Chart Industries, Inc. (NYSE:GTLS) Receives Average Rating of “Reduce” from Analysts

by · The Cerbat Gem

Shares of Chart Industries, Inc. (NYSE:GTLS – Get Free Report) have earned an average rating of “Reduce” from the twelve analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating and ten have issued a hold rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $210.00.

GTLS has been the subject of several research reports. Zacks Research lowered Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a report on Wednesday, June 24th. Finally, Wall Street Zen raised shares of Chart Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th.

Read Our Latest Analysis on Chart Industries

Chart Industries Price Performance

GTLS opened at $209.90 on Monday. The stock has a fifty day moving average price of $208.39 and a 200 day moving average price of $207.67. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.15. Chart Industries has a 1 year low of $163.23 and a 1 year high of $209.96. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of -201.82, a PEG ratio of 1.24 and a beta of 1.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GTLS. Millennium Management LLC lifted its stake in shares of Chart Industries by 94.9% in the 4th quarter. Millennium Management LLC now owns 1,586,588 shares of the industrial products company’s stock valued at $327,202,000 after purchasing an additional 772,723 shares during the last quarter. FIL Ltd increased its position in Chart Industries by 7.2% during the fourth quarter. FIL Ltd now owns 1,315,500 shares of the industrial products company’s stock worth $271,296,000 after buying an additional 88,000 shares during the last quarter. UBS Group AG increased its position in Chart Industries by 76.9% during the fourth quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock worth $243,550,000 after buying an additional 513,195 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Chart Industries by 62.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,155,240 shares of the industrial products company’s stock valued at $238,245,000 after buying an additional 442,650 shares in the last quarter. Finally, Norges Bank bought a new position in Chart Industries during the fourth quarter valued at about $237,827,000.

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.

Read More