Chart Industries (NYSE:GTLS) Trading Up 5.9% on Analyst Upgrade

Chart Industries, Inc. (NYSE:GTLS) shares rose 5.9% during trading on Monday after Craig Hallum raised their price target on the stock from $199.00 to $207.00. Craig Hallum currently has a buy rating on the stock. Chart Industries traded as high as $138.38 and last traded at $137.73. Approximately 208,428 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 622,063 shares. The stock had previously closed at $130.00.

Other equities analysts have also recently issued research reports about the company. The Goldman Sachs Group decreased their price target on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Wells Fargo & Company reduced their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Stifel Nicolaus boosted their price target on shares of Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday. Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Barclays dropped their target price on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.82.

Insider Buying and Selling at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko bought 440 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of $114.31 per share, with a total value of $50,296.40. Following the purchase, the chief executive officer now owns 125,448 shares in the company, valued at $14,339,960.88. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Linda S. Harty purchased 5,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were purchased at an average price of $48.05 per share, with a total value of $240,250.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $240,250. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jillian C. Evanko acquired 440 shares of Chart Industries stock in a transaction dated Thursday, September 5th. The shares were purchased at an average cost of $114.31 per share, with a total value of $50,296.40. Following the completion of the transaction, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 7,152 shares of company stock valued at $482,278. Company insiders own 0.95% of the company’s stock.

Institutional Investors Weigh In On Chart Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of GTLS. Ashton Thomas Securities LLC bought a new position in shares of Chart Industries during the 3rd quarter worth approximately $34,000. Mesirow Financial Investment Management Inc. grew its position in Chart Industries by 86.8% in the third quarter. Mesirow Financial Investment Management Inc. now owns 3,139 shares of the industrial products company’s stock valued at $390,000 after purchasing an additional 1,459 shares in the last quarter. Sheets Smith Wealth Management increased its stake in Chart Industries by 5.8% in the 3rd quarter. Sheets Smith Wealth Management now owns 8,389 shares of the industrial products company’s stock valued at $1,041,000 after buying an additional 457 shares during the last quarter. Assetmark Inc. lifted its position in Chart Industries by 6.4% during the 3rd quarter. Assetmark Inc. now owns 2,121 shares of the industrial products company’s stock worth $263,000 after buying an additional 128 shares in the last quarter. Finally, Lifestyle Asset Management Inc. boosted its stake in shares of Chart Industries by 13.5% during the 3rd quarter. Lifestyle Asset Management Inc. now owns 2,267 shares of the industrial products company’s stock worth $281,000 after buying an additional 269 shares during the last quarter.

Chart Industries Price Performance

The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.98 and a current ratio of 1.27. The company has a fifty day moving average price of $121.62 and a two-hundred day moving average price of $136.90. The company has a market cap of $6.05 billion, a P/E ratio of 40.99, a PEG ratio of 0.56 and a beta of 1.71.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the business posted $1.28 earnings per share. Chart Industries’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Chart Industries, Inc. will post 9.94 earnings per share for the current fiscal 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.