Chart Industries, Inc. (GTLS) Reaches New 12-Month High at $41.87

Chart Industries, Inc. (NASDAQ:GTLS) hit a new 52-week high on Monday . The stock traded as high as $41.87 and last traded at $41.90, with a volume of 156,289 shares traded. The stock had previously closed at $40.56.

Several brokerages have weighed in on GTLS. Johnson Rice raised Chart Industries from a “hold” rating to a “buy” rating and increased their price target for the stock from $40.00 to $42.00 in a research report on Thursday, June 29th. BidaskClub raised shares of Chart Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Zacks Investment Research lowered shares of Chart Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Cowen and Company set a $38.00 target price on shares of Chart Industries and gave the stock a “hold” rating in a research note on Friday, August 4th. Finally, Northcoast Research raised shares of Chart Industries from a “neutral” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $42.86.

The firm’s 50-day moving average price is $36.84 and its 200 day moving average price is $35.27. The company has a market cap of $1.32 billion, a PE ratio of 113.22 and a beta of 1.28.

Chart Industries (NASDAQ:GTLS) last issued its earnings results on Thursday, July 27th. The industrial products company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Chart Industries had a net margin of 1.35% and a return on equity of 3.28%. The company had revenue of $238.21 million for the quarter, compared to analyst estimates of $225.76 million. During the same period in the prior year, the business posted $0.72 earnings per share. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that Chart Industries, Inc. will post $0.75 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new position in Chart Industries during the second quarter worth about $1,181,000. Piedmont Investment Advisors LLC acquired a new position in Chart Industries during the second quarter worth about $231,000. CS Mckee LP grew its position in Chart Industries by 2.0% during the second quarter. CS Mckee LP now owns 36,125 shares of the industrial products company’s stock worth $1,255,000 after buying an additional 700 shares during the period. The Manufacturers Life Insurance Company grew its position in Chart Industries by 0.9% during the second quarter. The Manufacturers Life Insurance Company now owns 23,756 shares of the industrial products company’s stock worth $824,000 after buying an additional 215 shares during the period. Finally, BlueCrest Capital Management Ltd grew its position in Chart Industries by 41.0% during the second quarter. BlueCrest Capital Management Ltd now owns 106,230 shares of the industrial products company’s stock worth $3,689,000 after buying an additional 30,894 shares during the period. Institutional investors own 85.87% 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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