Chart Industries (NYSE:GTLS) Given “Strong-Buy” Rating at Raymond James

Chart Industries (NYSE:GTLS)‘s stock had its “strong-buy” rating reiterated by research analysts at Raymond James in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $190.00 target price on the industrial products company’s stock. Raymond James’ price target would indicate a potential downside of 0.80% from the stock’s current price.

Several other brokerages also recently weighed in on GTLS. The Goldman Sachs Group lowered their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Barclays cut their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Wells Fargo & Company dropped their price objective on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Stifel Nicolaus increased their price target on shares of Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $178.82.

Chart Industries Stock Performance

Shares of NYSE:GTLS traded down $1.71 on Monday, reaching $191.54. The company’s stock had a trading volume of 192,839 shares, compared to its average volume of 656,228. The stock has a market capitalization of $8.20 billion, a P/E ratio of 55.52, a PEG ratio of 0.99 and a beta of 1.71. Chart Industries has a 52-week low of $101.60 and a 52-week high of $196.91. The stock’s 50-day moving average is $143.84 and its two-hundred day moving average is $139.86. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $1.10 billion. During the same quarter last year, the business posted $1.28 earnings per share. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Chart Industries will post 9.03 EPS for the current year.

Insider Buying and Selling

In related news, CEO Jillian C. Evanko acquired 440 shares of Chart Industries stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the purchase, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. This trade represents a 0.35 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Linda S. Harty purchased 5,000 shares of Chart Industries stock in a transaction dated 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 transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $240,250. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 7,152 shares of company stock valued at $482,278. Insiders own 0.95% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Ashton Thomas Securities LLC bought a new position in Chart Industries during the 3rd quarter worth $34,000. UMB Bank n.a. lifted its position in Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 255 shares during the last quarter. Byrne Asset Management LLC acquired a new position in Chart Industries during the 2nd quarter valued at about $40,000. Ecofi Investissements SA acquired a new position in Chart Industries during the 2nd quarter valued at about $50,000. Finally, Mendota Financial Group LLC grew its position in Chart Industries by 46.2% in the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 203 shares during 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.