Chart Industries (NYSE:GTLS) Stock Rating Upgraded by Morgan Stanley

Chart Industries (NYSE:GTLS) was upgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a note issued to investors on Monday, MarketBeat reports. The brokerage presently has a $175.00 target price on the industrial products company’s stock. Morgan Stanley’s price objective indicates a potential upside of 45.87% from the stock’s current price.

Other research analysts have also issued reports about the stock. Stifel Nicolaus reissued a “buy” rating and issued a $199.00 target price on shares of Chart Industries in a research note on Monday, August 26th. Barclays decreased their target price on shares of Chart Industries from $193.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th. The Goldman Sachs Group reduced their price target on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Wells Fargo & Company reduced their price target on shares of Chart Industries from $179.00 to $151.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Finally, Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Chart Industries currently has an average rating of “Moderate Buy” and a consensus price target of $185.54.

Chart Industries Trading Up 2.3 %

GTLS stock opened at $119.97 on Monday. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28. Chart Industries has a 12-month low of $101.60 and a 12-month high of $176.85. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 120.12, a PEG ratio of 0.35 and a beta of 1.70. The business’s 50-day moving average is $131.67 and its 200 day moving average is $143.69.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the business earned $1.19 earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Chart Industries will post 10.57 EPS for the current fiscal year.

Insider Buying and Selling at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the purchase, the chief executive officer now directly owns 125,448 shares in the company, valued at approximately $14,339,960.88. The purchase was disclosed in a filing with the SEC, which is available through this link. In other Chart Industries news, Director Linda S. Harty purchased 5,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was acquired at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $240,250. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jillian C. Evanko purchased 440 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average price of $114.31 per share, with a total value of $50,296.40. Following the purchase, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. The disclosure for this purchase can be found here. Insiders have bought a total of 7,152 shares of company stock valued at $482,278 over the last quarter. 0.95% of the stock is owned by company insiders.

Hedge Funds Weigh In On Chart Industries

A number of institutional investors and hedge funds have recently modified their holdings of the company. EFG Asset Management North America Corp. grew its stake in shares of Chart Industries by 0.5% during the second quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company’s stock worth $1,916,000 after purchasing an additional 63 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Chart Industries by 3.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock valued at $270,000 after acquiring an additional 64 shares during the last quarter. Banque Cantonale Vaudoise lifted its position in Chart Industries by 5.1% in the first quarter. Banque Cantonale Vaudoise now owns 1,757 shares of the industrial products company’s stock valued at $290,000 after acquiring an additional 85 shares during the last quarter. Arizona State Retirement System lifted its position in Chart Industries by 0.7% in the second quarter. Arizona State Retirement System now owns 11,836 shares of the industrial products company’s stock valued at $1,708,000 after acquiring an additional 87 shares during the last quarter. Finally, Aristeia Capital L.L.C. lifted its position in Chart Industries by 3.7% in the second quarter. Aristeia Capital L.L.C. now owns 2,611 shares of the industrial products company’s stock valued at $377,000 after acquiring an additional 92 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.