BidaskClub lowered shares of Chart Industries (NASDAQ:GTLS) from a buy rating to a hold rating in a research note issued to investors on Wednesday.
Several other equities research analysts also recently commented on GTLS. Johnson Rice restated a buy rating and issued a $48.00 target price (up previously from $42.00) on shares of Chart Industries in a research note on Monday, October 2nd. Northcoast Research upgraded shares of Chart Industries from a neutral rating to a buy rating and set a $51.00 target price on the stock in a research note on Monday, October 9th. Cowen restated a hold rating and issued a $40.00 target price on shares of Chart Industries in a research note on Sunday, October 22nd. Seaport Global Securities upgraded shares of Chart Industries from a neutral rating to a buy rating and set a $58.00 target price on the stock in a research note on Friday, October 27th. Finally, Lake Street Capital boosted their target price on shares of Chart Industries from $48.00 to $55.00 and gave the company a buy rating in a research note on Friday, October 27th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $50.33.
Shares of Chart Industries (GTLS) traded up $0.07 during trading hours on Wednesday, hitting $46.09. 129,802 shares of the stock traded hands, compared to its average volume of 272,714. Chart Industries has a 52 week low of $32.04 and a 52 week high of $48.78. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.13 and a quick ratio of 0.74. The firm has a market cap of $1,416.08, a P/E ratio of -768.04, a PEG ratio of 2.74 and a beta of 1.32.
Several institutional investors have recently added to or reduced their stakes in GTLS. Eagle Asset Management Inc. raised its holdings in shares of Chart Industries by 176.4% in the third quarter. Eagle Asset Management Inc. now owns 1,448,392 shares of the industrial products company’s stock valued at $58,297,000 after buying an additional 924,284 shares during the last quarter. SG Capital Management LLC bought a new position in shares of Chart Industries in the third quarter valued at about $13,381,000. Dimensional Fund Advisors LP raised its holdings in shares of Chart Industries by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,350,503 shares of the industrial products company’s stock valued at $81,633,000 after buying an additional 260,913 shares during the last quarter. Cramer Rosenthal Mcglynn LLC bought a new position in shares of Chart Industries in the third quarter valued at about $8,409,000. Finally, Vivaldi Asset Management LLC bought a new position in shares of Chart Industries in the second quarter valued at about $2,858,000. 86.65% of the stock is owned by institutional investors and hedge funds.
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Chart Industries Company Profile
Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.
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