Shares of Chart Industries Inc. (NASDAQ:GTLS) have been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the firm. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $31.44.

Several equities research analysts have weighed in on GTLS shares. Zacks Investment Research upgraded shares of Chart Industries from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Evercore ISI downgraded shares of Chart Industries from a “buy” rating to a “hold” rating and set a $29.00 target price for the company. in a research note on Thursday, August 4th. Finally, Gabelli started coverage on shares of Chart Industries in a research note on Tuesday. They issued a “buy” rating and a $51.00 target price for the company.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Arizona State Retirement System boosted its position in shares of Chart Industries by 1.9% in the second quarter. Arizona State Retirement System now owns 15,901 shares of the company’s stock valued at $384,000 after buying an additional 300 shares during the period. Profund Advisors LLC boosted its position in shares of Chart Industries by 4.9% in the second quarter. Profund Advisors LLC now owns 9,870 shares of the company’s stock valued at $238,000 after buying an additional 458 shares during the period. Nationwide Fund Advisors boosted its position in shares of Chart Industries by 1.2% in the second quarter. Nationwide Fund Advisors now owns 41,540 shares of the company’s stock valued at $1,002,000 after buying an additional 495 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Chart Industries by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,249 shares of the company’s stock valued at $103,000 after buying an additional 523 shares during the period. Finally, Comerica Bank boosted its position in shares of Chart Industries by 2.3% in the second quarter. Comerica Bank now owns 32,584 shares of the company’s stock valued at $943,000 after buying an additional 742 shares during the period. 88.30% of the stock is owned by hedge funds and other institutional investors.

Chart Industries (NASDAQ:GTLS) traded up 1.43% during midday trading on Wednesday, hitting $33.42. The stock had a trading volume of 64,849 shares. The firm has a 50-day moving average of $31.39 and a 200 day moving average of $26.99. Chart Industries has a 52-week low of $13.27 and a 52-week high of $34.06. The firm’s market capitalization is $1.02 billion.

Chart Industries (NASDAQ:GTLS) last announced its earnings results on Thursday, July 28th. The company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.60. The company earned $247.10 million during the quarter, compared to the consensus estimate of $222.95 million. Chart Industries had a negative net margin of 21.63% and a positive return on equity of 4.55%. Chart Industries’s revenue was down 8.6% compared to the same quarter last year. During the same period last year, the firm earned $0.60 earnings per share. On average, equities analysts forecast that Chart Industries will post $0.84 EPS for the current year.

Chart Industries Company Profile

Chart Industries, Inc (Chart) is a diversified manufacturer of engineered equipment for the industrial gas, energy, and biomedical industries. The Company’s equipment and engineered systems are used for low-temperature and cryogenic applications. It operates through three segments, including Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical.

5 Day Chart for NASDAQ:GTLS

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