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

Chart Industries, Inc. (NYSE:GTLS - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $178.82.

Several research firms recently weighed in on GTLS. Craig Hallum raised their price objective on Chart Industries from $199.00 to $207.00 and gave the company a "buy" rating in a report on Monday, November 4th. Stifel Nicolaus boosted their price target on Chart Industries from $198.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Wells Fargo & Company lowered their price objective on Chart Industries from $151.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, October 3rd. Bank of America cut their target price 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. Finally, The Goldman Sachs Group decreased their price target 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.

Chart Industries Price Performance

Chart Industries stock traded up $3.63 during midday trading on Friday, reaching $166.59. The company's stock had a trading volume of 857,528 shares, compared to its average volume of 895,053. The stock has a market cap of $7.13 billion, a PE ratio of 48.29, a price-to-earnings-growth ratio of 0.85 and a beta of 1.71. 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 52 week low of $101.60 and a 52 week high of $171.68. The business has a 50-day moving average price of $124.95 and a 200-day moving average price of $137.25.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the company earned $1.28 earnings per share. Chart Industries's revenue for the quarter was up 18.3% compared to the same quarter last year. On average, sell-side analysts predict that Chart Industries will post 9.03 EPS for the current year.

Insider Buying and Selling at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko acquired 440 shares of the stock in a transaction dated Thursday, September 5th. The stock was purchased at an average cost of $114.31 per share, with a total value of $50,296.40. Following the transaction, the chief executive officer now owns 125,448 shares in the company, valued at approximately $14,339,960.88. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Jillian C. Evanko acquired 440 shares of the stock in a transaction dated Thursday, September 5th. The stock was bought at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the purchase, the chief executive officer now directly owns 125,448 shares of the company's stock, valued at $14,339,960.88. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linda S. Harty bought 1,000 shares of the business's stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average cost of $113.50 per share, for a total transaction of $113,500.00. Following the completion of the purchase, the director now owns 10,640 shares of the company's stock, valued at $1,207,640. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 7,152 shares of company stock valued at $482,278. 0.95% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Chart Industries by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company's stock valued at $693,243,000 after acquiring an additional 45,137 shares in the last quarter. Bamco Inc. NY lifted its holdings in shares of Chart Industries by 2.2% in the first quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company's stock valued at $192,725,000 after purchasing an additional 25,000 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in shares of Chart Industries by 2.9% in the third quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company's stock valued at $128,100,000 after purchasing an additional 29,139 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Chart Industries by 4.2% during the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company's stock valued at $99,673,000 after buying an additional 32,442 shares during the last quarter. Finally, Perpetual Ltd grew its holdings in Chart Industries by 7.3% during the third quarter. Perpetual Ltd now owns 500,256 shares of the industrial products company's stock worth $62,102,000 after buying an additional 34,153 shares in the last quarter.

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.