Chart Industries (NYSE:GTLS) Given New $250.00 Price Target at Morgan Stanley

Chart Industries (NYSE:GTLS) had its price target cut by Morgan Stanley from $275.00 to $250.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

GTLS has been the subject of a number of other research reports. Barclays boosted their price target on shares of Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Raymond James restated a “strong-buy” rating and issued a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. Citigroup lifted their price target on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Wells Fargo & Company lowered their price objective on Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Finally, Stifel Nicolaus lifted their target price on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Chart Industries has an average rating of “Moderate Buy” and a consensus price target of $202.33.

Chart Industries Trading Down 2.2 %

GTLS opened at $153.54 on Thursday. The company has a fifty day moving average price of $182.86 and a two-hundred day moving average price of $167.65. Chart Industries has a 1-year low of $101.60 and a 1-year high of $220.03. The company has a market cap of $7.01 billion, a P/E ratio of 44.50, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

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

Insiders Place Their Bets

In related news, VP Gerald F. Vinci purchased 175 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $147.89 per share, with a total value of $25,880.75. Following the acquisition, the vice president now owns 475 shares of the company’s stock, valued at $70,247.75. This trade represents a 58.33 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Linda S. Harty acquired 500 shares of Chart Industries stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $140.85 per share, with a total value of $70,425.00. Following the completion of the acquisition, the director now owns 11,684 shares of the company’s stock, valued at $1,645,691.40. This trade represents a 4.47 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 1,109 shares of company stock valued at $160,845. Company insiders own 0.95% of the company’s stock.

Institutional Investors Weigh In On Chart Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GTLS. Capital Analysts LLC purchased a new position in shares of Chart Industries in the fourth quarter worth about $25,000. Smartleaf Asset Management LLC boosted its holdings 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 worth $31,000 after buying an additional 92 shares during the period. Fairway Wealth LLC bought a new position in Chart Industries in the 4th quarter worth approximately $34,000. Blue Trust Inc. grew its stake in Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after buying an additional 65 shares in the last quarter. Finally, Spire Wealth Management raised its holdings in Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 125 shares during the period.

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.