Chart Industries, Inc. (NYSE:GTLS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Chart Industries, Inc. (NYSE:GTLS) have been given an average rating of “Moderate Buy” by the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $201.42.

Several equities research analysts have issued reports on the stock. TD Cowen boosted their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. BTIG Research boosted their price target on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Wells Fargo & Company decreased their price target on shares of Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 1st. Stifel Nicolaus boosted their target price on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Finally, Morgan Stanley reduced their price target on shares of Chart Industries from $275.00 to $250.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th.

Insider Transactions at Chart Industries

In related news, VP Gerald F. Vinci purchased 175 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the acquisition, the vice president now directly owns 475 shares in the company, valued at $70,247.75. This trade represents a 58.33 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jillian C. Evanko bought 350 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the purchase, the chief executive officer now owns 137,666 shares in the company, valued at approximately $20,698,083.10. This trade represents a 0.25 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 1,109 shares of company stock worth $160,845. Company insiders own 0.95% of the company’s stock.

Institutional Investors Weigh In On Chart Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Archford Capital Strategies LLC boosted its position in Chart Industries by 2.2% during the 4th quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company’s stock valued at $433,000 after purchasing an additional 48 shares during the period. First Manhattan CO. LLC. lifted its stake in Chart Industries by 3.1% in the fourth quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company’s stock valued at $340,000 after acquiring an additional 54 shares during the last quarter. MML Investors Services LLC boosted 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 worth $245,000 after purchasing an additional 63 shares during the period. Assetmark Inc. grew its position in shares of Chart Industries by 3.0% in the fourth quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company’s stock valued at $417,000 after purchasing an additional 64 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 65 shares during the last quarter.

Chart Industries Stock Up 2.6 %

NYSE GTLS opened at $124.96 on Tuesday. Chart Industries has a 52 week low of $101.60 and a 52 week high of $220.03. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $5.71 billion, a P/E ratio of 36.22, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. The stock’s 50-day moving average price is $161.53 and its 200-day moving average price is $168.72.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the company earned $2.25 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. On average, equities research analysts predict that Chart Industries will post 9.02 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.