Analysts Set Chart Industries, Inc. (NYSE:GTLS) Price Target at $201.80

Chart Industries, Inc. (NYSE:GTLS) has been assigned a consensus recommendation of “Reduce” from the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $201.80.

Several analysts have issued reports on GTLS shares. Zacks Research cut Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Wall Street Zen raised shares of Chart Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a report on Wednesday, June 24th.

Chart Industries Trading Up 0.0%

Shares of Chart Industries stock opened at $209.34 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21. The stock’s 50 day simple moving average is $207.83 and its 200-day simple moving average is $207.35. The stock has a market cap of $10.02 billion, a P/E ratio of -201.28, a P/E/G ratio of 1.23 and a beta of 1.53. Chart Industries has a 1-year low of $163.23 and a 1-year high of $209.37.

Institutional Trading of Chart Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC grew its position in Chart Industries by 94.9% in the fourth quarter. Millennium Management LLC now owns 1,586,588 shares of the industrial products company’s stock worth $327,202,000 after acquiring an additional 772,723 shares during the period. FIL Ltd lifted its stake in shares of Chart Industries by 7.2% in the 4th quarter. FIL Ltd now owns 1,315,500 shares of the industrial products company’s stock valued at $271,296,000 after purchasing an additional 88,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Chart Industries by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,216,271 shares of the industrial products company’s stock valued at $243,433,000 after purchasing an additional 8,697 shares during the last quarter. UBS Group AG grew its holdings in shares of Chart Industries by 76.9% during the 4th quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock worth $243,550,000 after purchasing an additional 513,195 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Chart Industries by 62.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,155,240 shares of the industrial products company’s stock worth $238,245,000 after purchasing an additional 442,650 shares during the last quarter.

About Chart Industries

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.