD Cowen upped their price target on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $201.83.

Chart Industries Trading Down 17.6 %

The company has a market cap of $5.70 billion, a P/E ratio of 36.14, a PEG ratio of 0.57 and a beta of 1.87. The firm’s 50 day moving average is $177.40 and its two-hundred day moving average is $169.07. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.25 EPS. As a group, equities research analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

Insider Activity at Chart Industries

In other news, CEO Jillian C. Evanko bought 350 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the acquisition, the chief executive officer now directly owns 137,666 shares in the company, valued at approximately $20,698,083.10. This represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Linda S. Harty purchased 500 shares of the business’s stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the transaction, the director now directly owns 11,684 shares of the company’s stock, valued at approximately $1,645,691.40. The trade was a 4.47 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 1,109 shares of company stock worth $160,845 over the last ninety days. Insiders own 0.95% of the company’s stock.

Institutional Investors Weigh In On Chart Industries

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Chart Industries by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 4,297,398 shares of the industrial products company’s stock worth $820,115,000 after buying an additional 59,889 shares during the period. Janus Henderson Group PLC boosted its stake in Chart Industries by 2.2% during the fourth quarter. Janus Henderson Group PLC now owns 1,608,883 shares of the industrial products company’s stock worth $307,046,000 after acquiring an additional 35,004 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Chart Industries by 37.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company’s stock worth $203,178,000 after purchasing an additional 291,520 shares during the period. Geode Capital Management LLC increased its stake in Chart Industries by 2.0% in the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock valued at $123,318,000 after purchasing an additional 19,534 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Chart Industries by 4.2% during the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after purchasing an additional 32,442 shares during the period.

Chart Industries Company Profile

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.