Barclays Has Lowered Expectations for Chart Industries (NYSE:GTLS) Stock Price

Chart Industries (NYSE:GTLS) had its target price lowered by Barclays from $146.00 to $145.00 in a research report released on Monday morning, Benzinga reports. The brokerage currently has an equal weight rating on the industrial products company’s stock.

Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus cut their price target on Chart Industries from $199.00 to $198.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. The Goldman Sachs Group cut their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Wells Fargo & Company decreased 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 note on Thursday, October 3rd. Craig Hallum lowered their price objective 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, Morgan Stanley upgraded shares of 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. 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 company. Based on data from MarketBeat.com, Chart Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.82.

Chart Industries Price Performance

GTLS traded up $2.04 during trading on Monday, reaching $143.47. 67,200 shares of the company traded hands, compared to its average volume of 630,138. The company has a market cap of $6.14 billion, a P/E ratio of 40.99, a PEG ratio of 0.61 and a beta of 1.71. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. Chart Industries has a 12-month low of $101.60 and a 12-month high of $171.68. The firm has a fifty day simple moving average of $121.62 and a 200 day simple moving average of $136.90.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm posted $1.28 earnings per share. The business’s revenue was up 18.3% on a year-over-year basis. On average, equities analysts forecast that Chart Industries will post 9.94 EPS for the current year.

Insider Buying and Selling

In other Chart Industries news, Director Linda S. Harty bought 5,000 shares of Chart Industries stock in a transaction on Monday, September 16th. The shares were acquired at an average price of $48.05 per share, for a total transaction 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Chart Industries news, Director Linda S. Harty bought 5,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were bought at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $240,250. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul E. Mahoney bought 500 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were bought at an average cost of $106.55 per share, for a total transaction of $53,275.00. Following the transaction, the director now directly owns 2,107 shares in the company, valued at approximately $224,500.85. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 7,152 shares of company stock valued at $482,278 in the last ninety days. 0.95% of the stock is owned by company insiders.

Institutional Trading of Chart Industries

Several institutional investors and hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP purchased a new stake in shares of Chart Industries during the 3rd quarter worth about $210,000. Harbour Investments Inc. boosted its position in Chart Industries by 251.7% during the third quarter. Harbour Investments Inc. now owns 1,537 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 1,100 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Chart Industries during the 3rd quarter worth approximately $34,000. Mesirow Financial Investment Management Inc. lifted its position in shares of Chart Industries by 86.8% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 3,139 shares of the industrial products company’s stock valued at $390,000 after buying an additional 1,459 shares in the last quarter. Finally, Sheets Smith Wealth Management grew its stake in Chart Industries by 5.8% in the 3rd quarter. Sheets Smith Wealth Management now owns 8,389 shares of the industrial products company’s stock valued at $1,041,000 after acquiring an additional 457 shares during the period.

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.