Chart Industries, Inc. (NYSE:GTLS) Receives Average Recommendation of “Hold” from Brokerages

Chart Industries, Inc. (NYSE:GTLS) has earned an average rating of “Hold” from the eighteen brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $206.00.

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research report on Monday, December 29th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. increased its position in shares of Chart Industries by 2,251.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,018,831 shares of the industrial products company’s stock valued at $203,919,000 after purchasing an additional 975,501 shares during the last quarter. Perpetual Ltd purchased a new stake in shares of Chart Industries in the 2nd quarter valued at $107,498,000. Norges Bank bought a new position in shares of Chart Industries during the 2nd quarter valued at $92,901,000. Millennium Management LLC raised its position in Chart Industries by 222.7% in the 3rd quarter. Millennium Management LLC now owns 813,865 shares of the industrial products company’s stock worth $162,895,000 after purchasing an additional 561,622 shares during the period. Finally, Qube Research & Technologies Ltd bought a new stake in Chart Industries in the third quarter worth $92,938,000.

Chart Industries Stock Performance

Shares of GTLS stock opened at $206.60 on Thursday. Chart Industries has a 52 week low of $104.60 and a 52 week high of $220.03. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.15 and a current ratio of 1.40. The firm’s 50-day simple moving average is $204.24 and its two-hundred day simple moving average is $194.96. The firm has a market cap of $9.29 billion, a price-to-earnings ratio of 251.95, a P/E/G ratio of 1.08 and a beta of 1.74.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $2.78 earnings per share for the quarter, missing the consensus estimate of $3.02 by ($0.24). The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.19 billion. Chart Industries had a net margin of 1.55% and a return on equity of 14.17%. Chart Industries’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the company posted $2.18 earnings per share. As a group, equities analysts forecast that Chart Industries will post 9.02 earnings per share 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.