Beamr video compression achieves up to 50% improvement for AVs
Jillian C. Evanko, President and CEO of Chart Industries Inc. (NYSE:GTLS), recently acquired 350 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The timing is notable as the stock has declined over 24% in the past week, though InvestingPro analysis suggests the stock is currently undervalued. The purchase, completed on March 6, was made at a price of $150.35 per share, totaling approximately $52,622. Following this transaction, Evanko’s direct ownership in the company now amounts to 137,666 shares. Chart Industries, headquartered in Ball (NYSE:BALL) Ground, Georgia, specializes in manufacturing equipment for the energy and industrial gas markets. The company has demonstrated strong performance with revenue growth of 24% in the last twelve months and maintains a perfect Piotroski Score of 9, according to InvestingPro, which offers 12 additional exclusive insights about GTLS.
In other recent news, Chart Industries reported its Q4 2024 earnings, which fell short of expectations. The company’s earnings per share (EPS) were $2.66, missing the forecast of $3.15, and revenue came in at $1.11 billion, below the anticipated $1.18 billion. Despite these misses, Chart Industries highlighted strong growth in the LNG, hydrogen, and carbon capture markets and reiterated its positive growth outlook for 2025. Stifel analysts maintained a Buy rating on Chart Industries, with a price target of $231, noting the company’s strong orderbook and book-to-bill ratio. They expressed confidence in the company’s ambitious 14% revenue growth target, citing the robustness of its order backlog. Moreover, the analysts suggested that as Chart Industries improves its predictability, its valuation multiples might align more closely with peers. Additionally, the company reported a full-year sales increase of 17.5% in 2024, with a notable 10.8% sales growth in Q4 2024, excluding foreign exchange impacts.
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