Chart Industries (NYSE:GTLS) PT Lowered to $146.00

Chart Industries (NYSE:GTLS) had its price target lowered by Barclays from $147.00 to $146.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has an equal weight rating on the industrial products company’s stock.

Other equities research analysts have also issued research reports about the stock. Wells Fargo & Company decreased their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. The Goldman Sachs Group reduced their price objective on Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Stifel Nicolaus dropped their target price on Chart Industries from $199.00 to $198.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. 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 report on Monday, September 16th. Finally, Craig Hallum dropped their price objective on Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $178.00.

Chart Industries Stock Down 0.6 %

NYSE:GTLS opened at $126.01 on Wednesday. Chart Industries has a 1-year low of $101.60 and a 1-year high of $171.68. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 126.01, a PEG ratio of 0.40 and a beta of 1.70. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28. The business’s fifty day moving average price is $120.00 and its 200 day moving average price is $139.19.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. Chart Industries’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.19 EPS. On average, sell-side analysts forecast that Chart Industries will post 10.42 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Linda S. Harty acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was acquired at an average cost of $48.05 per share, with a total value of $240,250.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $240,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Linda S. Harty bought 5,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was purchased at an average price of $48.05 per share, with a total value of $240,250.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $240,250. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Linda S. Harty purchased 1,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were purchased at an average price of $113.50 per share, with a total value of $113,500.00. Following the completion of the acquisition, the director now directly owns 10,640 shares of the company’s stock, valued at approximately $1,207,640. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 7,152 shares of company stock valued at $482,278 over the last 90 days. 0.95% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings 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 purchasing an additional 45,137 shares during the period. Bamco Inc. NY increased its stake in Chart Industries by 2.2% during the first quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company’s stock valued at $192,725,000 after acquiring an additional 25,000 shares during the period. King Luther Capital Management Corp raised its holdings in Chart Industries by 6.3% in the 2nd quarter. King Luther Capital Management Corp now owns 1,002,758 shares of the industrial products company’s stock valued at $144,738,000 after acquiring an additional 59,322 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Chart Industries by 10.7% in the 2nd quarter. Principal Financial Group Inc. now owns 770,465 shares of the industrial products company’s stock worth $111,209,000 after acquiring an additional 74,519 shares during the period. Finally, Perpetual Ltd grew its holdings 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 purchasing 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.