Chart Industries (NYSE:GTLS) Price Target Raised to $200.00

Chart Industries (NYSE:GTLS) had its price target hoisted by Stifel Nicolaus from $198.00 to $200.00 in a research note published on Monday, Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Several other brokerages have also recently issued reports on GTLS. Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Barclays dropped their price objective on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday. Wells Fargo & Company decreased their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. The Goldman Sachs Group decreased their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Finally, Bank of America decreased their target price on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Chart Industries presently has an average rating of “Moderate Buy” and a consensus target price of $178.82.

Chart Industries Stock Up 11.3 %

GTLS stock opened at $165.93 on Monday. The stock has a market capitalization of $7.10 billion, a P/E ratio of 48.10, a P/E/G ratio of 0.73 and a beta of 1.71. The firm has a 50-day simple moving average of $123.28 and a 200-day simple moving average of $137.06. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries has a 52 week low of $101.60 and a 52 week high of $171.68.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.28 EPS. Equities analysts forecast that Chart Industries will post 9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Chart Industries news, CEO Jillian C. Evanko bought 440 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased 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 in the company, valued at approximately $14,339,960.88. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Linda S. Harty acquired 1,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were bought at an average cost of $113.50 per share, with a total value of $113,500.00. Following the transaction, the director now owns 10,640 shares in the company, valued at approximately $1,207,640. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jillian C. Evanko bought 440 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the transaction, the chief executive officer now directly owns 125,448 shares in the company, valued at approximately $14,339,960.88. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 7,152 shares of company stock valued at $482,278 in the last ninety days. Company insiders own 0.95% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Chart Industries by 1.1% during the 1st 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 during the period. Bamco Inc. NY lifted its stake in shares of Chart Industries by 2.2% in the 1st quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company’s stock worth $192,725,000 after acquiring an additional 25,000 shares during the period. King Luther Capital Management Corp lifted its stake in shares of Chart Industries by 6.3% in the 2nd quarter. King Luther Capital Management Corp now owns 1,002,758 shares of the industrial products company’s stock worth $144,738,000 after acquiring an additional 59,322 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Chart Industries by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock worth $99,673,000 after acquiring an additional 32,442 shares during the period. Finally, Perpetual Ltd lifted its stake in shares of Chart Industries by 7.3% in the 3rd quarter. Perpetual Ltd now owns 500,256 shares of the industrial products company’s stock worth $62,102,000 after acquiring an additional 34,153 shares during the period.

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.