Chart Industries, Inc. (NYSE:GTLS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Chart Industries, Inc. (NYSE:GTLS) have been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $178.09.

GTLS has been the topic of several research reports. Stifel Nicolaus reduced their price target on shares of 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 raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target for the company in a research report on Monday, September 16th. Craig Hallum reduced their price objective on Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. The Goldman Sachs Group lowered their target price on Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Finally, Evercore ISI raised Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th.

Insider Buying and Selling at Chart Industries

In related news, CEO Jillian C. Evanko bought 440 shares of the stock in a transaction dated Thursday, September 5th. The stock was acquired at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the acquisition, the chief executive officer now owns 125,448 shares in the company, valued at approximately $14,339,960.88. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Linda S. Harty acquired 5,000 shares of Chart Industries stock in a transaction on Monday, September 16th. The stock was bought at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at $240,250. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jillian C. Evanko bought 440 shares of the stock in a transaction dated Thursday, September 5th. The shares were acquired at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the transaction, the chief executive officer now owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 7,152 shares of company stock worth $482,278 over the last three months. Insiders own 0.95% of the company’s stock.

Institutional Trading of Chart Industries

Large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of Chart Industries during the first quarter worth about $30,000. Rise Advisors LLC raised its stake in Chart Industries by 905.0% during the 1st quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 181 shares during the last quarter. UMB Bank n.a. lifted its position in Chart Industries by 418.0% during the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 255 shares during the period. Byrne Asset Management LLC purchased a new position in shares of Chart Industries in the 2nd quarter valued at approximately $40,000. Finally, Ecofi Investissements SA acquired a new position in shares of Chart Industries in the second quarter valued at approximately $50,000.

Chart Industries Stock Performance

Shares of GTLS stock opened at $127.40 on Tuesday. 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 firm has a market cap of $5.45 billion, a P/E ratio of 127.40, a P/E/G ratio of 0.40 and a beta of 1.70. The firm’s 50 day moving average price is $119.25 and its 200-day moving average price is $140.01. Chart Industries has a one year low of $101.60 and a one year high of $171.68.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the company earned $1.19 earnings per share. As a group, equities research analysts predict that Chart Industries will post 10.42 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.