Chart Industries (NYSE:GTLS) Trading Up 3.8%

Chart Industries, Inc. (NYSE:GTLS)’s share price shot up 3.8% during mid-day trading on Friday . The stock traded as high as $149.43 and last traded at $148.97. 19,064 shares changed hands during trading, a decline of 97% from the average session volume of 556,855 shares. The stock had previously closed at $143.46.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. The Goldman Sachs Group increased their price target on Chart Industries from $150.00 to $168.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. Morgan Stanley assumed coverage on shares of Chart Industries in a research report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 price objective for the company. UBS Group upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and upped their price target for the company from $152.00 to $170.00 in a research note on Tuesday, March 19th. Barclays initiated coverage on shares of Chart Industries in a research report on Wednesday, May 8th. They set an “equal weight” rating and a $193.00 price objective for the company. Finally, Stifel Nicolaus reduced their target price on shares of Chart Industries from $224.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.92.

Chart Industries Trading Up 0.6 %

The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The company has a market cap of $6.18 billion, a P/E ratio of 144.34, a PEG ratio of 0.40 and a beta of 1.72. The stock’s 50 day moving average is $149.80 and its 200-day moving average is $141.95.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, May 3rd. The industrial products company reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.39). Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The firm had revenue of $950.70 million during the quarter, compared to analysts’ expectations of $970.91 million. During the same quarter in the previous year, the firm earned $1.41 earnings per share. Chart Industries’s revenue was up 76.7% on a year-over-year basis. Research analysts anticipate that Chart Industries, Inc. will post 11.94 earnings per share for the current fiscal year.

Institutional Trading of Chart Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise grew its holdings in Chart Industries by 5.1% during the first quarter. Banque Cantonale Vaudoise now owns 1,757 shares of the industrial products company’s stock valued at $290,000 after purchasing an additional 85 shares during the period. Johnson Investment Counsel Inc. increased its holdings in Chart Industries by 4.7% in the 4th quarter. Johnson Investment Counsel Inc. now owns 2,208 shares of the industrial products company’s stock worth $301,000 after acquiring an additional 99 shares in the last quarter. State of Michigan Retirement System raised its stake in Chart Industries by 1.0% during the 4th quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company’s stock worth $1,377,000 after acquiring an additional 100 shares during the period. New York State Teachers Retirement System lifted its holdings in Chart Industries by 0.3% during the first quarter. New York State Teachers Retirement System now owns 38,958 shares of the industrial products company’s stock valued at $6,417,000 after purchasing an additional 100 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Chart Industries by 0.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 11,487 shares of the industrial products company’s stock worth $1,566,000 after purchasing an additional 104 shares during the period.

Chart Industries Company Profile

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.