Several other brokerages have also recently issued reports on GTLS. Morgan Stanley raised their price objective on General Mills from $49.00 to $52.00 and gave the stock an equal weight rating in a research note on Thursday, June 27th. ValuEngine upgraded XOMA from a sell rating to a hold rating in a research note on Friday, May 24th. Finally, Zacks Investment Research cut Hammerson from a hold rating to a sell rating in a research note on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $87.71.
Shares of GTLS opened at $73.14 on Friday. The stock’s fifty day moving average price is $75.22. Chart Industries has a 12-month low of $57.88 and a 12-month high of $95.66. The company has a market capitalization of $2.65 billion, a PE ratio of 36.21 and a beta of 1.10. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.11 and a quick ratio of 0.71.
Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings data on Thursday, April 18th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.03). Chart Industries had a return on equity of 8.93% and a net margin of 7.09%. The firm had revenue of $289.30 million for the quarter, compared to the consensus estimate of $290.33 million. During the same quarter last year, the business earned $0.23 earnings per share. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. Sell-side analysts predict that Chart Industries will post 2.98 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of GTLS. Louisiana State Employees Retirement System boosted its position in shares of Chart Industries by 13.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the industrial products company’s stock valued at $992,000 after purchasing an additional 1,600 shares during the period. HMS Capital Management LLC boosted its position in shares of Chart Industries by 3.5% in the 2nd quarter. HMS Capital Management LLC now owns 5,212 shares of the industrial products company’s stock valued at $401,000 after purchasing an additional 176 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of Chart Industries in the 2nd quarter valued at $692,000. Scout Investments Inc. boosted its position in shares of Chart Industries by 115.9% in the 2nd quarter. Scout Investments Inc. now owns 112,119 shares of the industrial products company’s stock valued at $8,620,000 after purchasing an additional 60,182 shares during the period. Finally, Cortina Asset Management LLC boosted its position in shares of Chart Industries by 5.1% in the 2nd quarter. Cortina Asset Management LLC now owns 384,897 shares of the industrial products company’s stock valued at $29,591,000 after purchasing an additional 18,641 shares during the period. 98.07% of the stock is currently owned by hedge funds and other institutional investors.
Chart Industries Company Profile
Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.
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