Chart Industries (GTLS) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Chart Industries (NASDAQ:GTLS) from a buy rating to a hold rating in a report released 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. “

A number of other research firms have also weighed in on GTLS. BidaskClub raised shares of Chart Industries from a hold rating to a buy rating in a research note on Friday, January 5th. Cowen set a $50.00 price objective on shares of Chart Industries and gave the stock a hold rating in a research note on Thursday, January 4th. Lake Street Capital set a $59.00 price target on shares of Chart Industries and gave the company a buy rating in a research report on Wednesday, January 3rd. Finally, Seaport Global Securities raised shares of Chart Industries from a neutral rating to a buy rating and set a $58.00 price target for the company in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $53.00.

Shares of Chart Industries (NASDAQ GTLS) opened at $46.99 on Friday. Chart Industries has a one year low of $32.04 and a one year high of $55.42. The firm has a market cap of $1,450.00, a PE ratio of -671.29, a P/E/G ratio of 1.29 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 hedge funds have recently added to or reduced their stakes in GTLS. Teachers Advisors LLC lifted 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 last quarter. TIAA CREF Investment Management LLC lifted 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 last quarter. Thrivent Financial For Lutherans lifted 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 last quarter. New York State Common Retirement Fund raised its position in shares of Chart Industries by 3.1% in the 2nd 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 purchasing an additional 1,699 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Chart Industries by 7.7% in the 2nd quarter. Northern Trust Corp now owns 667,334 shares of the industrial products company’s stock valued at $23,178,000 after purchasing an additional 47,728 shares during the last quarter. 85.26% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Chart Industries (GTLS) Downgraded to Hold at Zacks Investment Research” was first published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this article on another site, it was illegally stolen and reposted in violation of US & international copyright laws. The legal version of this article can be viewed at https://sportsperspectives.com/2018/02/13/chart-industries-gtls-downgraded-to-hold-at-zacks-investment-research.html.

Chart Industries Company Profile

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.

Get a free copy of the Zacks research report on Chart Industries (GTLS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

Receive News & Ratings for Chart Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chart Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply