Chart Industries (NYSE:GTLS) Raised to “Strong-Buy” at Zacks Research

Chart Industries (NYSE:GTLS) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other brokerages have also issued reports on GTLS. JPMorgan Chase & Co. raised their price target on shares of Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $204.10.

Chart Industries Price Performance

GTLS opened at $206.86 on Thursday. Chart Industries has a fifty-two week low of $104.60 and a fifty-two week high of $208.24. The firm has a 50-day moving average of $206.61 and a 200 day moving average of $202.51. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.15 and a current ratio of 1.40. The firm has a market cap of $9.30 billion, a P/E ratio of 252.27, a PEG ratio of 0.79 and a beta of 1.75.

Institutional Trading of Chart Industries

A number of institutional investors have recently modified their holdings of the business. Atlantic Investment Management Inc. grew its holdings in Chart Industries by 33.7% in the second quarter. Atlantic Investment Management Inc. now owns 274,699 shares of the industrial products company’s stock valued at $45,229,000 after purchasing an additional 69,300 shares during the last quarter. D.A. Davidson & CO. acquired a new position in shares of Chart Industries during the 2nd quarter worth $294,000. Ethic Inc. raised its stake in shares of Chart Industries by 3.8% during the 2nd quarter. Ethic Inc. now owns 2,812 shares of the industrial products company’s stock worth $472,000 after buying an additional 103 shares during the last quarter. Alpine Associates Management Inc. purchased a new stake in shares of Chart Industries in the 2nd quarter worth about $12,143,000. Finally, New York Life Investment Management LLC grew its stake in Chart Industries by 881.1% in the 3rd quarter. New York Life Investment Management LLC now owns 46,858 shares of the industrial products company’s stock valued at $9,379,000 after acquiring an additional 42,082 shares during the last quarter.

Chart Industries Company Profile

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.