Chart Industries (NYSE:GTLS) Trading 5.9% Higher After Analyst Upgrade

Chart Industries, Inc. (NYSE:GTLS - Get Free Report)'s share price traded up 5.9% during mid-day trading on Monday after Craig Hallum raised their price target on the stock from $199.00 to $207.00. Craig Hallum currently has a buy rating on the stock. Chart Industries traded as high as $138.38 and last traded at $137.73. 208,428 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 622,063 shares. The stock had previously closed at $130.00.

Other equities research analysts also recently issued reports about the company. Bank of America reduced their price objective on Chart Industries from $185.00 to $165.00 and set a "buy" rating for the company in a report on Monday, October 14th. Wells Fargo & Company reduced their price target on shares of Chart Industries from $151.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, October 3rd. Evercore ISI upgraded shares of Chart Industries to a "strong-buy" rating in a research report on Monday, August 5th. Stifel Nicolaus lifted their target price on shares of Chart Industries from $198.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Morgan Stanley upgraded shares of Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 target price for the company in a research note on Monday, September 16th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Chart Industries currently has a consensus rating of "Moderate Buy" and an average target price of $178.82.

Insiders Place Their Bets

In other Chart Industries news, Director Linda S. Harty acquired 5,000 shares of the company's stock in a transaction dated Monday, September 16th. The stock was 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 in the company, valued at approximately $240,250. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Linda S. Harty acquired 5,000 shares of Chart Industries stock in a transaction dated Monday, September 16th. The shares were 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 in the company, valued at approximately $240,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jillian C. Evanko bought 440 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average price of $114.31 per share, with a total value of $50,296.40. Following the transaction, the chief executive officer now owns 125,448 shares of the company's stock, valued at $14,339,960.88. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 7,152 shares of company stock worth $482,278. Company insiders own 0.95% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GTLS. Ashton Thomas Securities LLC purchased a new stake in shares of Chart Industries during the 3rd quarter worth approximately $34,000. Mesirow Financial Investment Management Inc. grew its stake in shares of Chart Industries by 86.8% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 3,139 shares of the industrial products company's stock worth $390,000 after buying an additional 1,459 shares in the last quarter. Sheets Smith Wealth Management increased its holdings in shares of Chart Industries by 5.8% in the 3rd quarter. Sheets Smith Wealth Management now owns 8,389 shares of the industrial products company's stock worth $1,041,000 after buying an additional 457 shares during the last quarter. Assetmark Inc. raised its position in shares of Chart Industries by 6.4% during the 3rd quarter. Assetmark Inc. now owns 2,121 shares of the industrial products company's stock valued at $263,000 after buying an additional 128 shares in the last quarter. Finally, Lifestyle Asset Management Inc. lifted its holdings in shares of Chart Industries by 13.5% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 2,267 shares of the industrial products company's stock valued at $281,000 after acquiring an additional 269 shares during the last quarter.

Chart Industries Trading Up 8.8 %

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 company has a 50-day moving average of $121.62 and a 200 day moving average of $136.90. The company has a market cap of $6.05 billion, a PE ratio of 40.96, a price-to-earnings-growth ratio of 0.56 and a beta of 1.71.

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