Analysts Set Chart Industries, Inc. (NYSE:GTLS) PT at $201.83

Shares of Chart Industries, Inc. (NYSE:GTLS) have been given an average rating of “Moderate Buy” by the thirteen analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $201.42.

GTLS has been the subject of several analyst reports. Citigroup raised their target price on Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Wells Fargo & Company reduced their price objective on shares of Chart Industries from $214.00 to $208.00 and set an “overweight” rating for the company in a research note on Tuesday, April 1st. The Goldman Sachs Group upped their target price on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Barclays cut their price target on shares of Chart Industries from $165.00 to $160.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, TD Cowen upped their price target on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, March 3rd.

Insider Activity at Chart Industries

In other Chart Industries news, VP Gerald F. Vinci purchased 175 shares of the stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $147.89 per share, with a total value of $25,880.75. Following the completion of the purchase, the vice president now directly owns 475 shares of the company’s stock, valued at approximately $70,247.75. This trade represents a 58.33 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jillian C. Evanko acquired 350 shares of Chart Industries stock in a transaction dated Thursday, March 6th. The shares were bought at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the purchase, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at approximately $20,698,083.10. The trade was a 0.25 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 1,109 shares of company stock valued at $160,845 over the last 90 days. 0.95% of the stock is owned by insiders.

Institutional Investors Weigh In On Chart Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. 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 buying an additional 48 shares during the period. First Manhattan CO. LLC. raised its stake in shares of Chart Industries by 3.1% during 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 holdings in shares of 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 stake 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 worth $417,000 after purchasing an additional 64 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 65 shares during the period.

Chart Industries Stock Performance

Shares of GTLS stock opened at $121.68 on Tuesday. The firm’s 50 day moving average is $163.23 and its 200 day moving average is $168.71. The stock has a market capitalization of $5.56 billion, a P/E ratio of 35.27, a PEG ratio of 0.57 and a beta of 1.68. Chart Industries has a 12 month low of $101.60 and a 12 month high of $220.03. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last posted its 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). The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.25 EPS. On average, sell-side analysts anticipate 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.