Chart Industries, Inc. (NYSE:GTLS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Chart Industries, Inc. (NYSE:GTLS) have been assigned a consensus recommendation of “Hold” from the seventeen research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $204.10.

A number of brokerages recently weighed in on GTLS. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. Zacks Research cut shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GTLS. AQR Capital Management LLC lifted its position in Chart Industries by 39.0% in the first quarter. AQR Capital Management LLC now owns 26,089 shares of the industrial products company’s stock worth $3,694,000 after purchasing an additional 7,314 shares during the period. Allworth Financial LP increased its position in shares of Chart Industries by 74.5% during the 2nd quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Chart Industries by 18.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,684 shares of the industrial products company’s stock worth $442,000 after buying an additional 419 shares in the last quarter. Swiss National Bank raised its stake in shares of Chart Industries by 3.4% in the 2nd quarter. Swiss National Bank now owns 85,800 shares of the industrial products company’s stock worth $14,127,000 after buying an additional 2,800 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Chart Industries by 9.1% in the second quarter. Legal & General Group Plc now owns 74,509 shares of the industrial products company’s stock valued at $12,268,000 after buying an additional 6,195 shares during the period.

Chart Industries Stock Performance

Shares of GTLS stock opened at $207.08 on Tuesday. Chart Industries has a 12-month low of $104.60 and a 12-month high of $208.24. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.36 and a quick ratio of 1.09. The firm has a market capitalization of $9.91 billion, a price-to-earnings ratio of 796.50, a price-to-earnings-growth ratio of 0.79 and a beta of 1.73. The business has a 50 day simple moving average of $207.18 and a 200 day simple moving average of $204.12.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.97). Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the firm earned $2.66 EPS. The firm’s revenue was down 2.5% on a year-over-year basis. On average, equities research analysts anticipate that Chart Industries will post 9.02 EPS for the current year.

About Chart Industries

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.