Chart Industries (NYSE:GTLS) PT Lowered to $165.00

Chart Industries (NYSE:GTLS) had its price target cut by Bank of America from $185.00 to $165.00 in a research note released on Monday morning, Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

A number of other brokerages have also recently weighed in on GTLS. Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Stifel Nicolaus cut their price objective on shares of Chart Industries from $199.00 to $198.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target on the stock in a research 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 report on Thursday, October 3rd. Finally, The Goldman Sachs Group dropped their price target on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $178.00.

Chart Industries Stock Performance

Shares of GTLS opened at $127.16 on Monday. Chart Industries has a 1 year low of $101.60 and a 1 year high of $171.68. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 127.16, a price-to-earnings-growth ratio of 0.40 and a beta of 1.70. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.98 and a current ratio of 1.27. The firm has a fifty day moving average of $119.56 and a 200-day moving average of $139.64.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.57 by ($0.39). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the firm posted $1.19 EPS. The business’s revenue was up 14.5% compared to the same quarter last year. As a group, equities analysts anticipate that Chart Industries will post 10.42 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Jillian C. Evanko purchased 440 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of $114.31 per share, with a total value of $50,296.40. Following the purchase, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. In other Chart Industries news, CEO Jillian C. Evanko bought 440 shares of the stock in a transaction 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 purchase, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Linda S. Harty bought 1,000 shares of the stock in a transaction on Friday, September 13th. The shares were acquired at an average cost of $113.50 per share, for a total transaction of $113,500.00. Following the purchase, the director now owns 10,640 shares in the company, valued at approximately $1,207,640. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 7,152 shares of company stock valued at $482,278. 0.95% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chart Industries

Several institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Chart Industries in the 1st quarter valued at approximately $30,000. Rise Advisors LLC grew its stake in shares of Chart Industries by 905.0% in the 1st quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $33,000 after buying an additional 181 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Chart Industries by 418.0% in the 3rd 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 in the last quarter. Byrne Asset Management LLC bought a new stake in shares of Chart Industries in the 2nd quarter valued at approximately $40,000. Finally, Ecofi Investissements SA bought a new stake in shares of Chart Industries in the 2nd quarter valued at approximately $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.