Chart Industries (NYSE:GTLS) Trading Up 5.9% Following Analyst Upgrade

Chart Industries, Inc. (NYSE:GTLS)’s stock price rose 5.9% on Monday after Craig Hallum raised their price target on the stock from $199.00 to $207.00. Craig Hallum currently has a buy rating on the stock. Chart Industries traded as high as $138.38 and last traded at $137.73. Approximately 208,428 shares were traded during trading, a decline of 66% from the average daily volume of 622,063 shares. The stock had previously closed at $130.00.

GTLS has been the topic of several other research reports. 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 report on Monday. Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target on the stock in a report on Monday, September 16th. Wells Fargo & Company dropped their price objective on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group reduced their target price on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Three 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $178.82.

Insider Transactions at Chart Industries

In other news, Director Linda S. Harty purchased 5,000 shares of the stock in a transaction on Monday, September 16th. The stock was purchased at an average price of $48.05 per share, with a total value of $240,250.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $240,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Chart Industries news, Director Linda S. Harty acquired 5,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was bought at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at $240,250. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Linda S. Harty bought 1,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was acquired at an average cost of $113.50 per share, for a total transaction of $113,500.00. Following the purchase, 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 disclosure for this purchase can be found here. Insiders bought a total of 7,152 shares of company stock worth $482,278 in the last ninety days. Insiders own 0.95% of the company’s stock.

Institutional Investors Weigh In On Chart Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new position in Chart Industries during the 1st quarter worth approximately $30,000. Ashton Thomas Securities LLC purchased a new stake in shares of Chart Industries during the third quarter valued at approximately $34,000. UMB Bank n.a. lifted its position in shares of Chart Industries by 418.0% during the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 255 shares in the last quarter. Byrne Asset Management LLC purchased a new position in shares of Chart Industries in the second quarter valued at $40,000. Finally, Ecofi Investissements SA acquired a new stake in Chart Industries during the 2nd quarter valued at $50,000.

Chart Industries Price Performance

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 PE ratio of 43.18, a P/E/G ratio of 0.61 and a beta of 1.71. The company’s 50 day moving average is $121.91 and its 200-day moving average is $136.85.

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). The business 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 was up 18.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.28 earnings per share. As a group, sell-side analysts predict that Chart Industries, Inc. will post 9.94 earnings per share for the current year.

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.