Chart Industries’ (GTLS) “Strong-Buy” Rating Reiterated at Raymond James

Chart Industries (NYSE:GTLS)‘s stock had its “strong-buy” rating restated by equities researchers at Raymond James in a report released on Monday,Benzinga reports. They presently have a $190.00 price objective on the industrial products company’s stock. Raymond James’ price objective would suggest a potential downside of 2.01% from the stock’s previous close.

Several other equities analysts have also issued reports on GTLS. Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Bank of America cut their price objective on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target on the stock in a research note on Monday, September 16th. Wells Fargo & Company lowered their price objective on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, The Goldman Sachs Group decreased their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.82.

Chart Industries Stock Performance

Shares of GTLS stock opened at $193.90 on Monday. The stock has a market cap of $8.30 billion, a PE ratio of 56.17, a price-to-earnings-growth ratio of 0.99 and a beta of 1.86. The stock has a 50-day moving average of $145.20 and a 200-day moving average of $140.13. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. Chart Industries has a one year low of $101.60 and a one year high of $196.91.

Chart Industries (NYSE:GTLS) last posted 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 return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business posted $1.28 earnings per share. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. As a group, sell-side analysts expect that Chart Industries will post 9.03 earnings per share for the current year.

Insider Buying and Selling at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were acquired 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 owns 125,448 shares in the company, valued at $14,339,960.88. The trade was a 0.35 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul E. Mahoney purchased 500 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average price of $106.55 per share, with a total value of $53,275.00. Following the completion of the transaction, the director now owns 2,107 shares of the company’s stock, valued at $224,500.85. This represents a 31.11 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 7,152 shares of company stock worth $482,278 over the last ninety days. Insiders own 0.95% of the company’s stock.

Hedge Funds Weigh In On Chart Industries

A number of hedge funds have recently added to or reduced their stakes in GTLS. Ashton Thomas Securities LLC acquired a new position in Chart Industries in the third quarter valued at about $34,000. UMB Bank n.a. raised its position in shares of Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after buying an additional 255 shares in the last quarter. Byrne Asset Management LLC bought a new stake in shares of Chart Industries during the 2nd quarter worth approximately $40,000. Ecofi Investissements SA bought a new stake in shares of Chart Industries during the 2nd quarter worth approximately $50,000. Finally, Mendota Financial Group LLC increased its stake in Chart Industries by 46.2% in the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 203 shares during 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.