BidaskClub Downgrades Chart Industries, Inc. (NASDAQ:GTLS) to Sell
BidaskClub cut shares of Chart Industries, Inc. (NASDAQ:GTLS) from a hold rating to a sell rating in a research report sent to investors on Thursday.
A number of other equities research analysts have also recently weighed in on GTLS. Zacks Investment Research raised Chart Industries from a hold rating to a buy rating and set a $40.00 price target on the stock in a report on Wednesday, April 26th. Johnson Rice raised Chart Industries from a hold rating to a buy rating and lifted their price target for the company from $40.00 to $42.00 in a report on Thursday, June 29th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Chart Industries presently has a consensus rating of Hold and a consensus price target of $39.14.
Chart Industries (NASDAQ:GTLS) traded down 2.88% during trading on Thursday, reaching $34.00. The company’s stock had a trading volume of 513,944 shares. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 89.71 and a beta of 1.28. Chart Industries has a 52 week low of $27.01 and a 52 week high of $40.87. The firm has a 50 day moving average of $34.84 and a 200 day moving average of $35.80.
Chart Industries (NASDAQ:GTLS) last released its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.21 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.21. The company had revenue of $238.21 million for the quarter, compared to analysts’ expectations of $225.76 million. Chart Industries had a return on equity of 3.28% and a net margin of 1.35%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 earnings per share. Analysts expect that Chart Industries will post $0.76 EPS for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its position in Chart Industries by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 3,390 shares of the industrial products company’s stock worth $118,000 after buying an additional 80 shares in the last quarter. SG Americas Securities LLC raised its position in Chart Industries by 29.1% in the first quarter. SG Americas Securities LLC now owns 4,665 shares of the industrial products company’s stock worth $163,000 after buying an additional 1,052 shares in the last quarter. Invictus RG bought a new position in Chart Industries during the first quarter worth approximately $180,000. Envestnet Asset Management Inc. raised its position in Chart Industries by 2.7% in the first quarter. Envestnet Asset Management Inc. now owns 6,282 shares of the industrial products company’s stock worth $219,000 after buying an additional 168 shares in the last quarter. Finally, Mason Street Advisors LLC raised its position in Chart Industries by 7.3% in the first quarter. Mason Street Advisors LLC now owns 7,176 shares of the industrial products company’s stock worth $251,000 after buying an additional 490 shares in the last quarter. Institutional investors and hedge funds own 85.84% of the company’s stock.
Chart Industries Company Profile
Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.
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