Bank of America Lowers Chart Industries (NYSE:GTLS) Price Target to $165.00

Chart Industries (NYSE:GTLS) had its target price reduced by stock analysts at Bank of America from $185.00 to $165.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Bank of America‘s target price suggests a potential upside of 30.04% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Barclays lowered their target price on Chart Industries from $193.00 to $147.00 and set an “equal weight” rating for the company in a report on Tuesday, August 6th. Wells Fargo & Company dropped their target price 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. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target for the company in a report on Monday, September 16th. The Goldman Sachs Group dropped their price objective 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. Finally, Craig Hallum reduced their target price on Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Chart Industries has an average rating of “Moderate Buy” and a consensus price target of $178.09.

Chart Industries Trading Down 0.3 %

GTLS traded down $0.40 during trading on Monday, reaching $126.88. 180,188 shares of the company’s stock were exchanged, compared to its average volume of 613,385. The firm has a fifty day moving average price of $119.02 and a two-hundred day moving average price of $140.27. The stock has a market capitalization of $5.43 billion, a PE ratio of 126.73, a price-to-earnings-growth ratio of 0.40 and a beta of 1.70. Chart Industries has a one year low of $101.60 and a one year high of $171.68. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28.

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

Insider Buying and Selling

In other news, CEO Jillian C. Evanko acquired 440 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were purchased at an average cost of $114.31 per share, with a total value of $50,296.40. Following the acquisition, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Chart Industries news, CEO Jillian C. Evanko bought 440 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were purchased at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the purchase, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul E. Mahoney acquired 500 shares of Chart Industries stock in a transaction on Wednesday, September 11th. The stock was acquired at an average price of $106.55 per share, with a total value of $53,275.00. Following the purchase, the director now directly owns 2,107 shares in the company, valued at approximately $224,500.85. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 7,152 shares of company stock worth $482,278. 0.95% of the stock is owned by corporate insiders.

Institutional Trading of Chart Industries

Several hedge funds have recently added to or reduced their stakes in GTLS. Perpetual Ltd lifted its position in shares of Chart Industries by 24.0% during the 1st quarter. Perpetual Ltd now owns 543,933 shares of the industrial products company’s stock valued at $89,597,000 after buying an additional 105,236 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in 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 purchasing an additional 26,627 shares during the period. SIR Capital Management L.P. increased its stake in shares of Chart Industries by 74.7% in the second quarter. SIR Capital Management L.P. now owns 97,342 shares of the industrial products company’s stock worth $14,050,000 after purchasing an additional 41,626 shares in the last quarter. Retirement Systems of Alabama increased its stake in shares of Chart Industries by 5.1% in the first quarter. Retirement Systems of Alabama now owns 114,685 shares of the industrial products company’s stock worth $18,891,000 after purchasing an additional 5,541 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC purchased a new stake in shares of Chart Industries during the 1st quarter valued at approximately $15,702,000.

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.