Chart Industries (NASDAQ:GTLS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.
According to Zacks, “Chart Industries, Inc. is a leading independent global manufacturer of highly engineered equipment servicing end market applications in Energy, Industry, Life Sciences and Respiratory Healthcare with a unique business portfolio. Their equipment is used in the production, storage, distribution and end-use of atmospheric, hydrocarbon, and industrial gases. Chart Industries are organized in three operating segments: Energy & Chemicals, Distribution and Storage, and BioMedical serving customers from a global manufacturing platform in North America, Europe and Asia. Chart Industries fully appreciate how important a good understanding of their business and their markets is when evaluating investment decisions. “
GTLS has been the subject of several other reports. 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. BidaskClub upgraded shares of Chart Industries from a “hold” rating to a “buy” rating in a research note on Friday, January 5th. Lake Street Capital raised 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. Finally, Seaport Global Securities upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $53.00.
Institutional investors and hedge funds have recently made changes to their positions in the business. Northern Trust Corp boosted its stake in Chart Industries by 7.7% in the second quarter. Northern Trust Corp now owns 667,334 shares of the industrial products company’s stock valued at $23,178,000 after acquiring an additional 47,728 shares in the last quarter. Pzena Investment Management LLC boosted its stake in Chart Industries by 2.9% in the third quarter. Pzena Investment Management LLC now owns 1,353,367 shares of the industrial products company’s stock valued at $53,093,000 after acquiring an additional 37,964 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in 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 acquiring an additional 924,284 shares in the last quarter. SG Capital Management LLC acquired a new stake in shares of Chart Industries during the third quarter worth $13,381,000. Finally, Legal & General Group Plc lifted its stake in shares of Chart Industries by 8.9% during the third quarter. Legal & General Group Plc now owns 62,936 shares of the industrial products company’s stock worth $2,469,000 after buying an additional 5,150 shares during the period. Institutional investors own 84.82% of the company’s stock.
WARNING: This story was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this story can be viewed at https://www.com-unik.info/2018/02/11/chart-industries-gtls-downgraded-to-hold-at-zacks-investment-research.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Chart Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chart Industries and related companies with MarketBeat.com's FREE daily email newsletter.