Chart Industries (NYSE:GTLS) PT Lowered to $146.00 at Barclays

Chart Industries (NYSE:GTLS) had its price target reduced by Barclays from $147.00 to $146.00 in a research report sent to investors on Wednesday morning, Benzinga reports. Barclays currently has an equal weight rating on the industrial products company’s stock.

Several other equities analysts also recently commented on GTLS. Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Morgan Stanley raised 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. Wells Fargo & Company dropped their price target on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Bank of America decreased their price objective on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Craig Hallum dropped their target price on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $178.00.

Chart Industries Price Performance

GTLS opened at $126.15 on Wednesday. The stock has a fifty day moving average price of $120.00 and a 200 day moving average price of $139.32. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28. Chart Industries has a 1 year low of $101.60 and a 1 year high of $171.68. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 126.15, a PEG ratio of 0.40 and a beta of 1.70.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.57 by ($0.39). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm earned $1.19 earnings per share. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. Analysts forecast that Chart Industries will post 10.42 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jillian C. Evanko acquired 440 shares of Chart Industries stock in a transaction on Thursday, September 5th. The stock was bought at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the transaction, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other Chart Industries news, CEO Jillian C. Evanko bought 440 shares of the stock in a transaction that occurred 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 completion of the purchase, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Linda S. Harty purchased 5,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were acquired at an average price of $48.05 per share, with a total value of $240,250.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $240,250. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 7,152 shares of company stock valued at $482,278. Insiders own 0.95% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management UK Ltd. grew its holdings in shares of Chart Industries by 15.4% in the 3rd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 7,500 shares of the industrial products company’s stock worth $931,000 after purchasing an additional 1,000 shares during the last quarter. Inspire Advisors LLC bought a new stake in Chart Industries during the third quarter worth about $690,000. nVerses Capital LLC acquired a new stake in shares of Chart Industries during the third quarter worth approximately $87,000. Beech Hill Advisors Inc. increased its holdings in shares of Chart Industries by 7.3% during the third quarter. Beech Hill Advisors Inc. now owns 22,971 shares of the industrial products company’s stock worth $2,852,000 after buying an additional 1,566 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its stake in shares of Chart Industries by 10.3% in the third quarter. Vontobel Holding Ltd. now owns 77,883 shares of the industrial products company’s stock valued at $9,668,000 after acquiring an additional 7,257 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.