Chart Industries (NYSE:GTLS) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Chart Industries (NYSE:GTLS) to a hold rating in a report published on Saturday.

A number of other research analysts also recently commented on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Zacks Research cut Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Two analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $203.67.

Chart Industries Price Performance

GTLS opened at $207.02 on Friday. The company has a market capitalization of $9.91 billion, a P/E ratio of 796.26, a PEG ratio of 0.81 and a beta of 1.70. The company has a 50-day moving average of $207.12 and a 200-day moving average of $204.56. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.09 and a current ratio of 1.36. Chart Industries has a 1-year low of $104.60 and a 1-year high of $208.24.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.97). The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.23 billion. Chart Industries had a return on equity of 13.55% and a net margin of 0.95%.The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.66 EPS. Equities analysts expect that Chart Industries will post 9.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Chart Industries

Several institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC lifted its holdings in shares of Chart Industries by 0.6% in the 4th quarter. HighTower Advisors LLC now owns 8,204 shares of the industrial products company’s stock worth $1,692,000 after purchasing an additional 50 shares during the last quarter. Stephens Inc. AR grew its stake in Chart Industries by 3.8% during the 4th quarter. Stephens Inc. AR now owns 1,389 shares of the industrial products company’s stock worth $286,000 after buying an additional 51 shares during the last quarter. IFP Advisors Inc increased its position in Chart Industries by 4.2% in the third quarter. IFP Advisors Inc now owns 1,474 shares of the industrial products company’s stock worth $302,000 after buying an additional 59 shares during the period. Lifestyle Asset Management Inc. lifted its stake in Chart Industries by 2.6% in the fourth quarter. Lifestyle Asset Management Inc. now owns 2,314 shares of the industrial products company’s stock valued at $477,000 after buying an additional 59 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in shares of Chart Industries by 3.8% during the fourth quarter. Inspire Investing LLC now owns 1,598 shares of the industrial products company’s stock valued at $330,000 after acquiring an additional 59 shares during the period.

Chart Industries Company Profile

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.