Chart Industries’ (GTLS) Strong-Buy Rating Reiterated at Raymond James

Raymond James reissued their strong-buy rating on shares of Chart Industries (NYSE:GTLS) in a report published on Monday morning,Benzinga reports. Raymond James currently has a $190.00 target price on the industrial products company’s stock.

A number of other research firms also recently weighed in on GTLS. Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. The Goldman Sachs Group dropped their target price on Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Barclays dropped their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Craig Hallum boosted their price objective on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company lowered their price objective on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Chart Industries has a consensus rating of “Moderate Buy” and a consensus price target of $178.82.

Chart Industries Stock Performance

Shares of GTLS opened at $191.02 on Monday. The company has a market cap of $8.18 billion, a PE ratio of 56.20, a price-to-earnings-growth ratio of 0.99 and a beta of 1.86. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The stock has a 50-day moving average price of $146.59 and a 200-day moving average price of $140.40. Chart Industries has a 12-month low of $101.60 and a 12-month high of $196.91.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. 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 firm earned $1.28 EPS. As a group, equities analysts forecast that Chart Industries will post 9.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Paul E. Mahoney purchased 500 shares of Chart Industries stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average cost of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the acquisition, the director now directly owns 2,107 shares of the company’s stock, valued at $224,500.85. The trade was a 31.11 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Linda S. Harty acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average cost 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. The trade was a 10.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 6,712 shares of company stock valued at $431,982 over the last ninety days. Company insiders own 0.95% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GTLS. Ashton Thomas Securities LLC purchased a new position in Chart Industries in the third quarter worth about $34,000. UMB Bank n.a. boosted its position in Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 255 shares during the last quarter. Byrne Asset Management LLC purchased a new position in Chart Industries in the second quarter worth about $40,000. Ecofi Investissements SA purchased a new position in shares of Chart Industries during the 2nd quarter valued at about $50,000. Finally, Mendota Financial Group LLC lifted its position in shares of Chart Industries by 46.2% during the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after buying an additional 203 shares in 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.