Chart Industries (NYSE:GTLS) Price Target Cut to $146.00

Chart Industries (NYSE:GTLS) had its target price decreased by equities research analysts at Barclays from $147.00 to $146.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s price objective points to a potential upside of 14.73% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Craig Hallum cut their price target on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Stifel Nicolaus cut their target price on Chart Industries from $199.00 to $198.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Bank of America decreased their target price on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday. The Goldman Sachs Group reduced their price objective on Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Finally, Evercore ISI raised Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $178.00.

Chart Industries Stock Up 2.2 %

Chart Industries stock traded up $2.69 during trading on Wednesday, reaching $127.25. The stock had a trading volume of 325,299 shares, compared to its average volume of 612,627. 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 $171.68. The stock has a market cap of $5.45 billion, a PE ratio of 126.87, a P/E/G ratio of 0.40 and a beta of 1.70. The business has a 50 day moving average price of $119.30 and a 200 day moving average price of $139.73.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.57 by ($0.39). The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company earned $1.19 EPS. On average, analysts predict that Chart Industries will post 10.42 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Jillian C. Evanko bought 440 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the transaction, the chief executive officer now owns 125,448 shares in the company, valued at $14,339,960.88. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Jillian C. Evanko acquired 440 shares of Chart Industries stock in a transaction dated Thursday, September 5th. The shares were acquired at an average cost of $114.31 per share, with a total value of $50,296.40. Following the purchase, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul E. Mahoney purchased 500 shares of Chart Industries stock in a transaction on Wednesday, September 11th. The shares were acquired at an average cost of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the transaction, the director now owns 2,107 shares of the company’s stock, valued at $224,500.85. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 7,152 shares of company stock worth $482,278. Company insiders own 0.95% of the company’s stock.

Institutional Trading of Chart Industries

Large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Chart Industries in the first quarter worth about $30,000. Rise Advisors LLC boosted its stake in shares of Chart Industries by 905.0% in the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 181 shares during the period. Byrne Asset Management LLC acquired a new stake in Chart Industries during the 2nd quarter valued at $40,000. UMB Bank n.a. increased its stake in Chart Industries by 418.0% during the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after buying an additional 255 shares during the period. Finally, Ecofi Investissements SA acquired a new position in Chart Industries in the 2nd quarter worth $50,000.

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.