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.
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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