Chart Industries (NYSE:GTLS) Upgraded to Overweight at Morgan Stanley

Morgan Stanley upgraded shares of Chart Industries (NYSE:GTLS - Free Report) from an equal weight rating to an overweight rating in a report published on Monday, MarketBeat.com reports. They currently have $175.00 price objective on the industrial products company's stock.

A number of other brokerages also recently issued reports on GTLS. Stifel Nicolaus reissued a buy rating and set a $199.00 price target on shares of Chart Industries in a research report on Monday, August 26th. Evercore ISI raised Chart Industries to a strong-buy rating in a report on Monday, August 5th. Barclays dropped their price target on Chart Industries from $193.00 to $147.00 and set an equal weight rating for the company in a research note on Tuesday, August 6th. The Goldman Sachs Group reduced their price objective 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. Finally, Craig Hallum decreased their target price on shares of Chart Industries from $229.00 to $199.00 and set a buy rating on the stock in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $185.54.

Chart Industries Stock Performance

Shares of GTLS traded up $2.50 during midday trading on Monday, reaching $117.48. 760,688 shares of the stock were exchanged, compared to its average volume of 607,763. The stock's 50 day simple moving average is $131.67 and its 200 day simple moving average is $143.69. The company has a market cap of $5.03 billion, a P/E ratio of 117.48, a PEG ratio of 0.35 and a beta of 1.70. Chart Industries has a twelve month low of $101.60 and a twelve month high of $176.85. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings data 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). Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm earned $1.19 EPS. Chart Industries's revenue for the quarter was up 14.5% compared to the same quarter last year. On average, sell-side analysts expect that Chart Industries will post 10.57 earnings per share for the current year.

Insider Activity at Chart Industries

In other news, Director Linda S. Harty bought 5,000 shares of the stock in a transaction on Monday, September 16th. The stock was acquired at an average price of $48.05 per share, with a total value of $240,250.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $240,250. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of the business's stock in a transaction dated Thursday, September 5th. The shares were bought at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the acquisition, the chief executive officer now owns 125,448 shares in the company, valued at $14,339,960.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Linda S. Harty acquired 5,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was bought at an average price of $48.05 per share, with a total value of $240,250.00. Following the completion of the acquisition, 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. Insiders have bought a total of 7,152 shares of company stock valued at $482,278 in the last 90 days. 0.95% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Chart Industries

A number of institutional investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Chart Industries in the 2nd quarter worth approximately $296,000. Sanctuary Advisors LLC bought a new position in Chart Industries during the second quarter worth $520,000. B. Riley Wealth Advisors Inc. acquired a new position in Chart Industries in the second quarter valued at $923,000. Ecofi Investissements SA bought a new stake in Chart Industries during the second quarter valued at $50,000. Finally, Creative Planning grew its holdings in Chart Industries by 57.6% during the 2nd quarter. Creative Planning now owns 5,621 shares of the industrial products company's stock worth $811,000 after acquiring an additional 2,055 shares during the period.

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.