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

Shares of Chart Industries, Inc. (NYSE:GTLS - Get Free Report) have earned an average recommendation of "Moderate Buy" from the thirteen ratings firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $201.42.

GTLS has been the topic of several recent analyst reports. Morgan Stanley cut their price objective on shares of Chart Industries from $275.00 to $250.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. BTIG Research upped their price target on shares of Chart Industries from $170.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Citigroup lifted their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. The Goldman Sachs Group boosted their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the company a "neutral" rating in a report on Friday, December 20th. Finally, Stifel Nicolaus raised their target price on Chart Industries from $200.00 to $231.00 and gave the stock a "buy" rating in a research note on Tuesday, December 31st.

Insider Activity

In other Chart Industries news, Director Linda S. Harty bought 500 shares of the stock in a transaction on Monday, March 10th. The shares were bought at an average price of $140.85 per share, with a total value of $70,425.00. Following the purchase, the director now directly owns 11,684 shares in the company, valued at $1,645,691.40. This trade represents a 4.47 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Gerald F. Vinci acquired 175 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $147.89 per share, with a total value of $25,880.75. Following the acquisition, the vice president now owns 475 shares in the company, valued at $70,247.75. The trade was a 58.33 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 1,109 shares of company stock worth $160,845 in the last ninety days. Company insiders own 0.95% of the company's stock.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Analysts LLC purchased a new stake in shares of Chart Industries in the fourth quarter valued at about $25,000. Smartleaf Asset Management LLC boosted its holdings in Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 92 shares during the last quarter. Fairway Wealth LLC purchased a new stake in shares of Chart Industries in the 4th quarter valued at approximately $34,000. Blue Trust Inc. increased its holdings in shares of Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after buying an additional 65 shares during the last quarter. Finally, Spire Wealth Management increased its holdings in shares of Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock worth $37,000 after buying an additional 125 shares during the last quarter.

Chart Industries Stock Up 2.6 %

GTLS stock traded up $3.22 during trading on Tuesday, hitting $124.96. 817,649 shares of the company's stock traded hands, compared to its average volume of 701,283. The business has a fifty day simple moving average of $161.53 and a two-hundred day simple moving average of $168.72. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $5.71 billion, a P/E ratio of 36.22, a PEG ratio of 0.57 and a beta of 1.68. Chart Industries has a 1 year low of $101.60 and a 1 year high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing the consensus estimate of $3.20 by ($0.54). The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company's revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.25 earnings per share. Sell-side analysts anticipate that Chart Industries will post 9.02 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.