Stifel Nicolaus Issues Positive Forecast for Chart Industries (NYSE:GTLS) Stock Price

Chart Industries (NYSE:GTLS) had its target price hoisted by Stifel Nicolaus from $198.00 to $200.00 in a research report report published on Monday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the industrial products company’s stock.

Several other research analysts have also recently issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Craig Hallum lowered their price target 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. Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Bank of America lowered their price objective on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Barclays lowered their price target on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Chart Industries has an average rating of “Moderate Buy” and a consensus price target of $178.82.

Chart Industries Price Performance

Chart Industries stock traded up $0.67 during mid-day trading on Monday, reaching $142.10. 55,804 shares of the company’s stock traded hands, compared to its average volume of 629,933. Chart Industries has a 12-month low of $101.60 and a 12-month high of $171.68. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 40.99, a PEG ratio of 0.61 and a beta of 1.71. The stock has a 50 day moving average of $121.62 and a two-hundred day moving average of $136.90. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the firm earned $1.28 EPS. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. Equities analysts forecast that Chart Industries will post 9.94 earnings per share for the current year.

Insiders Place Their Bets

In other Chart Industries news, CEO Jillian C. Evanko bought 440 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were acquired at an average cost 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 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 filing with the SEC, which is available through this hyperlink. In related news, CEO Jillian C. Evanko bought 440 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul E. Mahoney acquired 500 shares of the stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of $106.55 per share, with a total value of $53,275.00. Following the completion of the transaction, the director now owns 2,107 shares in the company, valued at approximately $224,500.85. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 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 insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GTLS. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Chart Industries by 28.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 118,774 shares of the industrial products company’s stock worth $19,564,000 after acquiring an additional 26,627 shares during the period. SIR Capital Management L.P. raised its stake in shares of Chart Industries by 74.7% during the 2nd quarter. SIR Capital Management L.P. now owns 97,342 shares of the industrial products company’s stock worth $14,050,000 after buying an additional 41,626 shares in the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in shares of Chart Industries in the 1st quarter valued at approximately $15,702,000. NBW Capital LLC grew its holdings in Chart Industries by 28.7% during the first quarter. NBW Capital LLC now owns 58,651 shares of the industrial products company’s stock worth $9,661,000 after acquiring an additional 13,062 shares during the period. Finally, Lisanti Capital Growth LLC lifted its holdings in Chart Industries by 99.1% in the first quarter. Lisanti Capital Growth LLC now owns 32,230 shares of the industrial products company’s stock valued at $5,309,000 after acquiring an additional 16,040 shares during the period.

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.