Chart Industries, Inc. (GTLS) Upgraded by Johnson Rice to Buy
Chart Industries, Inc. (NASDAQ:GTLS) was upgraded by analysts at Johnson Rice from a “hold” rating to a “buy” rating in a research report issued on Thursday.
Separately, Zacks Investment Research lowered Chart Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $38.67.
Chart Industries (NASDAQ GTLS) traded up 1.24% during mid-day trading on Thursday, hitting $33.56. The stock had a trading volume of 29,251 shares. The company has a 50-day moving average of $35.26 and a 200-day moving average of $36.38. Chart Industries has a 12-month low of $21.80 and a 12-month high of $40.87. The firm has a market cap of $1.03 billion, a PE ratio of 34.67 and a beta of 1.33.
Chart Industries (NASDAQ:GTLS) last released its earnings results on Thursday, April 27th. The industrial products company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. Chart Industries had a return on equity of 5.56% and a net margin of 3.45%. The firm had revenue of $204.10 million for the quarter, compared to the consensus estimate of $198.57 million. During the same period in the prior year, the business earned ($0.08) EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Analysts expect that Chart Industries will post $0.74 earnings per share for the current year.
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A number of institutional investors have recently modified their holdings of GTLS. Caxton Associates LP bought a new position in shares of Chart Industries during the first quarter worth approximately $332,000. Tudor Investment Corp ET AL raised its position in Chart Industries by 58.4% in the first quarter. Tudor Investment Corp ET AL now owns 14,402 shares of the industrial products company’s stock valued at $503,000 after buying an additional 5,311 shares during the period. Paloma Partners Management Co bought a new position in Chart Industries during the first quarter valued at approximately $512,000. Sensato Investors LLC bought a new position in Chart Industries during the first quarter valued at approximately $936,000. Finally, Schwab Charles Investment Management Inc. raised its position in Chart Industries by 8.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 216,287 shares of the industrial products company’s stock valued at $7,558,000 after buying an additional 17,044 shares during the period. 87.57% of the stock is currently owned by hedge funds and other institutional investors.
About Chart Industries
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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