Barclays Lowers Chart Industries (NYSE:GTLS) Price Target to $145.00

Chart Industries (NYSE:GTLS) had its price target dropped by stock analysts at Barclays from $146.00 to $145.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s price target would indicate a potential downside of 2.66% from the company’s current price.

Several other brokerages also recently weighed in on GTLS. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a research report on Monday, September 16th. Bank of America decreased their price objective on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Stifel Nicolaus decreased their target price on Chart Industries from $199.00 to $198.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group cut their price target on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Chart Industries has a consensus rating of “Moderate Buy” and a consensus price target of $178.82.

Chart Industries Price Performance

Chart Industries stock opened at $148.96 on Monday. Chart Industries has a 12-month low of $101.60 and a 12-month high of $171.68. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The stock has a market cap of $6.38 billion, a P/E ratio of 43.18, a price-to-earnings-growth ratio of 0.61 and a beta of 1.71. The company has a fifty day simple moving average of $121.91 and a 200-day simple moving average of $136.85.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the company posted $1.28 earnings per share. The company’s revenue was up 18.3% compared to the same quarter last year. Equities analysts expect that Chart Industries will post 9.94 EPS for the current fiscal year.

Insider Activity at Chart Industries

In other news, Director Paul E. Mahoney acquired 500 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was bought at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the transaction, the director now owns 2,107 shares in the company, valued at $224,500.85. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Chart Industries news, Director Linda S. Harty acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average price of $113.50 per share, with a total value of $113,500.00. Following the completion of the acquisition, the director now directly owns 10,640 shares of the company’s stock, valued at approximately $1,207,640. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Paul E. Mahoney bought 500 shares of Chart Industries stock in a transaction on Wednesday, September 11th. The stock was acquired at an average cost of $106.55 per share, with a total value of $53,275.00. Following the acquisition, the director now owns 2,107 shares of the company’s stock, valued at $224,500.85. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 7,152 shares of company stock worth $482,278 in the last three months. Insiders own 0.95% of the company’s stock.

Hedge Funds Weigh In On Chart Industries

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC purchased a new stake in Chart Industries during the first quarter worth about $30,000. Norden Group LLC acquired a new stake in shares of Chart Industries in the 1st quarter worth approximately $221,000. Commonwealth Equity Services LLC increased its stake in Chart Industries by 28.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 5,540 shares of the industrial products company’s stock valued at $913,000 after purchasing an additional 1,222 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Chart Industries by 5.9% during the first quarter. Janney Montgomery Scott LLC now owns 13,712 shares of the industrial products company’s stock worth $2,259,000 after purchasing an additional 761 shares during the last quarter. Finally, FORA Capital LLC purchased a new stake in Chart Industries during the first quarter worth $393,000.

About Chart Industries

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.