Chart Industries, Inc. (NYSE:GTLS) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Chart Industries, Inc. (NYSE:GTLS) have earned a consensus recommendation of “Buy” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $201.64.

Several analysts recently weighed in on GTLS shares. Barclays lifted their price objective on Chart Industries from $160.00 to $171.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. Wells Fargo & Company lowered their price objective on Chart Industries from $214.00 to $208.00 and set an “overweight” rating for the company in a research report on Tuesday, April 1st. The Goldman Sachs Group lowered their target price on shares of Chart Industries from $197.00 to $173.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. TD Cowen lowered their price objective on shares of Chart Industries from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Finally, Morgan Stanley dropped their target price on Chart Industries from $275.00 to $250.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th.

Chart Industries Stock Performance

Chart Industries stock opened at $159.07 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The company’s 50-day moving average is $140.70 and its 200 day moving average is $170.26. Chart Industries has a 1-year low of $101.60 and a 1-year high of $220.03. The firm has a market capitalization of $7.15 billion, a P/E ratio of 46.11, a price-to-earnings-growth ratio of 0.57 and a beta of 1.69.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.84 by $0.02. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm posted $1.49 EPS. The firm’s revenue was up 38.8% compared to the same quarter last year. Research analysts forecast that Chart Industries will post 9.02 EPS for the current year.

Insider Activity

In other news, Director Linda S. Harty bought 500 shares of Chart Industries stock in a transaction on Monday, March 10th. The stock was acquired at an average price of $140.85 per share, with a total value of $70,425.00. Following the completion of the acquisition, the director now directly owns 11,684 shares of the company’s stock, valued at $1,645,691.40. The trade was a 4.47 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Gerald F. Vinci acquired 175 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the acquisition, the vice president now directly owns 475 shares in the company, valued at $70,247.75. This represents a 58.33 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 1,109 shares of company stock worth $160,845 over the last three months. 0.99% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Capital Analysts LLC purchased a new position in Chart Industries in the fourth quarter worth approximately $25,000. Smartleaf Asset Management LLC grew its position in Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 92 shares in the last quarter. Global X Japan Co. Ltd. increased its stake in Chart Industries by 142.9% during the 1st quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company’s stock worth $25,000 after buying an additional 100 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of Chart Industries during the first quarter worth $25,000. Finally, Fairway Wealth LLC purchased a new stake in Chart Industries during the 4th quarter worth about $34,000.

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.