Chart Industries (NYSE:GTLS) Price Target Raised to $200.00 at Stifel Nicolaus

Chart Industries (NYSE:GTLS) had its target price raised by Stifel Nicolaus from $198.00 to $200.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock.

A number of other research firms also recently commented on GTLS. Bank of America decreased their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Craig Hallum decreased their target price on Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a research report on Monday, August 5th. The Goldman Sachs Group dropped their price target on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Barclays reduced their price objective on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, Wells Fargo & Company lowered their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $178.82.

Chart Industries Price Performance

GTLS stock opened at $163.29 on Monday. The stock’s 50 day moving average is $124.06 and its two-hundred day moving average is $137.24. Chart Industries has a 52-week low of $101.60 and a 52-week high of $171.68. The company has a market capitalization of $6.99 billion, a PE ratio of 47.33, a P/E/G ratio of 0.73 and a beta of 1.71. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company’s revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.28 earnings per share. Analysts predict that Chart Industries will post 9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were bought at an average price of $114.31 per share, with a total value of $50,296.40. Following the completion of the acquisition, the chief executive officer now owns 125,448 shares in the company, valued at approximately $14,339,960.88. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of the stock in a transaction dated Thursday, September 5th. The shares were bought at an average cost of $114.31 per share, with a total value of $50,296.40. Following the completion of the acquisition, the chief executive officer now owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda S. Harty acquired 5,000 shares of Chart Industries stock in a transaction that occurred on Monday, September 16th. The stock was bought at an average cost of $48.05 per share, with a total value of $240,250.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $240,250. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 7,152 shares of company stock worth $482,278. Insiders own 0.95% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Swiss National Bank boosted its stake in Chart Industries by 0.6% during the 3rd quarter. Swiss National Bank now owns 83,600 shares of the industrial products company’s stock valued at $10,378,000 after purchasing an additional 500 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Chart Industries by 8.4% in the third quarter. Natixis Advisors LLC now owns 21,800 shares of the industrial products company’s stock valued at $2,706,000 after buying an additional 1,692 shares during the period. Royce & Associates LP boosted its stake in Chart Industries by 12.9% during the third quarter. Royce & Associates LP now owns 135,960 shares of the industrial products company’s stock valued at $16,878,000 after buying an additional 15,502 shares in the last quarter. Pier 88 Investment Partners LLC acquired a new position in Chart Industries during the third quarter worth about $456,000. Finally, Victory Capital Management Inc. raised its position in Chart Industries by 27.4% in the third quarter. Victory Capital Management Inc. now owns 388,736 shares of the industrial products company’s stock worth $48,258,000 after acquiring an additional 83,685 shares in 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.