Chart Industries Inc. (GTLS): Today's Featured Industrial Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Chart Industries ( GTLS) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day down 0.9%. By the end of trading, Chart Industries rose $2.90 (3.0%) to $100.20 on heavy volume. Throughout the day, 972,325 shares of Chart Industries exchanged hands as compared to its average daily volume of 467,400 shares. The stock ranged in a price between $99.00-$103.44 after having opened the day at $101.95 as compared to the previous trading day's close of $97.30. Other companies within the Industrial industry that increased today were: Highway Holdings ( HIHO), up 12.9%, Sifco Industries ( SIF), up 8.5%, Altair Nanotechnologies ( ALTI), up 7.8% and Intellicheck Mobilisa ( IDN), up 6.3%.

Chart Industries, Inc. manufactures and supplies engineered equipment used in the production, storage, and end-use of hydrocarbon and industrial gases in the United States, the Czech Republic, China, Germany, and internationally. Chart Industries has a market cap of $3.0 billion and is part of the industrial goods sector. The company has a P/E ratio of 38.1, above the S&P 500 P/E ratio of 17.7. Shares are up 47.6% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate Chart Industries a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Chart Industries as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

On the negative front, Adept Technology ( ADEP), down 9.6%, Gulf Island Fabrication ( GIFI), down 7.5%, LSI Industries ( LYTS), down 6.3% and Hollysys Automation Technologies ( HOLI), down 5.7% , were all laggards within the industrial industry with Stanley Black & Decker ( SWK) being today's industrial industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

Emerging Markets Get Pounded by Trade War Concerns

Emerging Markets Get Pounded by Trade War Concerns

Dow Tumbles, Stocks Slide on Renewed Trade War Concerns

Dow Tumbles, Stocks Slide on Renewed Trade War Concerns

PTC Shares Skyrocket on Positive Data for Spinal Muscular Atrophy Drug

PTC Shares Skyrocket on Positive Data for Spinal Muscular Atrophy Drug

Tesla Slumps After Mary McCormack Tweets Husband's Flaming Model S

Tesla Slumps After Mary McCormack Tweets Husband's Flaming Model S

Stocks Dive Globally as U.S.-China Trade War Intensifies

Stocks Dive Globally as U.S.-China Trade War Intensifies