Brokerages Set Chart Industries, Inc. (NYSE:GTLS) Price Target at $194.08

Chart Industries, Inc. (NYSE:GTLS) has been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $196.08.

Several research analysts recently issued reports on GTLS shares. Wells Fargo & Company cut their price target on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Citigroup increased their target price on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Stifel Nicolaus increased their target price on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. BTIG Research increased their target price on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, The Goldman Sachs Group increased their target price on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th.

Chart Industries Trading Up 0.4 %

NYSE GTLS opened at $155.48 on Friday. The stock has a market capitalization of $7.10 billion, a P/E ratio of 45.07, a P/E/G ratio of 0.57 and a beta of 1.87. Chart Industries has a 52-week low of $101.60 and a 52-week high of $220.03. The firm has a 50-day moving average price of $187.64 and a 200 day moving average price of $166.15. 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 posted its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.20 by ($0.54). The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.25 earnings per share. Equities research analysts expect that Chart Industries will post 9.02 EPS for the current year.

Insider Activity

In other news, Director Linda S. Harty bought 500 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the transaction, the director now owns 11,684 shares in the company, valued at $1,645,691.40. The trade was a 4.47 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jillian C. Evanko bought 350 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the transaction, the chief executive officer now owns 137,666 shares of the company’s stock, valued at $20,698,083.10. The trade was a 0.25 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 1,109 shares of company stock worth $160,845 over the last ninety days. 0.95% of the stock is currently owned by insiders.

Institutional Trading of Chart Industries

Hedge funds have recently bought and sold shares of the company. National Bank of Canada FI boosted its position in Chart Industries by 328.7% during the third quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock worth $839,000 after acquiring an additional 5,181 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Chart Industries by 248.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock worth $2,744,000 after purchasing an additional 15,862 shares during the period. Fisher Asset Management LLC raised its stake in Chart Industries by 2.3% during the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock worth $73,551,000 after purchasing an additional 13,181 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. raised its stake in Chart Industries by 26.7% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock worth $1,813,000 after purchasing an additional 2,000 shares during the period. Finally, Premier Fund Managers Ltd purchased a new position in Chart Industries during the third quarter worth approximately $733,000.

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.