Chart Industries (GTLS) – Investment Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Chart Industries (NYSE: GTLS):

• 10/16/2024 – Chart Industries had its price target lowered by analysts at Barclays PLC from $147.00 to $146.00. They now have an “equal weight” rating on the stock.
• 10/14/2024 – Chart Industries had its price target lowered by analysts at Bank of America Co. from $185.00 to $165.00. They now have a “buy” rating on the stock.
• 10/9/2024 – Chart Industries had its price target lowered by analysts at Stifel Nicolaus from $199.00 to $198.00. They now have a “buy” rating on the stock.
• 10/3/2024 – Chart Industries had its price target lowered by analysts at Wells Fargo & Company from $151.00 to $146.00. They now have an “overweight” rating on the stock.
• 9/16/2024 – Chart Industries was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $175.00 price target on the stock.
• 8/29/2024 – Chart Industries had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $168.00 to $144.00. They now have a “neutral” rating on the stock.
• 8/26/2024 – Chart Industries had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $199.00 price target on the stock.

Chart Industries Price Performance

Chart Industries stock opened at $127.16 on Thursday. The stock has a market capitalization of $5.44 billion, a P/E ratio of 127.16, a P/E/G ratio of 0.40 and a beta of 1.70. The company’s fifty day moving average price is $119.56 and its 200 day moving average price is $139.64. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.98 and a current ratio of 1.27. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $171.68.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) 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 firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the firm earned $1.19 earnings per share. The business’s revenue was up 14.5% on a year-over-year basis. As a group, equities research analysts anticipate that Chart Industries, Inc. will post 10.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Chart Industries news, Director Linda S. Harty acquired 5,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was bought at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the acquisition, the director now 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 the SEC website. In other news, Director Paul E. Mahoney purchased 500 shares of Chart Industries stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average price of $106.55 per share, with a total value of $53,275.00. Following the transaction, the director now owns 2,107 shares in the company, valued at $224,500.85. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linda S. Harty purchased 5,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was acquired at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the purchase, the director now owns 5,000 shares in the company, valued at approximately $240,250. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 7,152 shares of company stock worth $482,278. 0.95% of the stock is owned by insiders.

Institutional Trading of Chart Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Chart Industries by 28.9% during the 1st 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 buying an additional 26,627 shares during the period. SIR Capital Management L.P. raised its position in Chart Industries by 74.7% in the 2nd quarter. SIR Capital Management L.P. now owns 97,342 shares of the industrial products company’s stock valued at $14,050,000 after purchasing an additional 41,626 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of Chart Industries by 5.1% in the 1st quarter. Retirement Systems of Alabama now owns 114,685 shares of the industrial products company’s stock valued at $18,891,000 after buying an additional 5,541 shares during the period. Silvercrest Asset Management Group LLC acquired a new position in shares of Chart Industries during the first quarter worth about $15,702,000. Finally, NBW Capital LLC increased its stake in shares of Chart Industries by 28.7% during the first quarter. NBW Capital LLC now owns 58,651 shares of the industrial products company’s stock worth $9,661,000 after buying an additional 13,062 shares during the period.

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.