Analysts Set Chart Industries, Inc. (NYSE:GTLS) PT at $178.82

Shares of Chart Industries, Inc. (NYSE:GTLS) have received an average rating of “Moderate Buy” from the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $178.82.

GTLS has been the subject of several research reports. Wells Fargo & Company cut their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Stifel Nicolaus lifted their target price on shares of Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Craig Hallum raised their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Barclays lowered their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Finally, Bank of America decreased their price objective on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, October 14th.

Chart Industries Price Performance

GTLS stock opened at $165.88 on Friday. The stock has a market cap of $7.10 billion, a PE ratio of 48.08, a price-to-earnings-growth ratio of 0.88 and a beta of 1.71. The stock has a 50-day moving average price of $130.45 and a two-hundred day moving average price of $138.00. Chart Industries has a 1 year low of $101.60 and a 1 year high of $176.16. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the business posted $1.28 EPS. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. Equities analysts forecast that Chart Industries will post 9.03 EPS for the current fiscal year.

Insider Activity at Chart Industries

In other Chart Industries news, Director Paul E. Mahoney acquired 500 shares of Chart Industries stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average cost of $106.55 per share, for a total transaction of $53,275.00. Following the purchase, the director now owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. This represents a 31.11 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda S. Harty purchased 5,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was bought at an average cost of $48.05 per share, with a total value of $240,250.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $240,250. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 7,152 shares of company stock worth $482,278. Insiders own 0.95% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GTLS. EFG Asset Management North America Corp. grew its stake in Chart Industries by 0.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company’s stock worth $1,916,000 after buying an additional 63 shares in the last quarter. MML Investors Services LLC raised its position in Chart Industries by 3.3% during the third quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock valued at $245,000 after purchasing an additional 63 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Chart Industries by 3.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock valued at $270,000 after purchasing an additional 64 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Chart Industries by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 11,836 shares of the industrial products company’s stock worth $1,708,000 after purchasing an additional 87 shares in the last quarter. Finally, Aristeia Capital L.L.C. increased its position in shares of Chart Industries by 3.7% during the 2nd quarter. Aristeia Capital L.L.C. now owns 2,611 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 92 shares during 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.