Chart Industries (NYSE:GTLS) Upgraded at Wall Street Zen
by Teresa Graham · The Cerbat GemWall Street Zen upgraded shares of Chart Industries (NYSE:GTLS – Free Report) to a hold rating in a report issued on Saturday.
Several other brokerages also recently commented on GTLS. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research report on Friday, March 27th. Zacks Research downgraded shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $203.67.
View Our Latest Research Report on Chart Industries
Chart Industries Stock Up 0.2%
Shares of NYSE:GTLS opened at $207.46 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.09 and a current ratio of 1.36. The company has a market cap of $9.93 billion, a PE ratio of 797.97, a price-to-earnings-growth ratio of 0.81 and a beta of 1.70. Chart Industries has a 52 week low of $107.02 and a 52 week high of $208.24. The firm has a 50 day simple moving average of $207.12 and a 200 day simple moving average of $204.64.
Chart Industries (NYSE:GTLS – Get Free Report) last issued its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.97). The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.66 EPS. As a group, research analysts expect that Chart Industries will post 9.02 earnings per share for the current year.
Institutional Investors Weigh In On Chart Industries
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GTLS. AQR Capital Management LLC lifted its position in Chart Industries by 39.0% in the 1st quarter. AQR Capital Management LLC now owns 26,089 shares of the industrial products company’s stock worth $3,694,000 after buying an additional 7,314 shares in the last quarter. Prudential Financial Inc. lifted its position in Chart Industries by 77.4% in the 2nd quarter. Prudential Financial Inc. now owns 7,724 shares of the industrial products company’s stock worth $1,277,000 after buying an additional 3,370 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Chart Industries in the 2nd quarter worth approximately $941,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Chart Industries in the second quarter worth approximately $1,556,000. Finally, California Public Employees Retirement System grew its position in Chart Industries by 7.8% in the second quarter. California Public Employees Retirement System now owns 75,645 shares of the industrial products company’s stock worth $12,455,000 after acquiring an additional 5,443 shares in the last quarter.
Chart Industries Company Profile
Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.
Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.