BidaskClub upgraded shares of Chart Industries, Inc. (NASDAQ:GTLS) from a sell rating to a hold rating in a research note published on Friday, August 4th.
GTLS has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Chart Industries from a hold rating to a buy rating and set a $40.00 target price on the stock in a research note on Wednesday, April 26th. Johnson Rice raised shares of Chart Industries from a hold rating to a buy rating and upped their price target for the stock from $40.00 to $42.00 in a research report on Thursday, June 29th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Chart Industries has an average rating of Hold and an average target price of $40.43.
Shares of Chart Industries (GTLS) traded down 0.64% on Friday, hitting $32.79. The stock had a trading volume of 165,734 shares. The stock has a market cap of $1.01 billion, a PE ratio of 86.52 and a beta of 1.28. Chart Industries has a 12 month low of $27.01 and a 12 month high of $40.87. The company has a 50 day moving average price of $34.66 and a 200-day moving average price of $35.37.
Chart Industries (NASDAQ:GTLS) last issued its earnings results on Thursday, July 27th. The industrial products company reported $0.21 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.21. The business had revenue of $238.21 million for the quarter, compared to the consensus estimate of $225.76 million. Chart Industries had a net margin of 1.35% and a return on equity of 3.28%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 EPS. On average, equities research analysts anticipate that Chart Industries will post $0.77 earnings per share for the current year.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its position in shares of Chart Industries by 71.0% in the fourth quarter. AQR Capital Management LLC now owns 12,469 shares of the industrial products company’s stock worth $449,000 after buying an additional 5,176 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Chart Industries by 3.6% in the fourth quarter. Teachers Advisors LLC now owns 50,953 shares of the industrial products company’s stock worth $1,835,000 after buying an additional 1,760 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Chart Industries during the first quarter worth about $273,000. Louisiana State Employees Retirement System raised its position in shares of Chart Industries by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 12,500 shares of the industrial products company’s stock worth $437,000 after buying an additional 200 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of Chart Industries by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 3,390 shares of the industrial products company’s stock worth $118,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 85.98% of the company’s stock.
Chart Industries Company Profile
Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.
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