Chart Industries, Inc. (NYSE:GTLS) Given Consensus Rating of “Reduce” by Analysts

Chart Industries, Inc. (NYSE:GTLS) has earned an average rating of “Reduce” from the thirteen ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and eleven have given a hold recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $201.80.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC grew its stake in shares of Chart Industries by 0.6% in the fourth quarter. HighTower Advisors LLC now owns 8,204 shares of the industrial products company’s stock worth $1,692,000 after acquiring an additional 50 shares during the last quarter. Stephens Inc. AR grew its position in Chart Industries by 3.8% during the 4th quarter. Stephens Inc. AR now owns 1,389 shares of the industrial products company’s stock valued at $286,000 after purchasing an additional 51 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its stake in Chart Industries by 3.8% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,518 shares of the industrial products company’s stock valued at $314,000 after purchasing an additional 56 shares in the last quarter. IFP Advisors Inc increased its stake in Chart Industries by 4.2% during the 3rd quarter. IFP Advisors Inc now owns 1,474 shares of the industrial products company’s stock valued at $302,000 after purchasing an additional 59 shares in the last quarter. Finally, Lifestyle Asset Management Inc. lifted its stake in shares of Chart Industries by 2.6% in the fourth quarter. Lifestyle Asset Management Inc. now owns 2,314 shares of the industrial products company’s stock worth $477,000 after buying an additional 59 shares in the last quarter.

Chart Industries Price Performance

GTLS opened at $208.97 on Thursday. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.15. The company has a market cap of $10.00 billion, a price-to-earnings ratio of -200.93, a price-to-earnings-growth ratio of 1.23 and a beta of 1.53. The stock has a fifty day simple moving average of $207.77 and a two-hundred day simple moving average of $207.30. Chart Industries has a 12-month low of $163.23 and a 12-month high of $209.18.

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.