Gabelli started coverage on shares of Chart Industries Inc. (NASDAQ:GTLS) in a research report report published on Tuesday morning. The firm issued a buy rating and a $51.00 price objective on the stock.
A number of other research firms have also recently weighed in on GTLS. Zacks Investment Research upgraded Chart Industries from a sell rating to a hold rating in a report on Friday, July 29th. Evercore ISI cut Chart Industries from a buy rating to a hold rating and set a $29.00 price target for the company. in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Chart Industries currently has a consensus rating of Hold and an average target price of $31.44.
Chart Industries (NASDAQ:GTLS) opened at 32.57 on Tuesday. The stock’s 50 day moving average is $31.49 and its 200-day moving average is $27.07. Chart Industries has a 12 month low of $13.27 and a 12 month high of $34.06. The stock’s market capitalization is $996.41 million.
Chart Industries (NASDAQ:GTLS) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.60. The firm earned $247.10 million during the quarter, compared to analysts’ expectations of $222.95 million. Chart Industries had a positive return on equity of 4.55% and a negative net margin of 21.63%. Chart Industries’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS. On average, equities research analysts expect that Chart Industries will post $0.84 earnings per share for the current year.
Large investors have recently bought and sold shares of the stock. BlackRock Institutional Trust Company N.A. increased its position in shares of Chart Industries by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 750,380 shares of the company’s stock worth $16,298,000 after buying an additional 11,228 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Chart Industries during the first quarter worth approximately $3,137,000. Bayesian Capital Management LP bought a new position in shares of Chart Industries during the first quarter worth approximately $226,000. Aperio Group LLC increased its position in shares of Chart Industries by 14.7% in the first quarter. Aperio Group LLC now owns 13,874 shares of the company’s stock worth $301,000 after buying an additional 1,781 shares during the last quarter. Finally, Kempen Capital Management N.V. increased its position in shares of Chart Industries by 39.5% in the first quarter. Kempen Capital Management N.V. now owns 17,067 shares of the company’s stock worth $371,000 after buying an additional 4,831 shares during the last quarter. 88.30% of the stock is currently owned by institutional investors and hedge funds.
Chart Industries Company Profile
Chart Industries, Inc (Chart) is a diversified manufacturer of engineered equipment for the industrial gas, energy, and biomedical industries. The Company’s equipment and engineered systems are used for low-temperature and cryogenic applications. It operates through three segments, including Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical.
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