Chart Industries, Inc. (NYSE:GTLS) Given Average Recommendation of “Reduce” by Brokerages

Chart Industries, Inc. (NYSE:GTLS) has earned a consensus rating of “Reduce” from the thirteen ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating and eleven have issued a hold rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $201.80.

A number of research analysts have recently commented on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a report on Wednesday, June 24th. Zacks Research lowered Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Finally, Wall Street Zen raised Chart Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th.

Chart Industries Price Performance

NYSE GTLS opened at $208.81 on Thursday. Chart Industries has a fifty-two week low of $162.00 and a fifty-two week high of $209.18. The stock’s 50-day moving average is $207.72 and its two-hundred day moving average is $207.24. The firm has a market cap of $10.00 billion, a P/E ratio of -200.77, a price-to-earnings-growth ratio of 1.23 and a beta of 1.53. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21.

Institutional Trading of Chart Industries

A number of institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC grew its stake in Chart Industries by 94.9% in the 4th quarter. Millennium Management LLC now owns 1,586,588 shares of the industrial products company’s stock valued at $327,202,000 after buying an additional 772,723 shares during the last quarter. FIL Ltd lifted its position in Chart Industries by 7.2% during the 4th quarter. FIL Ltd now owns 1,315,500 shares of the industrial products company’s stock worth $271,296,000 after acquiring an additional 88,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Chart Industries by 0.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,216,271 shares of the industrial products company’s stock worth $243,433,000 after acquiring an additional 8,697 shares during the last quarter. UBS Group AG boosted its holdings in Chart Industries by 76.9% during the fourth quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock valued at $243,550,000 after acquiring an additional 513,195 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Chart Industries by 62.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,155,240 shares of the industrial products company’s stock valued at $238,245,000 after acquiring an additional 442,650 shares during the period.

About Chart Industries

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.