Chart Industries (NYSE:GTLS) Announces Earnings Results

Chart Industries (NYSE:GTLS) announced its earnings results on Monday. The industrial products company reported ($0.36) EPS for the quarter, missing the consensus estimate of $1.89 by ($2.25), FiscalAI reports. Chart Industries had a return on equity of 13.55% and a net margin of 0.95%.The business had revenue of $884.80 million for the quarter, compared to the consensus estimate of $1.03 billion.

Chart Industries Trading Up 0.2%

Shares of GTLS traded up $0.34 during trading hours on Monday, hitting $207.77. 1,245,142 shares of the stock traded hands, compared to its average volume of 1,372,323. The company has a current ratio of 1.36, a quick ratio of 1.09 and a debt-to-equity ratio of 1.06. Chart Industries has a 1-year low of $140.50 and a 1-year high of $208.51. The firm has a market capitalization of $9.95 billion, a PE ratio of 799.14, a price-to-earnings-growth ratio of 0.96 and a beta of 1.56. The business has a fifty day moving average of $207.37 and a 200-day moving average of $205.79.

Institutional Trading of Chart Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in GTLS. Los Angeles Capital Management LLC bought a new position in shares of Chart Industries in the 4th quarter valued at about $40,000. Smartleaf Asset Management LLC raised its stake in shares of Chart Industries by 44.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 223 shares of the industrial products company’s stock worth $46,000 after buying an additional 69 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Chart Industries by 44.8% in the second quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock valued at $53,000 after buying an additional 100 shares during the period. Danske Bank A S acquired a new position in Chart Industries in the third quarter valued at approximately $80,000. Finally, Equitable Holdings Inc. bought a new position in Chart Industries in the third quarter valued at approximately $210,000.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GTLS shares. Zacks Research downgraded shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research note on Friday, March 27th. Finally, Wall Street Zen upgraded shares of Chart Industries to a “hold” rating in a research report on Saturday, April 4th. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $202.00.

Chart Industries Company Profile

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.