Chart Industries (NYSE:GTLS) Price Target Lowered to $208.00 at Wells Fargo & Company

Chart Industries (NYSE:GTLS) had its price objective lowered by Wells Fargo & Company from $214.00 to $208.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 43.05% from the stock’s previous close.

GTLS has been the topic of several other reports. Morgan Stanley dropped their target price on Chart Industries from $275.00 to $250.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Barclays increased their price objective on shares of Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Citigroup lifted their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. The Goldman Sachs Group raised their target price on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Finally, TD Cowen upped their target price on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $201.83.

Chart Industries Trading Up 0.7 %

GTLS stock traded up $1.04 during midday trading on Tuesday, hitting $145.40. The company had a trading volume of 152,708 shares, compared to its average volume of 675,724. 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 52 week low of $101.60 and a 52 week high of $220.03. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 41.98, a PEG ratio of 0.57 and a beta of 1.87. The stock’s 50 day moving average price is $180.10 and its 200 day moving average price is $168.97.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the company posted $2.25 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities research analysts expect that Chart Industries will post 9.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Chart Industries

In related news, Director Linda S. Harty bought 500 shares of the company’s stock in a transaction on Monday, March 10th. The stock was bought at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the acquisition, the director now directly owns 11,684 shares in the company, valued at $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Gerald F. Vinci acquired 175 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of $147.89 per share, with a total value of $25,880.75. Following the completion of the transaction, the vice president now owns 475 shares of the company’s stock, valued at $70,247.75. The trade was a 58.33 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 1,109 shares of company stock valued at $160,845. Corporate insiders own 0.95% of the company’s stock.

Hedge Funds Weigh In On Chart Industries

Large investors have recently modified their holdings of the business. National Bank of Canada FI increased its stake in Chart Industries by 328.7% during the third quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock worth $839,000 after purchasing an additional 5,181 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in Chart Industries by 248.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock worth $2,744,000 after purchasing an additional 15,862 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. raised its position in Chart Industries by 26.7% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock valued at $1,813,000 after purchasing an additional 2,000 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Chart Industries by 16.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 95,943 shares of the industrial products company’s stock valued at $11,910,000 after buying an additional 13,289 shares during the period. Finally, Connective Portfolio Management LLC acquired a new position in shares of Chart Industries during the fourth quarter worth about $725,000.

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.