Stifel Nicolaus Has Lowered Expectations for Chart Industries (NYSE:GTLS) Stock Price

Chart Industries (NYSE:GTLS) had its target price reduced by analysts at Stifel Nicolaus from $231.00 to $214.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ target price points to a potential upside of 80.11% from the stock’s previous close.

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

Chart Industries Trading Up 0.1 %

NYSE:GTLS traded up $0.09 during trading hours on Tuesday, hitting $118.81. 343,237 shares of the company were exchanged, compared to its average volume of 703,623. The company has a fifty day simple moving average of $152.60 and a 200 day simple moving average of $169.17. Chart Industries has a one year low of $101.60 and a one year high of $220.03. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. 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 data on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing the consensus estimate of $3.20 by ($0.54). The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. During the same quarter last year, the company earned $2.25 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. Sell-side analysts expect that Chart Industries will post 9.02 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, VP Gerald F. Vinci bought 175 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the purchase, the vice president now directly owns 475 shares in the company, valued at $70,247.75. This trade represents a 58.33 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jillian C. Evanko purchased 350 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were bought at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the transaction, the chief executive officer now owns 137,666 shares of the company’s stock, valued at approximately $20,698,083.10. This trade represents a 0.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,109 shares of company stock worth $160,845 over the last 90 days. Corporate insiders own 0.95% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Archford Capital Strategies LLC increased its stake in Chart Industries by 2.2% in the 4th quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company’s stock worth $433,000 after acquiring an additional 48 shares during the last quarter. First Manhattan CO. LLC. lifted its position in Chart Industries by 3.1% during the fourth quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company’s stock valued at $340,000 after purchasing an additional 54 shares during the last quarter. MML Investors Services LLC grew its stake in Chart Industries by 3.3% in the 3rd quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock worth $245,000 after buying an additional 63 shares in the last quarter. Assetmark Inc. raised its position in shares of Chart Industries by 3.0% during the 4th quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company’s stock valued at $417,000 after buying an additional 64 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 65 shares during the last quarter.

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.