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

Shares of Chart Industries, Inc. (NYSE:GTLS - Get Free Report) have been given a consensus rating of "Moderate Buy" by 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 assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $178.82.

GTLS has been the subject of a number of research reports. Bank of America decreased their price objective on Chart Industries from $185.00 to $165.00 and set a "buy" rating for the company in a report on Monday, October 14th. Stifel Nicolaus increased their price objective 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 decreased their price objective on Chart Industries from $151.00 to $146.00 and set an "overweight" rating for the company in a report on Thursday, October 3rd. Raymond James reiterated a "strong-buy" rating and set a $190.00 price objective on shares of Chart Industries in a report on Monday. Finally, Morgan Stanley raised 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.

Insider Transactions at Chart Industries

In related news, Director Linda S. Harty acquired 5,000 shares of the stock in a transaction on Monday, September 16th. The shares were purchased at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $240,250. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paul E. Mahoney acquired 500 shares of the stock in a transaction on Wednesday, September 11th. The shares were bought at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the purchase, the director now owns 2,107 shares in the company, valued at approximately $224,500.85. This trade represents a 31.11 % 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 worth $482,278. Company 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 bought a new position in shares of Chart Industries in the 3rd quarter valued at $34,000. UMB Bank n.a. increased its stake 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 purchasing an additional 255 shares during the last quarter. Byrne Asset Management LLC bought a new position in shares of Chart Industries in the 2nd quarter valued at $40,000. Ecofi Investissements SA bought a new position in shares of Chart Industries in the 2nd quarter valued at $50,000. Finally, Mendota Financial Group LLC boosted its holdings in shares of Chart Industries by 46.2% during the 3rd 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 in the last quarter.

Chart Industries Trading Down 1.5 %

Shares of GTLS traded down $2.91 during trading hours on Wednesday, hitting $190.99. 666,547 shares of the stock traded hands, compared to its average volume of 657,536. 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 1-year low of $101.60 and a 1-year high of $196.91. The firm has a market capitalization of $8.18 billion, a PE ratio of 56.20, a price-to-earnings-growth ratio of 0.99 and a beta of 1.86. The business has a fifty day moving average of $146.59 and a 200-day moving average of $140.40.

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

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.