Chart Industries (NASDAQ:GTLS) Shares Gap Up to $133.91

Chart Industries, Inc. (NASDAQ:GTLS) shares gapped up before the market opened on Thursday . The stock had previously closed at $133.91, but opened at $138.05. Chart Industries shares last traded at $136.90, with a volume of 1,937 shares trading hands.

GTLS has been the topic of a number of research analyst reports. Zacks Investment Research lowered Chart Industries from a “hold” rating to a “sell” rating in a report on Wednesday, January 5th. Raymond James lowered Chart Industries from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 5th. Benchmark initiated coverage on Chart Industries in a report on Tuesday, December 7th. They set a “buy” rating and a $206.00 price target on the stock. Credit Suisse Group lowered their price target on Chart Industries from $213.00 to $194.00 and set an “outperform” rating on the stock in a report on Friday, October 22nd. Finally, Morgan Stanley raised their price target on Chart Industries from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, October 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $201.44.

The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 16.38 and a beta of 1.56. The stock has a 50-day moving average of $165.59 and a two-hundred day moving average of $171.64.

Chart Industries (NASDAQ:GTLS) last released its quarterly earnings results on Wednesday, October 20th. The industrial products company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.29). Chart Industries had a net margin of 25.32% and a return on equity of 6.25%. The company had revenue of $328.30 million during the quarter, compared to analyst estimates of $346.10 million. During the same quarter last year, the business earned $0.63 EPS. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. Sell-side analysts expect that Chart Industries, Inc. will post 2.73 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC boosted its position in shares of Chart Industries by 7.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 204,554 shares of the industrial products company’s stock valued at $39,104,000 after purchasing an additional 14,594 shares during the period. Braun Stacey Associates Inc. lifted its stake in Chart Industries by 21.5% in the 3rd quarter. Braun Stacey Associates Inc. now owns 91,556 shares of the industrial products company’s stock worth $17,498,000 after acquiring an additional 16,221 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in Chart Industries in the 3rd quarter worth about $134,000. Bank of New York Mellon Corp lifted its stake in Chart Industries by 0.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 376,059 shares of the industrial products company’s stock worth $71,868,000 after acquiring an additional 1,124 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in Chart Industries by 3.0% in the 3rd quarter. Captrust Financial Advisors now owns 1,972 shares of the industrial products company’s stock worth $377,000 after acquiring an additional 58 shares in the last quarter.

Chart Industries Company Profile (NASDAQ:GTLS)

Chart Industries, Inc engages in the manufacturing of engineered equipment for the industrial gas, energy, and biomedical industries. It operates through the following business segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing, and Corporate. The Cryo Tank Solutions segment supplies bulk, microbulk, and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases.

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