Stifel Nicolaus Lowers Chart Industries (NYSE:GTLS) Price Target to $214.00

Chart Industries (NYSE:GTLS - Free Report) had its price target trimmed by Stifel Nicolaus from $231.00 to $214.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a buy rating on the industrial products company's stock.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company dropped their price target on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research report on Tuesday, April 1st. Morgan Stanley dropped their target price on shares of Chart Industries from $275.00 to $250.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. TD Cowen upped their price target on Chart Industries from $205.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Citigroup lifted their price objective on Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Barclays cut their price objective on Chart Industries from $165.00 to $160.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Chart Industries currently has an average rating of "Moderate Buy" and an average price target of $197.67.

Chart Industries Trading Up 0.7 %

Shares of GTLS stock traded up $0.93 on Tuesday, hitting $134.17. 54,562 shares of the stock traded hands, compared to its average volume of 710,550. Chart Industries has a twelve month low of $101.60 and a twelve month high of $220.03. The stock has a market capitalization of $6.03 billion, a PE ratio of 38.92, a PEG ratio of 0.57 and a beta of 1.68. The firm's 50-day moving average price is $148.58 and its two-hundred day moving average price is $168.60. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

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

Insider Activity

In other news, VP Gerald F. Vinci acquired 175 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $147.89 per share, with a total value of $25,880.75. Following the transaction, the vice president now owns 475 shares in the company, valued at approximately $70,247.75. This trade represents a 58.33 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jillian C. Evanko acquired 350 shares of Chart Industries stock in a transaction dated Thursday, March 6th. The stock was purchased at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the acquisition, the chief executive officer now directly owns 137,666 shares in the company, valued at approximately $20,698,083.10. This represents a 0.25 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 1,109 shares of company stock worth $160,845. 0.95% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Chart Industries

A number of institutional investors and hedge funds have recently modified their holdings of GTLS. Capital Analysts LLC purchased a new stake in Chart Industries during the 4th quarter worth about $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Chart Industries during the 1st quarter worth about $25,000. Global X Japan Co. Ltd. lifted its stake in Chart Industries by 142.9% during the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock worth $25,000 after purchasing an additional 100 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Chart Industries by 129.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock worth $31,000 after purchasing an additional 92 shares during the last quarter. Finally, Fairway Wealth LLC acquired a new position in Chart Industries in the fourth quarter valued at approximately $34,000.

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.