Chart Industries (NYSE:GTLS) Given New $145.00 Price Target at Barclays

Chart Industries (NYSE:GTLS - Free Report) had its price target decreased by Barclays from $146.00 to $145.00 in a research report report published on Monday, Benzinga reports. Barclays currently has an equal weight rating on the industrial products company's stock.

GTLS has been the topic of a number of other research reports. Bank of America dropped their target price on shares of Chart Industries from $185.00 to $165.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Morgan Stanley upgraded Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 price target for the company in a report on Monday, September 16th. Wells Fargo & Company dropped their price target on shares of Chart Industries from $151.00 to $146.00 and set an "overweight" rating on the stock in a research note on Thursday, October 3rd. Evercore ISI upgraded shares of Chart Industries to a "strong-buy" rating in a research note on Monday, August 5th. Finally, The Goldman Sachs Group dropped their target price on shares of Chart Industries from $168.00 to $144.00 and set a "neutral" rating on the stock in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $178.82.

Chart Industries Trading Up 8.8 %

Shares of GTLS stock traded up $11.43 during trading hours on Monday, reaching $141.43. The company's stock had a trading volume of 2,491,269 shares, compared to its average volume of 632,780. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $6.05 billion, a P/E ratio of 40.96, a P/E/G ratio of 0.56 and a beta of 1.71. The firm's fifty day simple moving average is $121.62 and its 200 day simple moving average is $136.90. Chart Industries has a one year low of $101.60 and a one year high of $171.68.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.10 billion. During the same period in the prior year, the business posted $1.28 earnings per share. The company's revenue for the quarter was up 18.3% on a year-over-year basis. Equities research analysts expect that Chart Industries will post 9.94 EPS for the current year.

Insiders Place Their Bets

In related news, Director Linda S. Harty acquired 5,000 shares of the firm's stock in a transaction dated Monday, September 16th. The shares were purchased at an average price of $48.05 per share, with a total value of $240,250.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company's stock, valued at $240,250. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Jillian C. Evanko purchased 440 shares of the firm's stock in a transaction on Thursday, September 5th. The shares were acquired at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the purchase, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Linda S. Harty bought 5,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company's stock, valued at $240,250. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 7,152 shares of company stock valued at $482,278. Insiders own 0.95% of the company's stock.

Institutional Trading of Chart Industries

Hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new stake in Chart Industries during the first quarter worth approximately $30,000. Ashton Thomas Securities LLC purchased a new position in shares of Chart Industries during the 3rd quarter worth about $34,000. UMB Bank n.a. grew its stake in shares of Chart Industries by 418.0% during the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company's stock valued at $39,000 after buying an additional 255 shares during the last quarter. Byrne Asset Management LLC bought a new stake in shares of Chart Industries during the 2nd quarter worth approximately $40,000. Finally, Ecofi Investissements SA purchased a new position in Chart Industries during the 2nd quarter valued at $50,000.

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.