Chart Industries, Inc. (NASDAQ:GTLS) announced its quarterly earnings results on Thursday. The industrial products company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02, Bloomberg Earnings reports. Chart Industries had a net margin of 3.45% and a return on equity of 5.56%. The firm had revenue of $238.21 million during the quarter, compared to the consensus estimate of $225.76 million. During the same quarter last year, the firm earned $0.72 EPS. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. Chart Industries updated its FY17 guidance to $0.65-0.80 EPS.

Chart Industries (NASDAQ GTLS) traded up 2.97% during mid-day trading on Thursday, reaching $35.37. 540,305 shares of the company were exchanged. The company has a 50 day moving average of $34.84 and a 200-day moving average of $35.81. Chart Industries has a 1-year low of $27.01 and a 1-year high of $40.87. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 36.54 and a beta of 1.28.

Several large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new stake in shares of Chart Industries during the fourth quarter worth approximately $1,167,000. State Street Corp increased its stake in shares of Chart Industries by 9.4% in the fourth quarter. State Street Corp now owns 722,191 shares of the industrial products company’s stock worth $26,014,000 after buying an additional 62,071 shares in the last quarter. AQR Capital Management LLC increased its stake 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 in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Chart Industries by 5.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,470 shares of the industrial products company’s stock worth $593,000 after buying an additional 830 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Chart Industries during the fourth quarter worth approximately $26,309,000. 86.77% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on GTLS. BidaskClub lowered shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Finally, Johnson Rice raised shares of Chart Industries from a “hold” rating to a “buy” rating and increased their price objective for the stock from $40.00 to $42.00 in a research report on Thursday, June 29th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Chart Industries currently has an average rating of “Hold” and a consensus target price of $39.14.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/27/chart-industries-inc-nasdaqgtls-posts-earnings-results-beats-estimates-by-0-02-eps.html.

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.

Earnings History for Chart Industries (NASDAQ:GTLS)

Receive News & Ratings for Chart Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chart Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.