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

Chart Industries, Inc. (NYSE:GTLS)’s stock price was up 5.9% during mid-day trading 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. Approximately 208,428 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 622,063 shares. The stock had previously closed at $130.00.

GTLS has been the topic of several other research reports. Wells Fargo & Company lowered their target price on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Bank of America lowered their target price on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Barclays lowered their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price on the stock in a report on Monday, September 16th. Finally, Evercore ISI raised Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $178.82.

Insider Activity at Chart Industries

In related news, Director Linda S. Harty acquired 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $240,250. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Chart Industries news, Director Linda S. Harty bought 5,000 shares of Chart Industries stock in a transaction that occurred on Monday, September 16th. The shares were purchased at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $240,250. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linda S. Harty bought 1,000 shares of Chart Industries stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average price of $113.50 per share, for a total transaction of $113,500.00. Following the completion of the transaction, the director now directly owns 10,640 shares of the company’s stock, valued at $1,207,640. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 7,152 shares of company stock valued at $482,278 over the last quarter. Insiders own 0.95% of the company’s stock.

Hedge Funds Weigh In On Chart Industries

Large investors have recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Chart Industries by 28.9% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 118,774 shares of the industrial products company’s stock worth $19,564,000 after purchasing an additional 26,627 shares during the period. SIR Capital Management L.P. raised its holdings in shares of Chart Industries by 74.7% during the 2nd quarter. SIR Capital Management L.P. now owns 97,342 shares of the industrial products company’s stock valued at $14,050,000 after buying an additional 41,626 shares during the period. Silvercrest Asset Management Group LLC purchased a new stake in shares of Chart Industries during the 1st quarter valued at about $15,702,000. NBW Capital LLC raised its holdings in shares of Chart Industries by 28.7% during the 1st quarter. NBW Capital LLC now owns 58,651 shares of the industrial products company’s stock valued at $9,661,000 after buying an additional 13,062 shares during the period. Finally, Lisanti Capital Growth LLC raised its holdings in shares of Chart Industries by 99.1% during the 1st quarter. Lisanti Capital Growth LLC now owns 32,230 shares of the industrial products company’s stock valued at $5,309,000 after buying an additional 16,040 shares during the period.

Chart Industries Trading Up 5.7 %

The firm has a market capitalization of $5.88 billion, a PE ratio of 39.68, a P/E/G ratio of 0.56 and a beta of 1.71. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.98 and a current ratio of 1.27. The firm has a fifty day moving average of $121.62 and a 200 day moving average 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). The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.28 earnings per share. Equities research analysts expect that Chart Industries, Inc. will post 9.94 EPS for the current year.

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.