Chart Industries (NASDAQ:GTLS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

According to Zacks, “Chart Industries, Inc. is a leading independent global manufacturer of highly engineered equipment servicing end market applications in Energy, Industry, Life Sciences and Respiratory Healthcare with a unique business portfolio. Their equipment is used in the production, storage, distribution and end-use of atmospheric, hydrocarbon, and industrial gases. Chart Industries are organized in three operating segments: Energy & Chemicals, Distribution and Storage, and BioMedical serving customers from a global manufacturing platform in North America, Europe and Asia. Chart Industries fully appreciate how important a good understanding of their business and their markets is when evaluating investment decisions. “

GTLS has been the topic of a number of other reports. Cowen restated a “hold” rating and issued a $40.00 price objective on shares of Chart Industries in a research note on Sunday, October 22nd. BidaskClub upgraded Chart Industries from a “hold” rating to a “buy” rating in a research note on Friday, January 5th. Lake Street Capital boosted their price objective on Chart Industries from $48.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Seaport Global Securities upgraded Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $53.00.

Shares of Chart Industries (NASDAQ:GTLS) traded up $0.42 during trading on Friday, reaching $45.06. The company had a trading volume of 261,079 shares, compared to its average volume of 227,854. Chart Industries has a fifty-two week low of $32.04 and a fifty-two week high of $55.42. The company has a market cap of $1,390.00, a PE ratio of -643.71, a P/E/G ratio of 1.32 and a beta of 1.38. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 0.42.

Several institutional investors and hedge funds have recently made changes to their positions in GTLS. Teachers Advisors LLC increased its position in shares of Chart Industries by 6.8% during the second quarter. Teachers Advisors LLC now owns 55,805 shares of the industrial products company’s stock valued at $1,938,000 after buying an additional 3,552 shares during the period. TIAA CREF Investment Management LLC increased its position in shares of Chart Industries by 0.3% during the second quarter. TIAA CREF Investment Management LLC now owns 99,977 shares of the industrial products company’s stock valued at $3,472,000 after buying an additional 292 shares during the period. Thrivent Financial For Lutherans increased its position in shares of Chart Industries by 5.5% during the second quarter. Thrivent Financial For Lutherans now owns 18,460 shares of the industrial products company’s stock valued at $641,000 after buying an additional 970 shares during the period. New York State Common Retirement Fund increased its position in shares of Chart Industries by 3.1% during the second quarter. New York State Common Retirement Fund now owns 56,777 shares of the industrial products company’s stock valued at $1,972,000 after buying an additional 1,699 shares during the period. Finally, Northern Trust Corp increased its position in shares of Chart Industries by 7.7% during the second quarter. Northern Trust Corp now owns 667,334 shares of the industrial products company’s stock valued at $23,178,000 after buying an additional 47,728 shares during the period. Hedge funds and other institutional investors own 84.82% of the company’s stock.

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About Chart Industries

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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