TD Cowen Has Lowered Expectations for Chart Industries (NYSE:GTLS) Stock Price

Chart Industries (NYSE:GTLS - Get Free Report) had its price objective decreased by equities research analysts at TD Cowen from $210.00 to $205.00 in a report issued on Friday, Marketbeat reports. The firm presently has a "buy" rating on the industrial products company's stock. TD Cowen's target price would suggest a potential upside of 30.61% from the company's current price.

Several other research firms have also weighed in on GTLS. Citigroup increased their target price on Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Stifel Nicolaus cut their price target on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Barclays decreased their price objective on shares of Chart Industries from $165.00 to $160.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Wells Fargo & Company lowered their target price on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research note on Tuesday, April 1st. Finally, 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 research report on Thursday, March 27th. 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $197.25.

Chart Industries Trading Up 3.6 %

Shares of NYSE GTLS traded up $5.50 during mid-day trading on Friday, hitting $156.95. The company's stock had a trading volume of 688,310 shares, compared to its average volume of 711,482. Chart Industries has a one year low of $101.60 and a one year high of $220.03. The company's fifty day simple moving average is $143.01 and its 200-day simple moving average is $169.85. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 45.49, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.02. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the business posted $1.49 earnings per share. Chart Industries's revenue was up 38.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Chart Industries will post 9.02 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Linda S. Harty acquired 500 shares of the business's stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $140.85 per share, with a total value of $70,425.00. Following the acquisition, the director now owns 11,684 shares in the company, valued at $1,645,691.40. This represents a 4.47 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Gerald F. Vinci bought 175 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the completion of the acquisition, the vice president now owns 475 shares of the company's stock, valued at $70,247.75. The trade was a 58.33 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 1,109 shares of company stock worth $160,845 over the last three months. Corporate insiders own 0.99% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of 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 valued at $820,115,000 after purchasing an additional 59,889 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Chart Industries by 2.2% in the 4th quarter. Janus Henderson Group PLC now owns 1,608,883 shares of the industrial products company's stock valued at $307,046,000 after purchasing an additional 35,004 shares during the period. Dimensional Fund Advisors LP grew its holdings in Chart Industries by 37.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock valued at $203,178,000 after buying an additional 291,520 shares in the last quarter. 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 buying an additional 32,442 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Chart Industries by 23.4% in the fourth quarter. Northern Trust Corp now owns 639,548 shares of the industrial products company's stock valued at $122,051,000 after acquiring an additional 121,259 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.