Chart Industries (NYSE:GTLS) Upgraded at Wall Street Zen

Chart Industries (NYSE:GTLS) was upgraded by analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued on Saturday.

Several other brokerages also recently commented on GTLS. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research note on Friday, March 27th. Zacks Research lowered shares of Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Eleven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $201.80.

Chart Industries Stock Performance

Shares of NYSE:GTLS opened at $207.75 on Friday. Chart Industries has a 1 year low of $140.50 and a 1 year high of $208.76. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of 799.09, a price-to-earnings-growth ratio of 1.23 and a beta of 1.53. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21. The company’s 50 day simple moving average is $207.57 and its 200 day simple moving average is $207.01.

Hedge Funds Weigh In On Chart Industries

A number of hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its holdings in Chart Industries by 95.9% in the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 71 shares during the period. Torren Management LLC acquired a new position in Chart Industries during the 4th quarter worth about $30,000. Los Angeles Capital Management LLC bought a new stake in shares of Chart Industries in the 4th quarter valued at about $40,000. MCF Advisors LLC acquired a new stake in shares of Chart Industries in the fourth quarter valued at about $41,000. Finally, Clearstead Advisors LLC increased its stake in shares of Chart Industries by 243.3% in the third quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock valued at $46,000 after buying an additional 163 shares during the period.

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.