Chart Industries, Inc. (NYSE:GTLS) Receives $194.08 Consensus PT from Brokerages

Shares of Chart Industries, Inc. (NYSE:GTLS) have received an average rating of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $194.08.

Several analysts have recently issued reports on GTLS shares. The Goldman Sachs Group upped their target price on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. TD Cowen upped their price objective on Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Stifel Nicolaus lifted their target price on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Wells Fargo & Company decreased their price target on Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Finally, BTIG Research lifted their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, December 16th.

Chart Industries Trading Up 4.4 %

Shares of GTLS stock opened at $149.06 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 43.20, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. Chart Industries has a 12-month low of $101.60 and a 12-month high of $220.03. The stock’s 50-day moving average price is $191.59 and its 200-day moving average price is $165.91.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.25 earnings per share. Equities research analysts predict that Chart Industries will post 9.02 EPS for the current fiscal year.

Insider Activity at Chart Industries

In other news, VP Gerald F. Vinci acquired 175 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the completion of the acquisition, the vice president now directly owns 475 shares of the company’s stock, valued at $70,247.75. The trade was a 58.33 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Linda S. Harty bought 500 shares of the company’s stock in a transaction on Monday, March 10th. The shares were acquired at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the acquisition, the director now owns 11,684 shares in the company, valued at $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 1,109 shares of company stock worth $160,845. Company insiders own 0.95% of the company’s stock.

Institutional Trading of Chart Industries

A number of hedge funds have recently bought and sold shares of the stock. Capital Analysts LLC bought a new position in shares of Chart Industries in the 4th quarter worth $25,000. Smartleaf Asset Management LLC raised its holdings in Chart Industries by 129.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 92 shares in the last quarter. Fairway Wealth LLC bought a new position in Chart Industries in the fourth quarter worth about $34,000. Blue Trust Inc. boosted its holdings in shares of Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after buying an additional 65 shares in the last quarter. Finally, Spire Wealth Management grew its position in shares of Chart Industries by 183.8% in the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after buying an additional 125 shares during the last quarter.

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.