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After The Stock Fell -22.09% Over The Week, Is Chart Industries Inc. (NYSE: GTLS) Still A Buy?

Chart Industries Inc. (NYSE:GTLS)’s traded shares stood at 2.08 million during the last session, with the company’s beta value hitting 1.47. At the close of trading, the stock’s price was $102.94, to imply a decrease of -12.38% or -$14.55 in intraday trading. The GTLS share’s 52-week high remains $242.59, putting it -135.66% down since that peak but still an impressive -4.6% since price per share fell to its 52-week low of $107.68. The company has a valuation of $4.79B, with an average of 1.27 million shares in intraday trading volume over the past 10 days and average of 723.96K shares over the past 3 months.

Analysts have given a consensus recommendation of a Buy for Chart Industries Inc. (GTLS), translating to a mean rating of 1.90. Of 14 analyst(s) looking at the stock, 0 analyst(s) give GTLS a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 11 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $1.72.

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Chart Industries Inc. (NYSE:GTLS) trade information

After registering a -12.38% downside in the last session, Chart Industries Inc. (GTLS) has traded red over the past five days. The stock hit a weekly high of 131.99 this Friday, 03/17/23, dropping -12.38% in its intraday price action. The 5-day price performance for the stock is -22.09%, and -24.99% over 30 days. With these gigs, the year-to-date price performance is -10.67%. Short interest in Chart Industries Inc. (NYSE:GTLS) saw shorts transact 5.91 million shares and set a 9.39 days time to cover.

Analysts on Wall Street suggest a consensus price target of $192.85, implying an increase of 46.62% to the stock’s current value. The extremes give us $144.00 and $235.00 for target low and target high price respectively. As such, GTLS has been trading -128.29% off suggested target high and -39.89% from its likely low.

Chart Industries Inc. (GTLS) estimates and forecasts

Looking at statistics comparing Chart Industries Inc. share performance against respective industry, we note that the company has outperformed competitors. Chart Industries Inc. (GTLS) shares are -50.69% down over the last 6 months, with its year-to-date growth rate higher than industry average at 28.57% against 5.40%. Revenue is forecast to grow 135.60% this quarter before jumping 76.90% for the next one. The rating firms project that company’s revenue will grow 26.30% compared to the previous financial year.

Revenue forecast for the current quarter as set by 14 analysts is $494.07 million. Meanwhile, for the quarter ending Mar 2023, a total of 13 analyst(s) estimate revenue growth to $468.58 million.Earnings reports from the last fiscal year show that sales brought in $378.9 million and $354.1 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 30.40% before jumping 32.30% in the following quarter.

GTLS Dividends

Chart Industries Inc. has its next earnings report out between April 27 and May 01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Chart Industries Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Chart Industries Inc. (NYSE:GTLS)’s Major holders

Chart Industries Inc. insiders hold 0.52% of total outstanding shares, with institutional holders owning 127.42% of the shares at 128.09% float percentage. In total, 127.42% institutions holds shares in the company, led by Blackrock Inc. As of Sep 29, 2022, the company held over 5.08 million shares (or 13.88% of shares), all amounting to roughly $937.21 million.

The next major institution holding the largest number of shares is Capital World Investors with 4.42 million shares, or about 12.06% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $814.31 million.

We also have Growth Fund Of America Inc and New Perspective Fund Inc as the top two Mutual Funds with the largest holdings of the Chart Industries Inc. (GTLS) shares. Going by data provided on Dec 30, 2022, Growth Fund Of America Inc holds roughly 2.64 million shares. This is just over 7.22% of the total shares, with a market valuation of $304.66 million. Data from the same date shows that the other fund manager holds a little less at 1.7 million, or 4.64% of the shares, all valued at about 195.97 million.

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