Chart Industries (NYSE:GTLS) Posts Earnings Results, Misses Estimates By $2.25 EPS

Chart Industries (NYSE:GTLS) issued its earnings results on Monday. The industrial products company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($2.25), FiscalAI reports. The business had revenue of $884.80 million for the quarter, compared to the consensus estimate of $1.03 billion. Chart Industries had a return on equity of 13.55% and a net margin of 0.95%.

Chart Industries Price Performance

NYSE:GTLS opened at $207.80 on Tuesday. The stock has a 50 day moving average of $207.37 and a two-hundred day moving average of $205.90. Chart Industries has a 12 month low of $140.50 and a 12 month high of $208.51. The company has a current ratio of 1.36, a quick ratio of 1.09 and a debt-to-equity ratio of 1.06. The firm has a market cap of $9.95 billion, a P/E ratio of 799.24, a price-to-earnings-growth ratio of 0.96 and a beta of 1.56.

Institutional Investors Weigh In On Chart Industries

A number of institutional investors and hedge funds have recently made changes to their positions in GTLS. Compound Planning Inc. acquired a new position in shares of Chart Industries in the fourth quarter valued at approximately $240,000. Mercer Global Advisors Inc. ADV grew its holdings in shares of Chart Industries by 6.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,568 shares of the industrial products company’s stock worth $942,000 after acquiring an additional 281 shares during the period. EP Wealth Advisors LLC acquired a new stake in Chart Industries in the fourth quarter valued at $363,000. XTX Topco Ltd increased its holdings in Chart Industries by 4.7% during the 4th quarter. XTX Topco Ltd now owns 6,419 shares of the industrial products company’s stock valued at $1,324,000 after acquiring an additional 287 shares in the last quarter. Finally, Varenne Capital Partners purchased a new stake in Chart Industries in the 4th quarter valued at approximately $2,476,000.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Chart Industries to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Finally, Zacks Research cut shares of Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $202.00.

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.