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

Chart Industries, Inc. (NYSE:GTLS) has been given an average rating of “Moderate Buy” by the fourteen brokerages that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $194.08.

A number of research firms have commented on GTLS. TD Cowen boosted their price target on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Stifel Nicolaus lifted their target price on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Citigroup lifted their price objective on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Raymond James reaffirmed a “strong-buy” rating and issued a $190.00 price objective on shares of Chart Industries in a research note on Monday, December 2nd. Finally, Barclays lifted their target price on shares of Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th.

Insider Buying and Selling at Chart Industries

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Capital Analysts LLC purchased a new position in shares of Chart Industries in the fourth quarter worth $25,000. Smartleaf Asset Management LLC lifted its stake in shares of Chart Industries by 129.6% during the 4th 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 in the last quarter. Ashton Thomas Securities LLC bought a new stake in Chart Industries during the 3rd quarter valued at approximately $34,000. Fairway Wealth LLC purchased a new position in Chart Industries during the fourth quarter valued at $34,000. Finally, Blue Trust Inc. increased its holdings in shares of Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 65 shares during the last quarter.

Chart Industries Stock Performance

Shares of NYSE GTLS opened at $142.65 on Friday. The company has a market cap of $6.52 billion, a PE ratio of 41.35, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. Chart Industries has a 12 month low of $101.60 and a 12 month high of $220.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The company has a 50-day simple moving average of $193.53 and a 200-day simple moving average of $165.32.

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

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.