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

Chart Industries (NYSE:GTLS - Free Report) had its target price decreased by Stifel Nicolaus from $231.00 to $214.00 in a research note published on Tuesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the industrial products company's stock.

A number of other analysts also recently weighed in on GTLS. TD Cowen upped their target price on Chart Industries from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Wells Fargo & Company cut their price objective on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research report on Tuesday, April 1st. Morgan Stanley decreased their target price 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. Citigroup boosted their target price on shares of Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, Barclays reduced their price target on shares of Chart Industries from $165.00 to $160.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Three 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 company's stock. Based on data from MarketBeat, Chart Industries has an average rating of "Moderate Buy" and a consensus target price of $197.67.

Chart Industries Stock Performance

NYSE:GTLS traded up $2.43 during mid-day trading on Tuesday, hitting $135.67. 391,753 shares of the stock were exchanged, compared to its average volume of 711,547. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 39.32, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. The firm's 50-day simple moving average is $147.33 and its 200 day simple moving average is $168.98. Chart Industries has a fifty-two week low of $101.60 and a fifty-two week high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last issued 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). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the firm earned $2.25 EPS. Chart Industries's revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, equities analysts anticipate that Chart Industries will post 9.02 EPS for the current fiscal year.

Insider Buying and Selling at Chart Industries

In other news, CEO Jillian C. Evanko bought 350 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $150.35 per share, with a total value of $52,622.50. Following the transaction, the chief executive officer now owns 137,666 shares of the company's stock, valued at $20,698,083.10. This trade represents a 0.25 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linda S. Harty purchased 500 shares of the company's stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the transaction, the director now directly owns 11,684 shares in the company, valued at approximately $1,645,691.40. This trade represents a 4.47 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 1,109 shares of company stock worth $160,845. 0.99% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GTLS. Vanguard Group Inc. increased its holdings in Chart Industries by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,297,398 shares of the industrial products company's stock worth $820,115,000 after purchasing an additional 59,889 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Chart Industries by 2.2% during the fourth quarter. Janus Henderson Group PLC now owns 1,608,883 shares of the industrial products company's stock worth $307,046,000 after acquiring an additional 35,004 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Chart Industries by 37.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock worth $203,178,000 after purchasing an additional 291,520 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Chart Industries by 4.2% during the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company's stock valued at $99,673,000 after purchasing an additional 32,442 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Chart Industries by 23.4% during the 4th quarter. Northern Trust Corp now owns 639,548 shares of the industrial products company's stock worth $122,051,000 after purchasing an additional 121,259 shares in 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.