Chart Industries, Inc. (NYSE:GTLS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Chart Industries, Inc. (NYSE:GTLS) have earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $201.42.

GTLS has been the topic of several recent research reports. BTIG Research upped their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Barclays reduced their price objective on shares of Chart Industries from $165.00 to $160.00 and set an “equal weight” rating for the company in a research note on Thursday, April 10th. Citigroup increased their target price on Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Stifel Nicolaus lifted their price target on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Finally, Wells Fargo & Company dropped their price objective on Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a report on Tuesday, April 1st.

Insider Activity at Chart Industries

In other news, CEO Jillian C. Evanko purchased 350 shares of the stock in a transaction on Thursday, March 6th. The shares were acquired at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the transaction, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at approximately $20,698,083.10. This trade represents a 0.25 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, VP Gerald F. Vinci acquired 175 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average price of $147.89 per share, with a total value of $25,880.75. Following the completion of the acquisition, the vice president now directly owns 475 shares in the company, valued at approximately $70,247.75. This represents a 58.33 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 1,109 shares of company stock valued at $160,845 over the last three months. 0.95% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Chart Industries

A number of hedge funds have recently made changes to their positions in GTLS. Capital Analysts LLC bought a new position in shares of Chart Industries during the 4th quarter valued at $25,000. Smartleaf Asset Management LLC grew its stake in shares of Chart Industries by 129.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after buying an additional 92 shares during the last quarter. Fairway Wealth LLC purchased a new position in shares of Chart Industries in the fourth quarter worth about $34,000. Blue Trust Inc. lifted its stake in shares of Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 65 shares during the last quarter. Finally, Spire Wealth Management boosted its holdings in Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 125 shares during the period.

Chart Industries Stock Up 1.1 %

Chart Industries stock opened at $126.56 on Tuesday. The firm has a 50 day moving average price of $159.79 and a 200-day moving average price of $169.04. 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 has a twelve month low of $101.60 and a twelve month high of $220.03. The company has a market capitalization of $5.78 billion, a P/E ratio of 36.68, a P/E/G ratio of 0.57 and a beta of 1.68.

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

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.