Chart Industries (NYSE:GTLS) Stock Price Up 3.8%

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

Analyst Upgrades and Downgrades

GTLS has been the topic of several research reports. Barclays initiated coverage on Chart Industries in a research note on Wednesday, May 8th. They issued an “equal weight” rating and a $193.00 target price on the stock. Morgan Stanley initiated coverage on Chart Industries in a research report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 price target for the company. Wells Fargo & Company lifted their price target on Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Piper Sandler lifted their price target on Chart Industries from $151.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, May 6th. Finally, UBS Group upgraded Chart Industries from a “neutral” rating to a “buy” rating and lifted their price target for the company from $152.00 to $170.00 in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $197.57.

Chart Industries Price Performance

The business has a 50-day simple moving average of $149.87 and a 200 day simple moving average of $141.69. The firm has a market cap of $6.17 billion, a P/E ratio of 143.48, a price-to-earnings-growth ratio of 0.39 and a beta of 1.72. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.25.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in shares of Chart Industries in the 1st quarter worth approximately $30,000. Spire Wealth Management grew its stake in shares of Chart Industries by 141.0% in the 1st quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock worth $33,000 after buying an additional 117 shares during the last quarter. Cape Investment Advisory Inc. purchased a new stake in shares of Chart Industries in the 4th quarter worth approximately $33,000. Rise Advisors LLC grew its stake in shares of Chart Industries by 905.0% in the 1st quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock worth $33,000 after buying an additional 181 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of Chart Industries by 509.8% in the 1st quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock worth $61,000 after buying an additional 311 shares during the last quarter.

About Chart Industries

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.