Chart Industries, Inc. (NYSE:GTLS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Chart Industries, Inc. (NYSE:GTLS) has been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $180.45.

A number of equities analysts have issued reports on GTLS shares. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price on the stock in a report on Monday, September 16th. Bank of America boosted their price target on Chart Industries from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Stifel Nicolaus reissued a “buy” rating and set a $199.00 price target on shares of Chart Industries in a report on Monday, August 26th. Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Finally, The Goldman Sachs Group lowered their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th.

Chart Industries Trading Up 1.2 %

Shares of NYSE GTLS opened at $124.23 on Friday. The stock has a market capitalization of $5.32 billion, a P/E ratio of 124.23, a PEG ratio of 0.39 and a beta of 1.70. The stock’s 50 day moving average price is $126.55 and its two-hundred day moving average price is $142.56. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28. Chart Industries has a 52-week low of $101.60 and a 52-week high of $173.65.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the firm earned $1.19 EPS. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, analysts anticipate that Chart Industries will post 10.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Linda S. Harty acquired 5,000 shares of Chart Industries stock in a transaction dated Monday, September 16th. The stock was acquired at an average cost of $48.05 per share, with a total value of $240,250.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $240,250. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Jillian C. Evanko purchased 440 shares of Chart Industries stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the transaction, the chief executive officer now owns 125,448 shares in the company, valued at $14,339,960.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linda S. Harty acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average cost of $48.05 per share, with a total value of $240,250.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $240,250. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 7,152 shares of company stock worth $482,278. 0.95% of the stock is owned by insiders.

Institutional Trading of Chart Industries

Several hedge funds and other institutional investors have recently modified their holdings of the business. Capital World Investors lifted its stake in Chart Industries by 0.4% in the 4th quarter. Capital World Investors now owns 4,986,531 shares of the industrial products company’s stock worth $679,814,000 after acquiring an additional 17,450 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Chart Industries by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company’s stock worth $693,243,000 after purchasing an additional 45,137 shares in the last quarter. Bamco Inc. NY lifted its position in shares of Chart Industries by 2.2% in the first quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company’s stock worth $192,725,000 after purchasing an additional 25,000 shares in the last quarter. King Luther Capital Management Corp boosted its holdings in shares of Chart Industries by 6.3% during the second quarter. King Luther Capital Management Corp now owns 1,002,758 shares of the industrial products company’s stock worth $144,738,000 after purchasing an additional 59,322 shares during the period. Finally, Principal Financial Group Inc. grew its position in Chart Industries by 10.7% during the second quarter. Principal Financial Group Inc. now owns 770,465 shares of the industrial products company’s stock valued at $111,209,000 after purchasing an additional 74,519 shares in the last quarter.

Chart Industries Company Profile

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.