BidaskClub Upgrades Chart Industries (NASDAQ:GTLS) to “Hold”
Other equities analysts have also issued research reports about the company. Raymond James raised Chart Industries from a market perform rating to an outperform rating and set a $72.00 price target on the stock in a research note on Tuesday, August 13th. ValuEngine raised Chart Industries from a sell rating to a hold rating in a research note on Wednesday, September 11th. Morgan Stanley upped their price target on Chart Industries from $90.00 to $100.00 and gave the company an overweight rating in a research note on Tuesday, July 23rd. Zacks Investment Research raised Chart Industries from a hold rating to a buy rating and set a $68.00 price target on the stock in a research note on Thursday, September 5th. Finally, Credit Suisse Group started coverage on Chart Industries in a research note on Tuesday, August 13th. They set an outperform rating and a $83.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Chart Industries presently has an average rating of Buy and a consensus target price of $82.59.
Shares of GTLS opened at $65.76 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 2.00 and a debt-to-equity ratio of 0.25. Chart Industries has a 12-month low of $57.88 and a 12-month high of $95.66. The firm has a market capitalization of $2.35 billion, a PE ratio of 32.55 and a beta of 1.20. The stock’s fifty day simple moving average is $64.36 and its 200-day simple moving average is $77.55.
In related news, Director Carey Chen bought 3,403 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of $59.73 per share, with a total value of $203,261.19. Following the completion of the purchase, the director now owns 5,500 shares of the company’s stock, valued at approximately $328,515. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.28% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in GTLS. Invesco Ltd. lifted its stake in Chart Industries by 791.7% in the second quarter. Invesco Ltd. now owns 698,418 shares of the industrial products company’s stock valued at $53,694,000 after buying an additional 620,090 shares during the period. BlackRock Inc. lifted its stake in Chart Industries by 12.6% in the second quarter. BlackRock Inc. now owns 5,106,373 shares of the industrial products company’s stock valued at $392,575,000 after buying an additional 569,836 shares during the period. JPMorgan Chase & Co. lifted its stake in Chart Industries by 5,240.9% in the second quarter. JPMorgan Chase & Co. now owns 563,995 shares of the industrial products company’s stock valued at $42,164,000 after buying an additional 553,435 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in Chart Industries in the second quarter valued at about $23,800,000. Finally, Vanguard Group Inc. lifted its stake in Chart Industries by 7.7% in the second quarter. Vanguard Group Inc. now owns 3,577,954 shares of the industrial products company’s stock valued at $275,072,000 after buying an additional 256,912 shares during the period.
About Chart Industries
Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.
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