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

Chart Industries, Inc. (NYSE:GTLS) has been assigned a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $204.10.

GTLS has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research report on Monday, December 29th. Zacks Research raised shares of Chart Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th.

Institutional Investors Weigh In On Chart Industries

A number of institutional investors have recently bought and sold shares of the business. United Community Bank grew its stake in Chart Industries by 364.5% during the 3rd quarter. United Community Bank now owns 144 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 113 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Chart Industries by 95.9% during the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 71 shares during the period. Torren Management LLC purchased a new position in Chart Industries during the fourth quarter valued at approximately $30,000. Allworth Financial LP increased its stake in Chart Industries by 74.5% in the 2nd quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock valued at $27,000 after buying an additional 70 shares during the period. Finally, Bessemer Group Inc. lifted its position in Chart Industries by 93.0% in the 2nd quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after buying an additional 93 shares in the last quarter.

Chart Industries Price Performance

GTLS stock opened at $207.46 on Friday. Chart Industries has a one year low of $104.60 and a one year high of $208.24. The firm has a 50-day moving average of $206.91 and a two-hundred day moving average of $203.03. The firm has a market capitalization of $9.33 billion, a PE ratio of 253.00, a P/E/G ratio of 0.79 and a beta of 1.75. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 1.08.

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.