Chart Industries (NYSE:GTLS) Trading Up 5.9% After Analyst Upgrade

Chart Industries, Inc. (NYSE:GTLS) traded up 5.9% on Monday after Craig Hallum raised their price target on the stock from $199.00 to $207.00. Craig Hallum currently has a buy rating on the stock. Chart Industries traded as high as $138.38 and last traded at $137.73. 208,428 shares changed hands during trading, a decline of 66% from the average session volume of 622,063 shares. The stock had previously closed at $130.00.

A number of other equities research analysts have also weighed in on GTLS. Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Stifel Nicolaus raised 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. Wells Fargo & Company lowered their price objective on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. The Goldman Sachs Group lowered their price objective on Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Finally, Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price for the company in a research report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $178.82.

Insider Buying and Selling

In related news, CEO Jillian C. Evanko acquired 440 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the purchase, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other Chart Industries news, Director Linda S. Harty purchased 1,000 shares of Chart Industries stock in a transaction on Friday, September 13th. The stock was bought at an average price of $113.50 per share, for a total transaction of $113,500.00. Following the transaction, the director now owns 10,640 shares of the company’s stock, valued at $1,207,640. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jillian C. Evanko purchased 440 shares of Chart Industries stock in a transaction on Thursday, September 5th. The shares were acquired at an average price of $114.31 per share, with a total value of $50,296.40. Following the transaction, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 7,152 shares of company stock worth $482,278 in the last three months. 0.95% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GTLS. Allspring Global Investments Holdings LLC acquired a new stake in shares of Chart Industries in the first quarter valued at $30,000. UMB Bank n.a. lifted its holdings in shares of Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after buying an additional 255 shares during the period. Byrne Asset Management LLC acquired a new stake in shares of Chart Industries in the second quarter valued at $40,000. Ecofi Investissements SA acquired a new stake in shares of Chart Industries in the second quarter valued at $50,000. Finally, Covestor Ltd lifted its holdings in shares of Chart Industries by 509.8% in the first quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock valued at $61,000 after buying an additional 311 shares during the period.

Chart Industries Stock Performance

The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.98. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 39.68, a price-to-earnings-growth ratio of 0.56 and a beta of 1.71. The company has a fifty day moving average price of $121.62 and a two-hundred day moving average price of $136.98.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the company earned $1.28 earnings per share. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. As a group, equities research analysts expect that Chart Industries, Inc. will post 9.94 EPS for the current year.

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.