Chart Industries, Inc. (NYSE:GTLS) Given Average Rating of “Moderate Buy” by Brokerages

Chart Industries, Inc. (NYSE:GTLS) has earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $178.82.

Several brokerages have commented on GTLS. Barclays lowered their price objective on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Craig Hallum upped their price objective 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. The Goldman Sachs Group lowered their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target on the stock in a research note on Monday, September 16th. Finally, Stifel Nicolaus lifted their price objective on Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, November 4th.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $193.90 on Wednesday. Chart Industries has a 1 year low of $101.60 and a 1 year high of $196.91. The stock has a market capitalization of $8.30 billion, a P/E ratio of 56.20, a P/E/G ratio of 0.99 and a beta of 1.86. The company’s 50-day moving average is $145.20 and its 200 day moving average is $140.13. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). The firm had revenue of $1.06 billion during 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 firm’s revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.28 EPS. On average, sell-side analysts expect that Chart Industries will post 9.03 earnings per share for the current year.

Insider Buying and Selling

In other Chart Industries news, Director Paul E. Mahoney purchased 500 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the purchase, the director now directly owns 2,107 shares of the company’s stock, valued at $224,500.85. The trade was a 31.11 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda S. Harty bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was bought at an average cost of $113.50 per share, for a total transaction of $113,500.00. Following the completion of the acquisition, the director now owns 10,640 shares in the company, valued at $1,207,640. This trade represents a 10.37 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 7,152 shares of company stock valued at $482,278. 0.95% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GTLS. Tidal Investments LLC raised its position in shares of Chart Industries by 18.1% during 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 during the period. First Hawaiian Bank raised its holdings in Chart Industries by 10.8% during the second quarter. First Hawaiian Bank now owns 1,925 shares of the industrial products company’s stock valued at $278,000 after acquiring an additional 187 shares during the period. Mather Group LLC. lifted its position in shares of Chart Industries by 29.3% in the second quarter. Mather Group LLC. now owns 882 shares of the industrial products company’s stock valued at $127,000 after acquiring an additional 200 shares in the last quarter. CWM LLC boosted its stake in shares of Chart Industries by 4.7% in the second quarter. CWM LLC now owns 19,901 shares of the industrial products company’s stock worth $2,873,000 after acquiring an additional 888 shares during the period. Finally, Linden Thomas Advisory Services LLC grew its position in shares of Chart Industries by 21.8% during the second quarter. Linden Thomas Advisory Services LLC now owns 4,173 shares of the industrial products company’s stock worth $602,000 after purchasing an additional 748 shares in 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.