Brokerages Set Chart Industries, Inc. (NYSE:GTLS) Price Target at $183.08

Chart Industries, Inc. (NYSE:GTLS - Get Free Report) has earned an average recommendation of "Moderate Buy" from the thirteen analysts that are covering the firm, MarketBeat reports. Three 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 12 month price objective among brokers that have issued ratings on the stock in the last year is $183.08.

GTLS has been the topic of several recent analyst reports. The Goldman Sachs Group reduced their target price on Chart Industries from $168.00 to $144.00 and set a "neutral" rating on the stock in a report on Thursday, August 29th. Morgan Stanley upgraded Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 price objective for the company in a research report on Monday. Bank of America increased their target price on Chart Industries from $180.00 to $185.00 and gave the stock a "buy" rating in a research note on Monday, July 15th. Craig Hallum cut their price target on shares of Chart Industries from $229.00 to $199.00 and set a "buy" rating on the stock in a research note on Monday, August 5th. Finally, Stifel Nicolaus reissued a "buy" rating and set a $199.00 price objective on shares of Chart Industries in a research report on Monday, August 26th.

Insider Activity at Chart Industries

In related news, Director Linda S. Harty acquired 5,000 shares of the company's stock in a transaction dated Monday, September 16th. The shares were bought 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Linda S. Harty acquired 5,000 shares of the stock in a transaction dated Monday, September 16th. The shares were bought at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the purchase, the director now directly owns 5,000 shares of the company's stock, valued at $240,250. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul E. Mahoney bought 500 shares of the company's stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average cost of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the acquisition, the director now owns 2,107 shares in the company, valued at approximately $224,500.85. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 7,152 shares of company stock valued at $482,278. 0.95% of the stock is owned by insiders.

Hedge Funds Weigh In On Chart Industries

Several institutional investors and hedge funds have recently modified their holdings of the stock. Capital World Investors grew its position in shares of Chart Industries by 0.4% in the fourth quarter. Capital World Investors now owns 4,986,531 shares of the industrial products company's stock valued at $679,814,000 after purchasing an additional 17,450 shares during the last quarter. Vanguard Group Inc. grew its holdings 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 buying an additional 45,137 shares in the last quarter. Bamco Inc. NY increased its position in Chart Industries by 2.2% during the 1st quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company's stock worth $192,725,000 after buying an additional 25,000 shares during the period. King Luther Capital Management Corp raised its stake in Chart Industries by 6.3% in the 2nd quarter. King Luther Capital Management Corp now owns 1,002,758 shares of the industrial products company's stock worth $144,738,000 after purchasing an additional 59,322 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Chart Industries by 10.7% in the 2nd quarter. Principal Financial Group Inc. now owns 770,465 shares of the industrial products company's stock valued at $111,209,000 after purchasing an additional 74,519 shares during the period.

Chart Industries Trading Down 1.5 %

Shares of Chart Industries stock traded down $1.88 on Friday, hitting $122.43. 1,101,623 shares of the company's stock traded hands, compared to its average volume of 614,171. The firm's 50-day moving average price is $130.45 and its two-hundred day moving average price is $143.22. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.98. The stock has a market capitalization of $5.24 billion, a PE ratio of 122.64, a price-to-earnings-growth ratio of 0.35 and a beta of 1.70. Chart Industries has a one year low of $101.60 and a one year high of $173.65.

Chart Industries (NYSE:GTLS - Get Free Report) last released its earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($0.39). The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The company's quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.19 EPS. On average, research analysts expect that Chart Industries will post 10.57 EPS for the current fiscal 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.