Chart Industries (NYSE:GTLS) Price Target Lowered to $145.00 at Barclays

Chart Industries (NYSE:GTLS) had its target price cut by Barclays from $146.00 to $145.00 in a report published on Monday morning, Benzinga reports. They currently have an equal weight rating on the industrial products company’s stock.

A number of other equities research analysts also recently issued reports on GTLS. Evercore ISI raised Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Stifel Nicolaus dropped their price target on Chart Industries from $199.00 to $198.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Craig Hallum reduced their price objective on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Bank of America dropped their target price on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Morgan Stanley upgraded 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 research report on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $178.82.

Chart Industries Stock Performance

NYSE GTLS traded up $2.04 during trading on Monday, reaching $143.47. 67,200 shares of the company’s stock were exchanged, compared to its average volume of 630,138. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The business has a 50 day moving average price of $121.62 and a 200-day moving average price of $136.90. The stock has a market capitalization of $6.14 billion, a P/E ratio of 40.99, a PEG ratio of 0.61 and a beta of 1.71. Chart Industries has a fifty-two week low of $101.60 and a fifty-two week high of $171.68.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data 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 return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm earned $1.28 EPS. The company’s revenue was up 18.3% on a year-over-year basis. Sell-side analysts forecast that Chart Industries will post 9.94 earnings per share for the current fiscal year.

Insider Activity at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the transaction, the chief executive officer now owns 125,448 shares in the company, valued at $14,339,960.88. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Jillian C. Evanko bought 440 shares of Chart Industries stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the acquisition, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Linda S. Harty acquired 5,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were 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 of the company’s stock, valued at $240,250. The disclosure for this purchase can be found here. Insiders acquired a total of 7,152 shares of company stock worth $482,278 in the last quarter. 0.95% of the stock is owned by insiders.

Hedge Funds Weigh In On Chart Industries

Large investors have recently added to or reduced their stakes in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Chart Industries by 28.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 118,774 shares of the industrial products company’s stock worth $19,564,000 after acquiring an additional 26,627 shares in the last quarter. SIR Capital Management L.P. raised its holdings in shares of Chart Industries by 74.7% during the second quarter. SIR Capital Management L.P. now owns 97,342 shares of the industrial products company’s stock valued at $14,050,000 after acquiring an additional 41,626 shares in the last quarter. Silvercrest Asset Management Group LLC bought a new position in Chart Industries in the first quarter worth about $15,702,000. NBW Capital LLC boosted its holdings in shares of Chart Industries by 28.7% during the 1st quarter. NBW Capital LLC now owns 58,651 shares of the industrial products company’s stock valued at $9,661,000 after buying an additional 13,062 shares in the last quarter. Finally, Lisanti Capital Growth LLC grew its stake in shares of Chart Industries by 99.1% in the 1st quarter. Lisanti Capital Growth LLC now owns 32,230 shares of the industrial products company’s stock worth $5,309,000 after buying an additional 16,040 shares during the last quarter.

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.