Chart Industries Inc (NYSE: GTLS) stock jumped 3.46% on Friday to $125.69 against a previous-day closing price of $121.49. With 0.69 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.52 million shares. During the session, the Specialty Industrial Machinery company that operates in wider Industrials sector, reached to the highest price of $125.71 whereas the lowest price it dropped to was $122.61. The 52-week range on GTLS shows that it touched its highest point at $184.65 and its lowest point at $101.44 during that stretch. It currently has a 1-year price target of $194.56. Beta for the stock currently stands at 1.57.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GTLS was up-trending over the past week, with a rise of 9.29%, but this was down by -18.93% over a month. Three-month performance dropped to -23.81% while six-month performance rose 8.89%. The stock gained 0.33% in the past year, while it has gained 9.08% so far this year. A look at the trailing 12-month EPS for GTLS yields -1.67 with Next year EPS estimates of 11.04. For the next quarter, that number is 2.23. This implies an EPS growth rate of 31.07% for this year and 79.65% for next year. EPS is expected to grow by 45.17% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -9.56%.
Float and Shares Shorts:
At present, 42.75 million GTLS shares are outstanding with a float of 42.43 million shares on hand for trading. On Oct 30, 2023, short shares totaled 6.51 million, which was 15.24% higher than short shares on Sep 28, 2023. In addition to GTLB as the firm’s GitLab Inc., TGLS serves as its Tecnoglass Inc..
Institutional Ownership:
Through their ownership of 119.92% of GTLS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 75.79% of GTLS, in contrast to 43.81% held by mutual funds. Shares owned by individuals account for 1.82%. As the largest shareholder in GTLS with 11.62% of the stake, Capital Research & Management Co holds 4,969,081 shares worth 4,969,081. A second-largest stockholder of GTLS, BlackRock Fund Advisors, holds 4,394,701 shares, controlling over 10.28% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in GTLS, holding 4,020,154 shares or 9.40% stake. With a 6.16% stake in GTLS, the American Funds Growth Fund of Ame is the largest stakeholder. A total of 2,635,075 shares are owned by the mutual fund manager. The Nordea 1 – Global Climate & Envir, which owns about 3.32% of GTLS stock, is the second-largest Mutual Fund holder. It holds 1,420,452 shares valued at 165.1 million. Vanguard Total Stock Market ETF holds 3.13% of the stake in GTLS, owning 1,337,275 shares worth 155.43 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GTLS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With GTLS analysts setting a high price target of $235.00 and a low target of $140.00, the average target price over the next 12 months is $194.56. Based on these targets, GTLS could surge 86.97% to reach the target high and rise by 11.39% to reach the target low. Reaching the average price target will result in a growth of 54.79% from current levels.
Summary of Insider Activity:
Insiders traded GTLS stock several times over the past three months with 10 Buys and 0 Sells. In these transactions, 2,573 shares were bought while 0 shares were sold. The number of buy transactions has increased to 52 while that of sell transactions has risen to 33 over the past year. The total number of shares bought during that period was 53,390 while 14,782 shares were sold.
