Chart Industries’ (GTLS) Strong-Buy Rating Reiterated at Raymond James

Raymond James reaffirmed their strong-buy rating on shares of Chart Industries (NYSE:GTLS) in a report published on Monday,Benzinga reports. They currently have a $190.00 price objective on the industrial products company’s stock.

A number of other equities research analysts have also recently commented on the stock. Craig Hallum lifted their price target on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target on the stock in a research report on Monday, September 16th. Bank of America decreased their price objective on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, October 14th. Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Stifel Nicolaus increased their target price on shares of Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $178.82.

Chart Industries Price Performance

Chart Industries stock opened at $193.40 on Monday. Chart Industries has a 52 week low of $101.60 and a 52 week high of $196.91. The company’s 50 day moving average price is $143.84 and its two-hundred day moving average price is $139.86. The stock has a market cap of $8.28 billion, a P/E ratio of 55.44, a P/E/G ratio of 0.99 and a beta of 1.71. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last issued its quarterly 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). The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business’s revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 earnings per share. On average, equities analysts predict that Chart Industries will post 9.03 earnings per share for the current year.

Insider Activity

In related news, Director Paul E. Mahoney acquired 500 shares of the stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average price of $106.55 per share, for a total transaction 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 31.11 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Linda S. Harty acquired 5,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were bought at an average cost of $48.05 per share, with a total value of $240,250.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at $240,250. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders bought 7,152 shares of company stock worth $482,278 in the last three months. Corporate insiders own 0.95% of the company’s stock.

Hedge Funds Weigh In On Chart Industries

A number of hedge funds and other institutional investors have recently modified their holdings of GTLS. Price T Rowe Associates Inc. MD lifted its position in Chart Industries by 5.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,321 shares of the industrial products company’s stock worth $5,324,000 after buying an additional 1,627 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Chart Industries by 18.1% in the 1st quarter. Tidal Investments LLC now owns 4,906 shares of the industrial products company’s stock valued at $808,000 after purchasing an additional 752 shares in the last quarter. First Hawaiian Bank grew its holdings in shares of Chart Industries by 10.8% during the 2nd quarter. First Hawaiian Bank now owns 1,925 shares of the industrial products company’s stock valued at $278,000 after purchasing an additional 187 shares during the last quarter. Mather Group LLC. boosted its position in Chart Industries by 29.3% during the second quarter. Mather Group LLC. now owns 882 shares of the industrial products company’s stock valued at $127,000 after buying an additional 200 shares during the period. Finally, CWM LLC grew its stake in shares of Chart Industries by 4.7% during the second quarter. CWM LLC now owns 19,901 shares of the industrial products company’s stock valued at $2,873,000 after buying an additional 888 shares during 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.