Chart Industries director Linda Harty acquires $70,422 in stock

Linda Harty, a director at Chart Industries Inc. (NYSE:GTLS), recently purchased 500 shares of the company’s common stock. The shares were acquired at an average price of $140.85, totaling approximately $70,422. Following this transaction, Harty’s direct ownership in the company stands at 11,684 shares. The timing of this purchase appears strategic, as InvestingPro analysis indicates the stock is currently trading below its Fair Value, with shares showing strong momentum, up 32% over the past six months. This purchase reflects a continued investment in Chart Industries, a company known for its work in the fabricated plate work sector. The $5.3 billion market cap company boasts a perfect Piotroski Score of 9, according to InvestingPro data, suggesting strong financial health. Discover 12 more exclusive insights and detailed valuation metrics with an InvestingPro subscription.

In other recent news, Chart Industries reported its fourth-quarter 2024 earnings, missing expectations on both earnings per share (EPS) and revenue. The company posted an EPS of $2.66, falling short of the anticipated $3.15, while revenue was $1.11 billion, missing the forecasted $1.18 billion. Despite the earnings miss, Chart Industries maintained its guidance for a 14% revenue growth in 2025, supported by a robust order backlog. Stifel analysts reiterated their Buy rating for Chart Industries, setting a price target of $231, citing strong order flow and a solid book-to-bill ratio as positive indicators. Additionally, Chart Industries has been selected by Blue Spruce Operating LLC to supply a Nitrogen Rejection Unit and helium processing technology for the Dry Piney Helium and Carbon Sequestration Project in Wyoming. This collaboration is expected to significantly enhance helium and natural gas supplies in the western United States. Chart Industries has also secured a strong order book, including significant contracts in LNG, hydrogen, and carbon capture markets. These developments underscore Chart Industries’ strategic initiatives and growth prospects in the coming years.

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