Barclays Issues Pessimistic Forecast for Chart Industries (NYSE:GTLS) Stock Price

Chart Industries (NYSE:GTLS) had its target price lowered by analysts at Barclays from $165.00 to $160.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s price objective indicates a potential upside of 28.04% from the stock’s previous close.

Several other research analysts have also issued reports on the stock. Morgan Stanley lowered their price target on shares of Chart Industries from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Stifel Nicolaus boosted their target price on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Citigroup upped their price target on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. The Goldman Sachs Group lifted their price objective on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Finally, TD Cowen upped their target price on Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $201.42.

Chart Industries Price Performance

Shares of NYSE:GTLS opened at $124.96 on Thursday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. Chart Industries has a 52 week low of $101.60 and a 52 week high of $220.03. The firm has a market cap of $5.71 billion, a PE ratio of 36.22, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. The firm’s fifty day moving average is $161.53 and its 200-day moving average is $168.72.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing the consensus estimate of $3.20 by ($0.54). The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 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 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.25 earnings per share. Sell-side analysts predict that Chart Industries will post 9.02 earnings per share for the current year.

Insider Activity

In related news, CEO Jillian C. Evanko acquired 350 shares of the stock in a transaction dated Thursday, March 6th. The stock was purchased at an average cost of $150.35 per share, with a total value of $52,622.50. Following the completion of the purchase, the chief executive officer now directly owns 137,666 shares in the company, valued at $20,698,083.10. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linda S. Harty bought 500 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the acquisition, the director now directly owns 11,684 shares of the company’s stock, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 1,109 shares of company stock worth $160,845 over the last quarter. 0.95% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Chart Industries

A number of institutional investors and hedge funds have recently bought and sold shares of GTLS. Wolf Hill Capital Management LP bought a new stake in shares of Chart Industries in the 4th quarter worth $101,121,000. Norges Bank purchased a new position in shares of Chart Industries in the 4th quarter worth approximately $88,609,000. Dimensional Fund Advisors LP grew its holdings in shares of Chart Industries by 37.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company’s stock valued at $203,178,000 after acquiring an additional 291,520 shares in the last quarter. Keybank National Association OH grew its holdings in shares of Chart Industries by 10,372.6% in the fourth quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company’s stock valued at $47,087,000 after acquiring an additional 244,378 shares in the last quarter. Finally, Engaged Capital LLC purchased a new stake in shares of Chart Industries during the fourth quarter valued at approximately $42,900,000.

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.