Chart Industries Inc. (GTLS) Trading 3.6% Higher
Shares of Chart Industries Inc. (NASDAQ:GTLS) traded up 3.6% during mid-day trading on Tuesday . The company traded as high as $26.17 and last traded at $26.14, with a volume of 97,549 shares. The stock had previously closed at $25.22.
A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Chart Industries from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Lake Street Capital upgraded shares of Chart Industries from a “hold” rating to a “buy” rating and raised their price target for the stock from $19.00 to $34.00 in a report on Friday, April 29th. Finally, Morgan Stanley raised their price target on shares of Chart Industries from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $28.14.
The company’s market capitalization is $796.31 million. The firm has a 50-day moving average price of $25.33 and a 200-day moving average price of $21.92.
Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings data on Thursday, April 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.10. During the same quarter in the prior year, the company earned $0.19 earnings per share. The firm had revenue of $193.80 million for the quarter, compared to the consensus estimate of $215.67 million. Chart Industries’s revenue was down 20.9% on a year-over-year basis. Equities analysts expect that Chart Industries Inc. will post $0.56 earnings per share for the current fiscal year.
Several institutional investors have made changes to their positions in GTLS. CNA Financial Corp boosted its position in shares of Chart Industries by 173.1% in the fourth quarter. CNA Financial Corp now owns 62,475 shares of the company’s stock valued at $1,122,000 after buying an additional 39,600 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Chart Industries by 421.9% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 83,500 shares of the company’s stock valued at $1,500,000 after buying an additional 67,500 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Chart Industries by 49.7% in the fourth quarter. Bank of Montreal Can now owns 243,397 shares of the company’s stock valued at $4,371,000 after buying an additional 80,766 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in shares of Chart Industries during the fourth quarter valued at approximately $2,345,000.
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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