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. “
A number of other brokerages have also weighed in on GTLS. Raymond James upgraded shares of Chart Industries from a “market perform” rating to an “outperform” rating and set a $72.00 target price for the company in a research note on Tuesday. Credit Suisse Group began coverage on shares of Chart Industries in a research note on Tuesday. They set an “outperform” rating and a $83.00 target price for the company. BidaskClub lowered shares of Chart Industries from a “sell” rating to a “strong sell” rating in a research note on Monday. Morgan Stanley boosted their target price on shares of Chart Industries from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Finally, ValuEngine lowered shares of Chart Industries from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $85.43.
Chart Industries (NASDAQ:GTLS) last announced its earnings results on Thursday, July 18th. The industrial products company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. The business had revenue of $309.60 million during the quarter, compared to analyst estimates of $322.35 million. Chart Industries had a net margin of 7.34% and a return on equity of 8.67%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. On average, research analysts predict that Chart Industries will post 3.01 earnings per share for the current year.
In related news, Director Carey Chen acquired 3,403 shares of Chart Industries stock in a transaction dated Thursday, August 15th. The stock was purchased at an average cost of $59.73 per share, for a total transaction of $203,261.19. Following the purchase, the director now directly owns 5,500 shares of the company’s stock, valued at approximately $328,515. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.28% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of GTLS. Louisiana State Employees Retirement System increased its stake in Chart Industries by 1.1% in the 1st quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the industrial products company’s stock worth $1,068,000 after buying an additional 123 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Chart Industries by 1.3% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,844 shares of the industrial products company’s stock valued at $982,000 after purchasing an additional 144 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Chart Industries by 1.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,450 shares of the industrial products company’s stock valued at $727,000 after purchasing an additional 160 shares during the last quarter. HMS Capital Management LLC boosted its holdings in shares of Chart Industries by 3.5% during the 2nd quarter. HMS Capital Management LLC now owns 5,212 shares of the industrial products company’s stock valued at $401,000 after purchasing an additional 176 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Chart Industries by 2.0% during the 1st quarter. State of Alaska Department of Revenue now owns 10,648 shares of the industrial products company’s stock valued at $963,000 after purchasing an additional 210 shares during the last quarter.
About Chart Industries
Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.
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