Chart Industries (NYSE:GTLS) Price Target Raised to $207.00 at Craig Hallum

Chart Industries (NYSE:GTLS) had its target price increased by Craig Hallum from $199.00 to $207.00 in a report published on Monday,Benzinga reports. Craig Hallum currently has a buy rating on the industrial products company’s stock.

GTLS has been the topic of several other reports. Barclays reduced their price target on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday. Stifel Nicolaus boosted their price target on Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a report on Monday. The Goldman Sachs Group lowered their price objective on Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target for the company in a research report on Monday, September 16th. Finally, Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Chart Industries presently has an average rating of “Moderate Buy” and a consensus target price of $178.82.

Chart Industries Stock Down 1.6 %

Shares of NYSE:GTLS opened at $163.29 on Monday. The stock’s 50-day moving average price is $124.06 and its two-hundred day moving average price is $137.24. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Chart Industries has a 12-month low of $101.60 and a 12-month high of $171.68. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 47.33, a PEG ratio of 0.73 and a beta of 1.71.

Chart Industries (NYSE:GTLS) last issued 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). The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.28 earnings per share. On average, research analysts forecast that Chart Industries will post 9 EPS for the current year.

Insider Transactions at Chart Industries

In related news, CEO Jillian C. Evanko bought 440 shares of the business’s 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 transaction, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average cost of $114.31 per share, with a total value of $50,296.40. Following the completion of the transaction, the chief executive officer now owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul E. Mahoney purchased 500 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the transaction, the director now directly owns 2,107 shares of the company’s stock, valued at $224,500.85. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 7,152 shares of company stock valued at $482,278 over the last three months. Company insiders own 0.95% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GTLS. Vanguard Group Inc. boosted its stake in shares of Chart Industries by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company’s stock worth $693,243,000 after acquiring an additional 45,137 shares in the last quarter. Bamco Inc. NY boosted its stake in shares of Chart Industries by 2.2% during the 1st quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company’s stock worth $192,725,000 after acquiring an additional 25,000 shares in the last quarter. King Luther Capital Management Corp boosted its stake in shares of Chart Industries by 6.3% during the 2nd quarter. King Luther Capital Management Corp now owns 1,002,758 shares of the industrial products company’s stock worth $144,738,000 after acquiring an additional 59,322 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Chart Industries by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock worth $99,673,000 after acquiring an additional 32,442 shares in the last quarter. Finally, Perpetual Ltd boosted its stake in shares of Chart Industries by 7.3% during the 3rd quarter. Perpetual Ltd now owns 500,256 shares of the industrial products company’s stock worth $62,102,000 after acquiring an additional 34,153 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.