BidaskClub cut shares of Chart Industries (NASDAQ:GTLS) from a buy rating to a hold rating in a research note issued to investors on Tuesday.
Several other research firms have also recently issued reports on GTLS. Lake Street Capital increased their price objective on shares of Chart Industries from $71.00 to $90.00 and gave the company a buy rating in a report on Friday, June 8th. Zacks Investment Research upgraded shares of Chart Industries from a hold rating to a strong-buy rating and set a $75.00 price objective for the company in a report on Thursday, June 21st. Northcoast Research set a $71.00 price objective on shares of Chart Industries and gave the company a buy rating in a report on Monday, April 23rd. ValuEngine upgraded shares of Chart Industries from a hold rating to a buy rating in a report on Friday, April 6th. Finally, Seaport Global Securities reiterated a buy rating and issued a $70.00 price objective on shares of Chart Industries in a report on Friday, April 20th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $67.33.
NASDAQ GTLS opened at $61.68 on Tuesday. Chart Industries has a 52 week low of $32.54 and a 52 week high of $74.27. The company has a quick ratio of 1.12, a current ratio of 1.70 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 64.25, a PEG ratio of 1.25 and a beta of 1.07.
Chart Industries (NASDAQ:GTLS) last posted its earnings results on Thursday, April 19th. The industrial products company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. Chart Industries had a net margin of 3.46% and a return on equity of 5.20%. The firm had revenue of $279.70 million during the quarter, compared to analysts’ expectations of $263.34 million. During the same quarter in the prior year, the firm earned $0.01 EPS. Chart Industries’s quarterly revenue was up 37.0% on a year-over-year basis. equities analysts expect that Chart Industries will post 1.87 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of the company. Eagle Asset Management Inc. boosted its holdings in shares of Chart Industries by 5.1% in the first quarter. Eagle Asset Management Inc. now owns 1,788,340 shares of the industrial products company’s stock valued at $105,565,000 after acquiring an additional 86,439 shares in the last quarter. Carillon Tower Advisers Inc. lifted its stake in Chart Industries by 6.3% during the first quarter. Carillon Tower Advisers Inc. now owns 1,189,196 shares of the industrial products company’s stock valued at $68,307,000 after purchasing an additional 70,707 shares during the last quarter. Northern Trust Corp lifted its stake in Chart Industries by 1.1% during the first quarter. Northern Trust Corp now owns 676,483 shares of the industrial products company’s stock valued at $39,934,000 after purchasing an additional 7,439 shares during the last quarter. Hood River Capital Management LLC lifted its stake in Chart Industries by 1,074.4% during the first quarter. Hood River Capital Management LLC now owns 352,306 shares of the industrial products company’s stock valued at $20,797,000 after purchasing an additional 322,306 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC lifted its stake in Chart Industries by 45.1% during the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 311,005 shares of the industrial products company’s stock valued at $14,574,000 after purchasing an additional 96,664 shares during the last quarter. Institutional investors and hedge funds own 99.06% of the company’s stock.
Chart Industries Company Profile
Chart Industries, Inc manufactures and sells engineered equipment, packaged solutions, and value-add services for the industrial gas, energy, and biomedical industries worldwide. It operates in three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. The E&C segment primarily provides brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, air cooled heat exchangers, cold boxes, and process systems, as well as axial cooling fans for power, heating, ventilation, air conditioning, and refining end user applications.
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