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

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 lower today making it today's featured Industrial laggard. The industry as a whole closed the day down 0.1%. By the end of trading, Chart Industries fell $2.02 (-2.2%) to $90.02 on heavy volume. Throughout the day, 1,117,656 shares of Chart Industries exchanged hands as compared to its average daily volume of 489,900 shares. The stock ranged in price between $88.82-$93.10 after having opened the day at $92.07 as compared to the previous trading day's close of $92.04. Other companies within the Industrial industry that declined today were: OSI Systems ( OSIS), down 26.8%, ZBB Energy Corporation ( ZBB), down 9.3%, Broadwind Energy ( BWEN), down 7.7% and Ballard Power Systems ( BLDP), down 7.1%.

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 38.8, above the S&P 500 P/E ratio of 17.7. Shares are up 50.0% 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 6 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 positive front, Highway Holdings ( HIHO), up 24.6%, MFRI ( MFRI), up 12.3%, Ideal Power ( IPWR), up 10.6% and UQM Technologies ( UQM), up 6.2% , were all gainers within the industrial industry with Mohawk Industries ( MHK) being today's featured industrial industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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