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

Chart Industries (NYSE:GTLS) had its price target cut by Wells Fargo & Company from $214.00 to $208.00 in a research note released on Tuesday,Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

A number of other equities analysts also recently commented on GTLS. Morgan Stanley cut their price objective on Chart Industries from $275.00 to $250.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Citigroup raised their price target on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Stifel Nicolaus boosted their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. The Goldman Sachs Group raised their target price on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Finally, TD Cowen upped 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. Three 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. According to MarketBeat.com, Chart Industries has an average rating of “Moderate Buy” and a consensus price target of $201.83.

Chart Industries Stock Performance

NYSE GTLS opened at $146.18 on Tuesday. The business’s 50-day moving average price is $178.65 and its 200 day moving average price is $169.19. 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 twelve month low of $101.60 and a twelve month high of $220.03. The company has a market capitalization of $6.68 billion, a PE ratio of 42.37, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87.

Chart Industries (NYSE:GTLS) last released its earnings results 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). The company had revenue of $1.11 billion during 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%. Chart Industries’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.25 earnings per share. On average, research analysts predict that Chart Industries will post 9.02 earnings per share for the current year.

Insider Activity at Chart Industries

In related news, VP Gerald F. Vinci bought 175 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the purchase, the vice president now owns 475 shares in the company, valued at $70,247.75. This trade represents a 58.33 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jillian C. Evanko purchased 350 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price 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 of the company’s stock, valued at approximately $20,698,083.10. This represents a 0.25 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 1,109 shares of company stock valued at $160,845. Insiders own 0.95% of the company’s stock.

Institutional Inflows and Outflows

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

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.