Chart Industries, Inc. (NASDAQ:GTLS) saw unusually large options trading activity on Thursday. Investors acquired 1,328 call options on the company. This is an increase of 1,943% compared to the average daily volume of 65 call options.
Several large investors have recently modified their holdings of GTLS. Barings LLC acquired a new position in Chart Industries during the third quarter valued at approximately $204,000. SG Americas Securities LLC grew its holdings in Chart Industries by 42.7% during the second quarter. SG Americas Securities LLC now owns 6,657 shares of the industrial products company’s stock valued at $231,000 after purchasing an additional 1,992 shares during the period. Piedmont Investment Advisors LLC acquired a new position in Chart Industries during the second quarter valued at approximately $231,000. Crossmark Global Holdings Inc. acquired a new position in Chart Industries during the third quarter valued at approximately $231,000. Finally, Sheets Smith Wealth Management acquired a new position in Chart Industries during the fourth quarter valued at approximately $239,000. Institutional investors own 86.65% of the company’s stock.
Shares of Chart Industries (GTLS) opened at $54.82 on Friday. Chart Industries has a 1 year low of $32.04 and a 1 year high of $54.95. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 1.13. The company has a market cap of $1,690.00, a P/E ratio of -783.14, a PEG ratio of 1.53 and a beta of 1.33.
Several equities research analysts have recently commented on GTLS shares. Seaport Global Securities upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Friday, October 27th. BidaskClub cut shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Lake Street Capital set a $59.00 price target on shares of Chart Industries and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Northcoast Research upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Monday, October 9th. Finally, Johnson Rice reiterated a “buy” rating and set a $48.00 price target (up previously from $42.00) on shares of Chart Industries in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $52.67.
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About Chart Industries
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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