Chart Industries, Inc. (NYSE:GTLS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Chart Industries, Inc. (NYSE:GTLS) have received an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $194.08.

GTLS has been the topic of a number of recent research reports. Raymond James reaffirmed a “strong-buy” rating and issued a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. BTIG Research raised their price objective on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Wells Fargo & Company cut their price objective on Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Barclays raised their target price on shares of Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Finally, TD Cowen upped their price target on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd.

Insider Activity at Chart Industries

In other news, CEO Jillian C. Evanko bought 350 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the transaction, the chief executive officer now owns 137,666 shares of the company’s stock, valued at approximately $20,698,083.10. This represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Linda S. Harty purchased 500 shares of the business’s stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $140.85 per share, with a total value of $70,425.00. Following the acquisition, the director now directly owns 11,684 shares in the company, valued at $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 1,109 shares of company stock valued at $160,845. Corporate insiders own 0.95% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wolf Hill Capital Management LP bought a new position in Chart Industries during the fourth quarter valued at $101,121,000. Norges Bank purchased a new stake in shares of Chart Industries during the 4th quarter valued at about $88,609,000. Dimensional Fund Advisors LP lifted its holdings in shares of Chart Industries by 37.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company’s stock valued at $203,178,000 after acquiring an additional 291,520 shares during the last quarter. Wellington Management Group LLP grew its position in Chart Industries by 90.9% in the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock worth $68,461,000 after acquiring an additional 262,592 shares in the last quarter. Finally, Keybank National Association OH increased its stake in Chart Industries by 10,372.6% during the fourth quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company’s stock worth $47,087,000 after acquiring an additional 244,378 shares during the last quarter.

Chart Industries Trading Down 1.2 %

Chart Industries stock opened at $149.89 on Friday. Chart Industries has a 52-week low of $101.60 and a 52-week high of $220.03. The company has a market cap of $6.85 billion, a P/E ratio of 43.45, a P/E/G ratio of 0.57 and a beta of 1.87. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The business has a 50-day simple moving average of $189.50 and a two-hundred day simple moving average of $166.30.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the business posted $2.25 EPS. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. Analysts predict that Chart Industries will post 9.02 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.