Chart Industries (GTLS) Lowered to Hold at ValuEngine

ValuEngine downgraded shares of Chart Industries (NASDAQ:GTLS) from a buy rating to a hold rating in a research note published on Friday, ValuEngine reports.

GTLS has been the topic of several other research reports. BidaskClub cut Chart Industries from a strong-buy rating to a buy rating in a research report on Wednesday, April 10th. Zacks Investment Research upgraded Chart Industries from a hold rating to a buy rating and set a $98.00 target price on the stock in a research report on Wednesday, April 10th. Finally, Lake Street Capital boosted their target price on Chart Industries to $109.00 and gave the stock a buy rating in a research report on Friday, February 15th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $87.14.

GTLS opened at $76.95 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.11 and a debt-to-equity ratio of 0.36. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 33.60 and a beta of 1.13. Chart Industries has a 52 week low of $57.88 and a 52 week high of $95.66.

Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings data on Thursday, April 18th. The industrial products company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.03). The company had revenue of $289.30 million for the quarter, compared to analysts’ expectations of $290.33 million. Chart Industries had a net margin of 7.09% and a return on equity of 8.93%. The firm’s revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 earnings per share. On average, equities research analysts expect that Chart Industries will post 3.06 earnings per share for the current fiscal year.

In other Chart Industries news, CAO Michael Schmit sold 464 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $92.65, for a total transaction of $42,989.60. Following the transaction, the chief accounting officer now owns 1,125 shares in the company, valued at approximately $104,231.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.28% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Chart Industries by 1.8% during the 1st quarter. BlackRock Inc. now owns 4,536,537 shares of the industrial products company’s stock worth $410,647,000 after purchasing an additional 81,884 shares during the period. Millennium Management LLC grew its holdings in shares of Chart Industries by 580.4% in the 4th quarter. Millennium Management LLC now owns 941,326 shares of the industrial products company’s stock worth $61,214,000 after acquiring an additional 802,977 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Chart Industries by 1,114.0% in the 4th quarter. Fisher Asset Management LLC now owns 745,941 shares of the industrial products company’s stock worth $48,509,000 after acquiring an additional 684,498 shares during the period. Northern Trust Corp grew its holdings in shares of Chart Industries by 1.0% in the 1st quarter. Northern Trust Corp now owns 688,168 shares of the industrial products company’s stock worth $62,293,000 after acquiring an additional 6,547 shares during the period. Finally, OppenheimerFunds Inc. grew its holdings in shares of Chart Industries by 11.5% in the 1st quarter. OppenheimerFunds Inc. now owns 502,635 shares of the industrial products company’s stock worth $45,498,000 after acquiring an additional 51,918 shares during the period.

Chart Industries Company Profile

Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.

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