Chart Industries Inc. (GTLS) Now Covered by Analysts at Gabelli
A number of other equities research analysts have also recently issued reports on the stock. Evercore ISI cut shares of Chart Industries from a buy rating to a hold rating and set a $29.00 price target on the stock. in a research note on Thursday, August 4th. Zacks Investment Research raised shares of Chart Industries from a sell rating to a hold rating in a research note on Friday, July 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $31.44.
Shares of Chart Industries (NASDAQ:GTLS) traded up 0.85% on Tuesday, reaching $33.23. 39,933 shares of the company were exchanged. The company’s market capitalization is $1.02 billion. The company’s 50-day moving average is $31.39 and its 200-day moving average is $26.99. Chart Industries has a 52 week low of $13.27 and a 52 week high of $34.06.
Chart Industries (NASDAQ:GTLS) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.60. Chart Industries had a negative net margin of 21.63% and a positive return on equity of 4.55%. The firm had revenue of $247.10 million for the quarter, compared to analysts’ expectations of $222.95 million. During the same quarter last year, the company earned $0.60 EPS. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. On average, equities analysts expect that Chart Industries will post $0.84 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its position in Chart Industries by 267.4% in the first quarter. Barclays PLC now owns 29,476 shares of the company’s stock valued at $619,000 after buying an additional 21,454 shares in the last quarter. A.R.T. Advisors LLC increased its position in Chart Industries by 669.3% in the first quarter. A.R.T. Advisors LLC now owns 99,654 shares of the company’s stock valued at $2,164,000 after buying an additional 86,700 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Chart Industries during the first quarter valued at $3,137,000. Bayesian Capital Management LP purchased a new position in Chart Industries during the first quarter valued at $226,000. Finally, HBK Investments L P purchased a new position in Chart Industries during the first quarter valued at $426,000. 88.30% of the stock is owned by institutional investors.
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.
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