Chart Industries (NYSE:GTLS) Price Target Raised to $207.00 at Craig Hallum

Chart Industries (NYSE:GTLS) had its target price lifted by Craig Hallum from $199.00 to $207.00 in a research note released on Monday morning,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Other analysts have also issued reports about the stock. 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 note on Monday, September 16th. The Goldman Sachs Group cut their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Wells Fargo & Company cut their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Bank of America cut their target price on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $178.82.

Chart Industries Trading Down 1.6 %

NYSE GTLS opened at $163.29 on Monday. The firm’s 50-day moving average is $124.06 and its two-hundred day moving average is $137.24. Chart Industries has a 12 month low of $101.60 and a 12 month high of $171.68. 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 stock has a market capitalization of $6.99 billion, a P/E ratio of 47.33, a PEG ratio of 0.73 and a beta of 1.71.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, November 1st. The industrial products company reported $2.18 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 company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company earned $1.28 EPS. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Chart Industries will post 9 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Jillian C. Evanko purchased 440 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of $114.31 per share, with a total value of $50,296.40. Following the completion of the acquisition, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other Chart Industries news, CEO Jillian C. Evanko bought 440 shares of Chart Industries stock in a transaction on Thursday, September 5th. The stock was bought at an average price of $114.31 per share, with a total value of $50,296.40. Following the completion of the acquisition, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul E. Mahoney bought 500 shares of Chart Industries stock in a transaction on Wednesday, September 11th. The stock was acquired at an average cost of $106.55 per share, with a total value of $53,275.00. Following the acquisition, the director now owns 2,107 shares of the company’s stock, valued at $224,500.85. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 7,152 shares of company stock valued at $482,278 over the last three months. 0.95% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. EFG Asset Management North America Corp. increased its position in shares of Chart Industries by 0.5% in the second quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company’s stock valued at $1,916,000 after buying an additional 63 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Chart Industries by 3.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 64 shares in the last quarter. Arizona State Retirement System increased its position in Chart Industries by 0.7% during 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. Aristeia Capital L.L.C. increased its position in 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 worth $377,000 after purchasing an additional 92 shares in the last quarter. Finally, Register Financial Advisors LLC increased its position in Chart Industries by 1.6% during the 2nd quarter. Register Financial Advisors LLC now owns 6,361 shares of the industrial products company’s stock worth $918,000 after purchasing an additional 100 shares in 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.