Stock Traders Purchase High Volume of Chart Industries Call Options (GTLS)

Chart Industries, Inc. (NASDAQ:GTLS) saw unusually large options trading activity on Thursday. Investors acquired 1,328 call options on the company. This is an increase of 1,943% compared to the average daily volume of 65 call options.

Several large investors have recently modified their holdings of GTLS. Barings LLC acquired a new position in Chart Industries during the third quarter valued at approximately $204,000. SG Americas Securities LLC grew its holdings in Chart Industries by 42.7% during the second quarter. SG Americas Securities LLC now owns 6,657 shares of the industrial products company’s stock valued at $231,000 after purchasing an additional 1,992 shares during the period. Piedmont Investment Advisors LLC acquired a new position in Chart Industries during the second quarter valued at approximately $231,000. Crossmark Global Holdings Inc. acquired a new position in Chart Industries during the third quarter valued at approximately $231,000. Finally, Sheets Smith Wealth Management acquired a new position in Chart Industries during the fourth quarter valued at approximately $239,000. Institutional investors own 86.65% of the company’s stock.

Shares of Chart Industries (GTLS) opened at $54.82 on Friday. Chart Industries has a 1 year low of $32.04 and a 1 year high of $54.95. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 1.13. The company has a market cap of $1,690.00, a P/E ratio of -783.14, a PEG ratio of 1.53 and a beta of 1.33.

Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.23 by $0.07. Chart Industries had a negative net margin of 0.21% and a positive return on equity of 2.25%. The company had revenue of $240.50 million during the quarter, compared to analysts’ expectations of $235.96 million. During the same quarter in the previous year, the company earned $0.53 EPS. Chart Industries’s revenue was up 17.9% on a year-over-year basis. research analysts expect that Chart Industries will post 0.84 earnings per share for the current year.

Several equities research analysts have recently commented on GTLS shares. Seaport Global Securities upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Friday, October 27th. BidaskClub cut shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Lake Street Capital set a $59.00 price target on shares of Chart Industries and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Northcoast Research upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Monday, October 9th. Finally, Johnson Rice reiterated a “buy” rating and set a $48.00 price target (up previously from $42.00) on shares of Chart Industries in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $52.67.

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About Chart Industries

Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.

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