Chart Industries (NASDAQ:GTLS) released its quarterly earnings data on Thursday. The industrial products company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.07, Morningstar.com reports. The business had revenue of $290.10 million during the quarter, compared to analyst estimates of $283.50 million. Chart Industries had a return on equity of 8.31% and a net margin of 5.69%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $0.46 EPS. Chart Industries updated its FY 2019 guidance to $2.50-2.85 EPS and its FY19 guidance to $2.50-2.80 EPS.

Shares of Chart Industries stock opened at $85.84 on Friday. The firm has a market capitalization of $2.57 billion, a PE ratio of 89.42, a price-to-earnings-growth ratio of 1.01 and a beta of 1.07. The company has a quick ratio of 1.53, a current ratio of 2.13 and a debt-to-equity ratio of 0.60. Chart Industries has a 12 month low of $48.52 and a 12 month high of $89.48.

GTLS has been the subject of several research reports. BidaskClub raised Chart Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Evercore ISI raised Chart Industries from an “in-line” rating to an “outperform” rating and set a $63.56 price objective for the company in a research note on Sunday, December 9th. Finally, Zacks Investment Research raised Chart Industries from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Wednesday, February 6th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $81.71.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Chart Industries by 1.7% in the fourth quarter. BlackRock Inc. now owns 4,454,653 shares of the industrial products company’s stock worth $289,686,000 after buying an additional 74,962 shares during the period. Vanguard Group Inc. boosted its position in shares of Chart Industries by 2.7% in the third quarter. Vanguard Group Inc. now owns 3,040,131 shares of the industrial products company’s stock worth $238,133,000 after buying an additional 80,703 shares during the period. Vanguard Group Inc boosted its position in shares of Chart Industries by 2.7% in the third quarter. Vanguard Group Inc now owns 3,040,131 shares of the industrial products company’s stock worth $238,133,000 after buying an additional 80,703 shares during the period. Fisher Asset Management LLC boosted its position in shares of Chart Industries by 1,114.0% in the fourth quarter. Fisher Asset Management LLC now owns 745,941 shares of the industrial products company’s stock worth $48,509,000 after buying an additional 684,498 shares during the period. Finally, Columbus Circle Investors boosted its position in shares of Chart Industries by 5.2% in the fourth quarter. Columbus Circle Investors now owns 461,300 shares of the industrial products company’s stock worth $29,998,000 after buying an additional 22,739 shares during the period.

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Chart Industries Company Profile

Chart Industries, Inc manufactures and sells engineered equipment, packaged solutions, and value-add services for the industrial gas, energy, and biomedical industries worldwide. It operates in three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. The E&C segment primarily provides brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, air cooled heat exchangers, cold boxes, and process systems, as well as axial cooling fans for power, heating, ventilation, air conditioning, and refining end user applications.

Read More: Cost of equity and a company’s balance sheet

Earnings History for Chart Industries (NASDAQ:GTLS)

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