Chart Industries (NYSE:GTLS) Stock Price Down 6.3%

Chart Industries, Inc. (NYSE:GTLS) traded down 6.3% on Friday . The stock traded as low as $111.25 and last traded at $111.72. 273,618 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 580,566 shares. The stock had previously closed at $119.27.

Analyst Upgrades and Downgrades

Several research firms recently commented on GTLS. Piper Sandler boosted their price target on Chart Industries from $151.00 to $160.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Stifel Nicolaus reduced their target price on shares of Chart Industries from $220.00 to $199.00 and set a “buy” rating on the stock in a research report on Monday. Bank of America upped their target price on shares of Chart Industries from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Morgan Stanley started coverage on shares of Chart Industries in a research note on Thursday, April 18th. They set an “equal weight” rating and a $200.00 price target on the stock. Finally, Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $189.31.

Chart Industries Stock Down 6.2 %

The company has a debt-to-equity ratio of 1.29, a current ratio of 1.25 and a quick ratio of 0.95. The firm has a market cap of $4.79 billion, a P/E ratio of 112.89, a PEG ratio of 0.44 and a beta of 1.74. The firm’s 50-day moving average price is $147.00 and its 200 day moving average price is $145.12.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.57 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 $1.04 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the business earned $1.19 EPS. The company’s quarterly revenue was up 14.5% on a year-over-year basis. On average, equities research analysts expect that Chart Industries, Inc. will post 11.56 earnings per share for the current fiscal year.

Institutional Trading of Chart Industries

Institutional investors have recently added to or reduced their stakes in the business. EFG Asset Management North America Corp. boosted its holdings in shares of Chart Industries by 0.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company’s stock valued at $1,916,000 after buying an additional 63 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Chart Industries by 3.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock valued at $270,000 after purchasing an additional 64 shares during the last quarter. Banque Cantonale Vaudoise raised its position in shares of Chart Industries by 5.1% during the 1st quarter. Banque Cantonale Vaudoise now owns 1,757 shares of the industrial products company’s stock worth $290,000 after purchasing an additional 85 shares during the period. Arizona State Retirement System raised its position in shares of Chart Industries by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 11,836 shares of the industrial products company’s stock worth $1,708,000 after purchasing an additional 87 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its holdings in shares of 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 purchasing an additional 99 shares during the last quarter.

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.