Chart Industries (NYSE:GTLS) Price Target Lowered to $214.00 at Stifel Nicolaus

Chart Industries (NYSE:GTLS) had its price target reduced by Stifel Nicolaus from $231.00 to $214.00 in a research report sent to investors on Tuesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the industrial products company’s stock.

Several other equities research analysts have also weighed in on GTLS. TD Cowen lifted their price target on Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Citigroup increased their price target on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Morgan Stanley reduced their price objective on Chart Industries from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Barclays decreased their target price on shares of Chart Industries from $165.00 to $160.00 and set an “equal weight” rating for the company in a research note on Thursday, April 10th. Finally, Wells Fargo & Company reduced their price target on shares of Chart Industries from $214.00 to $208.00 and set an “overweight” rating for the company in a research report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Chart Industries currently has an average rating of “Moderate Buy” and a consensus price target of $200.00.

Chart Industries Stock Performance

Shares of GTLS stock opened at $121.02 on Tuesday. The stock has a 50 day moving average price of $151.14 and a two-hundred day moving average price of $168.84. Chart Industries has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The company has a market capitalization of $5.44 billion, a P/E ratio of 35.08, a PEG ratio of 0.57 and a beta of 1.68.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.25 EPS. Analysts expect that Chart Industries will post 9.02 earnings per share for the current year.

Insider Buying and Selling

In other Chart Industries news, CEO Jillian C. Evanko acquired 350 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of $150.35 per share, with a total value of $52,622.50. Following the purchase, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at approximately $20,698,083.10. This represents a 0.25 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Gerald F. Vinci purchased 175 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $147.89 per share, with a total value of $25,880.75. Following the transaction, the vice president now owns 475 shares of the company’s stock, valued at $70,247.75. This represents a 58.33 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 1,109 shares of company stock valued at $160,845. Corporate insiders own 0.95% of the company’s stock.

Hedge Funds Weigh In On Chart Industries

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

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.