Chart Industries (NYSE:GTLS) Issues Quarterly Earnings Results

by · The Cerbat Gem

Chart Industries (NYSE:GTLS – Get Free Report) posted its earnings results on Monday. The industrial products company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of $1.89 by ($2.25), FiscalAI reports. Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The business had revenue of $884.80 million for the quarter, compared to analysts’ expectations of $1.03 billion.

Chart Industries Trading Up 0.2%

Shares of NYSE GTLS traded up $0.34 during midday trading on Monday, reaching $207.77. 1,245,142 shares of the stock were exchanged, compared to its average volume of 1,372,323. The company has a market capitalization of $9.95 billion, a P/E ratio of 799.14, a P/E/G ratio of 0.96 and a beta of 1.56. Chart Industries has a 52-week low of $140.50 and a 52-week high of $208.51. The company has a current ratio of 1.36, a quick ratio of 1.09 and a debt-to-equity ratio of 1.06. The stock has a 50 day moving average price of $207.37 and a 200-day moving average price of $205.79.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Zacks Research downgraded shares of Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Finally, Wall Street Zen upgraded shares of Chart Industries to a “hold” rating in a report on Saturday, April 4th. One research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $202.00.

View Our Latest Research Report on GTLS

Institutional Investors Weigh In On Chart Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Los Angeles Capital Management LLC purchased a new stake in shares of Chart Industries during the fourth quarter worth about $40,000. Smartleaf Asset Management LLC grew its holdings in shares of Chart Industries by 44.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 223 shares of the industrial products company’s stock worth $46,000 after buying an additional 69 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Chart Industries by 44.8% during the second quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock worth $53,000 after buying an additional 100 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Chart Industries during the third quarter worth about $80,000. Finally, Equitable Holdings Inc. purchased a new stake in shares of Chart Industries during the third quarter worth about $210,000.

Chart Industries Company Profile

(Get Free Report)

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.

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