Chart Industries (NYSE:GTLS) Given New $145.00 Price Target at Barclays

Chart Industries (NYSE:GTLS) had its price objective lowered by stock analysts at Barclays from $146.00 to $145.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s price objective indicates a potential upside of 11.54% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Bank of America decreased their price target on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target for the company in a research note on Monday, September 16th. Wells Fargo & Company reduced their price objective on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Craig Hallum dropped their target price on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Finally, Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Three investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $177.91.

Chart Industries Stock Performance

Chart Industries stock opened at $130.00 on Monday. The stock has a fifty day moving average price of $121.62 and a 200 day moving average price of $136.98. Chart Industries has a 52 week low of $101.60 and a 52 week high of $171.68. The firm has a market capitalization of $5.56 billion, a P/E ratio of 37.68, a PEG ratio of 0.56 and a beta of 1.71. 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 (NYSE:GTLS) last posted its quarterly earnings data 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). 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 analyst estimates of $1.10 billion. During the same period in the prior year, the company earned $1.28 EPS. The company’s revenue was up 18.3% compared to the same quarter last year. Equities research analysts anticipate that Chart Industries will post 9.94 earnings per share for the current year.

Insider Transactions at Chart Industries

In other news, Director Linda S. Harty purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was acquired at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $240,250. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of Chart Industries stock in a transaction dated Thursday, September 5th. The shares were bought at an average cost 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 in the company, valued at $14,339,960.88. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Linda S. Harty acquired 5,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average cost of $48.05 per share, with a total value of $240,250.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $240,250. The disclosure for this purchase can be found here. In 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.

Hedge Funds Weigh In On Chart Industries

A number of large investors have recently bought and sold shares of GTLS. Dimensional Fund Advisors LP lifted its holdings in shares of Chart Industries by 504.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company’s stock worth $66,896,000 after purchasing an additional 386,821 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in Chart Industries by 323.0% in the second quarter. Point72 Asset Management L.P. now owns 416,150 shares of the industrial products company’s stock valued at $60,067,000 after buying an additional 317,775 shares during the last quarter. DAVENPORT & Co LLC bought a new position in shares of Chart Industries during the first quarter worth about $42,507,000. Boston Partners acquired a new stake in shares of Chart Industries in the 1st quarter worth about $30,755,000. Finally, Driehaus Capital Management LLC lifted its position in Chart Industries by 385.3% in the 2nd quarter. Driehaus Capital Management LLC now owns 197,197 shares of the industrial products company’s stock valued at $28,463,000 after purchasing an additional 156,562 shares during 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.