BidaskClub upgraded shares of Chart Industries (NASDAQ:GTLS) from a buy rating to a strong-buy rating in a research note published on Wednesday.
GTLS has been the topic of a number of other research reports. Zacks Investment Research lowered Chart Industries from a buy rating to a hold rating in a report on Thursday, February 7th. Evercore ISI upgraded Chart Industries from an in-line rating to an outperform rating and set a $95.00 price objective on the stock in a report on Monday, December 3rd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $81.71.
Get Chart Industries alerts:Shares of GTLS stock opened at $82.45 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.53 and a current ratio of 2.13. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 85.89, a PEG ratio of 0.96 and a beta of 1.07. Chart Industries has a fifty-two week low of $47.13 and a fifty-two week high of $83.02.
Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings data on Thursday, February 14th. The industrial products company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. The company had revenue of $290.10 million for the quarter, compared to analyst estimates of $283.50 million. Chart Industries had a return on equity of 8.31% and a net margin of 5.69%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. Sell-side analysts expect that Chart Industries will post 2.04 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in shares of Chart Industries by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 351,182 shares of the industrial products company’s stock worth $22,837,000 after acquiring an additional 27,985 shares during the period. Neuburgh Advisers LLC raised its holdings in shares of Chart Industries by 10.9% during the 4th quarter. Neuburgh Advisers LLC now owns 6,596 shares of the industrial products company’s stock worth $429,000 after acquiring an additional 646 shares during the period. California State Teachers Retirement System raised its holdings in shares of Chart Industries by 2.0% during the 4th quarter. California State Teachers Retirement System now owns 48,226 shares of the industrial products company’s stock worth $3,136,000 after acquiring an additional 946 shares during the period. Stifel Financial Corp purchased a new position in shares of Chart Industries during the 4th quarter worth $10,391,000. Finally, Flinton Capital Management LLC raised its holdings in shares of Chart Industries by 10.9% during the 4th quarter. Flinton Capital Management LLC now owns 5,432 shares of the industrial products company’s stock worth $353,000 after acquiring an additional 532 shares during the period.
About Chart Industries
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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