Wells Fargo & Company Issues Pessimistic Forecast for Chart Industries (NYSE:GTLS) Stock Price

Chart Industries (NYSE:GTLS - Free Report) had its price objective lowered by Wells Fargo & Company from $214.00 to $208.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the industrial products company's stock.

Several other research analysts also recently weighed in on GTLS. Stifel Nicolaus upped 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. Morgan Stanley decreased 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. The Goldman Sachs Group raised their price target on shares of Chart Industries from $138.00 to $201.00 and gave the company a "neutral" rating in a research note on Friday, December 20th. Raymond James reissued a "strong-buy" rating and set a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. Finally, Barclays lifted their price target on Chart Industries from $145.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $201.83.

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Chart Industries Stock Performance

NYSE:GTLS traded down $9.27 during mid-day trading on Tuesday, hitting $115.48. The company's stock had a trading volume of 1,838,447 shares, compared to its average volume of 688,583. The business's fifty day moving average is $173.52 and its two-hundred day moving average is $169.09. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 33.47, 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. 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 (NYSE:GTLS - Get Free Report) last released its quarterly earnings data 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 analysts' expectations 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 for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.25 EPS. Analysts anticipate that Chart Industries will post 9.02 EPS for the current fiscal year.

Insider Transactions at Chart Industries

In related news, VP Gerald F. Vinci bought 175 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $147.89 per share, with a total value of $25,880.75. Following the purchase, the vice president now directly owns 475 shares of the company's stock, valued at $70,247.75. This trade represents a 58.33 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Linda S. Harty acquired 500 shares of Chart Industries stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the acquisition, the director now directly owns 11,684 shares in the company, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 1,109 shares of company stock worth $160,845. 0.95% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GTLS. Capital Analysts LLC purchased a new stake in Chart Industries in the fourth quarter valued at $25,000. Smartleaf Asset Management LLC boosted its position in shares of 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 period. Fairway Wealth LLC purchased a new position in Chart Industries during the 4th quarter worth approximately $34,000. Blue Trust Inc. increased its position in Chart Industries by 56.0% during the fourth 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 period. Finally, Spire Wealth Management lifted its stake in Chart Industries by 183.8% in the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock valued at $37,000 after buying an additional 125 shares during 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.