Wells Fargo & Company Cuts Chart Industries (NYSE:GTLS) Price Target to $208.00

Chart Industries (NYSE:GTLS) had its price objective lowered by Wells Fargo & Company from $214.00 to $208.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 61.22% from the company’s previous close.

A number of other research analysts also recently issued reports on GTLS. Citigroup boosted their price target on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 13th. BTIG Research increased their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, December 16th. TD Cowen lifted their price target on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. The Goldman Sachs Group upped their price objective on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Finally, Barclays upped their price objective on Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $201.83.

Chart Industries Trading Down 14.7 %

Shares of Chart Industries stock traded down $22.29 during trading on Tuesday, hitting $129.02. The company’s stock had a trading volume of 501,370 shares, compared to its average volume of 687,067. Chart Industries has a 52 week low of $101.60 and a 52 week high of $220.03. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of 37.40, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The stock has a 50-day moving average price of $177.40 and a two-hundred day moving average price of $169.07. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results 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 company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the business earned $2.25 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts anticipate that Chart Industries will post 9.02 EPS for the current fiscal year.

Insider Transactions at Chart Industries

In other news, Director Linda S. Harty bought 500 shares of the stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $140.85 per share, with a total value of $70,425.00. Following the purchase, the director now directly owns 11,684 shares in the company, valued at $1,645,691.40. The trade was a 4.47 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jillian C. Evanko acquired 350 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $150.35 per share, with a total value of $52,622.50. Following the completion of the transaction, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at approximately $20,698,083.10. This represents a 0.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 1,109 shares of company stock worth $160,845 over the last 90 days. 0.95% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Chart Industries

A number of institutional investors have recently bought and sold shares of GTLS. MassMutual Private Wealth & Trust FSB increased its position in shares of Chart Industries by 653.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 791 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 686 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Chart Industries during the fourth quarter worth $581,000. Lansforsakringar Fondforvaltning AB publ acquired a new position in Chart Industries during the 4th quarter worth about $6,917,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Chart Industries in the fourth quarter valued at approximately $11,498,000. Finally, Neo Ivy Capital Management purchased a new stake in Chart Industries during the 4th quarter worth approximately $1,783,000.

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.