Chart Industries Inc. (GTLS) Trading 4.8% Higher
Chart Industries Inc. (NASDAQ:GTLS) shot up 4.8% on Friday . The stock traded as high as $24.88 and last traded at $24.75, with a volume of 299,799 shares trading hands. The stock had previously closed at $23.61.
GTLS has been the topic of a number of research analyst reports. Lake Street Capital upgraded shares of Chart Industries from a “hold” rating to a “buy” rating and increased their target price for the stock from $19.00 to $34.00 in a report on Friday, April 29th. Morgan Stanley increased their target price 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Chart Industries currently has a consensus rating of “Hold” and a consensus price target of $28.14.
The stock has a 50-day moving average price of $25.39 and a 200-day moving average price of $21.30. The firm’s market capitalization is $757.15 million.
Chart Industries (NASDAQ:GTLS) last released its quarterly earnings data on Thursday, April 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.10. The company earned $193.80 million during the quarter, compared to analyst estimates of $215.67 million. During the same period in the prior year, the company earned $0.19 EPS. Chart Industries’s revenue for the quarter was down 20.9% on a year-over-year basis. On average, equities research analysts predict that Chart Industries Inc. will post $0.56 earnings per share for the current fiscal year.
A number of hedge funds have made changes to their positions in GTLS. CNA Financial Corp increased its stake in Chart Industries by 173.1% in the fourth quarter. CNA Financial Corp now owns 62,475 shares of the company’s stock worth $1,122,000 after buying an additional 39,600 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Chart Industries by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,169,721 shares of the company’s stock worth $21,008,000 after buying an additional 42,756 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in Chart Industries by 421.9% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 83,500 shares of the company’s stock worth $1,500,000 after buying an additional 67,500 shares in the last quarter. Bank of Montreal Can increased its stake in Chart Industries by 49.7% in the fourth quarter. Bank of Montreal Can now owns 243,397 shares of the company’s stock worth $4,371,000 after buying an additional 80,766 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in Chart Industries during the fourth quarter worth approximately $2,345,000.
Chart Industries, Inc (Chart) is a diversified manufacturer of engineered equipment 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: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.
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