Barclays Boosts Chart Industries (NYSE:GTLS) Price Target to $171.00

Chart Industries (NYSE:GTLS - Get Free Report) had its target price hoisted by research analysts at Barclays from $160.00 to $171.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the industrial products company's stock. Barclays's price target would indicate a potential upside of 7.50% from the stock's previous close.

A number of other research analysts have also recently weighed in on GTLS. TD Cowen dropped their price target on Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Citigroup lifted their target price on shares of Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Morgan Stanley reduced their price target on shares of Chart Industries from $275.00 to $250.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. The Goldman Sachs Group dropped their price objective on shares of Chart Industries from $197.00 to $173.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Finally, Stifel Nicolaus reduced their target price on Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Two equities research 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 company. According to MarketBeat, Chart Industries currently has a consensus rating of "Buy" and an average price target of $201.64.

Chart Industries Price Performance

Shares of NYSE:GTLS traded up $1.65 on Monday, reaching $159.07. 483,258 shares of the company were exchanged, compared to its average volume of 709,085. The company has a 50-day moving average of $140.86 and a 200-day moving average of $170.01. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 46.11, a price-to-earnings-growth ratio of 0.57 and a beta of 1.69. Chart Industries has a 1-year low of $101.60 and a 1-year high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.84 by $0.02. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period last year, the company posted $1.49 earnings per share. The firm's quarterly revenue was up 38.8% compared to the same quarter last year. Equities analysts forecast that Chart Industries will post 9.02 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Linda S. Harty bought 500 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the acquisition, the director now owns 11,684 shares in the company, valued at $1,645,691.40. This trade represents a 4.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gerald F. Vinci purchased 175 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 1,109 shares of company stock valued at $160,845 over the last quarter. Company insiders own 0.99% of the company's stock.

Institutional Trading of Chart Industries

Several institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management UK Ltd. boosted its holdings in Chart Industries by 26.7% in the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company's stock valued at $1,813,000 after acquiring an additional 2,000 shares during the last quarter. Connective Portfolio Management LLC purchased a new stake in shares of Chart Industries during the 4th quarter worth about $725,000. Principal Financial Group Inc. increased its position in Chart Industries by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company's stock worth $99,673,000 after purchasing an additional 32,442 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in Chart Industries during the 4th quarter worth approximately $410,000. Finally, Sheets Smith Wealth Management raised its holdings in Chart Industries by 38.4% in the fourth quarter. Sheets Smith Wealth Management now owns 11,612 shares of the industrial products company's stock valued at $2,216,000 after buying an additional 3,223 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.