Chart Industries, Inc. (NYSE:GTLS) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Chart Industries, Inc. (NYSE:GTLS) have been assigned a consensus rating of “Reduce” from the four ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $210.00.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Chart Industries during the 4th quarter valued at about $237,827,000. Balyasny Asset Management L.P. raised its stake in Chart Industries by 2,251.3% in the third quarter. Balyasny Asset Management L.P. now owns 1,018,831 shares of the industrial products company’s stock worth $203,919,000 after buying an additional 975,501 shares in the last quarter. Millennium Management LLC lifted its holdings in Chart Industries by 94.9% in the fourth quarter. Millennium Management LLC now owns 1,586,588 shares of the industrial products company’s stock worth $327,202,000 after buying an additional 772,723 shares during the period. Kryger Capital LLC bought a new stake in Chart Industries during the 1st quarter valued at approximately $113,737,000. Finally, UBS Group AG boosted its position in Chart Industries by 76.9% during the 4th 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 in the last quarter.

Chart Industries Price Performance

GTLS stock opened at $209.90 on Monday. The company’s 50 day moving average is $208.62 and its 200 day moving average is $207.79. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of -201.82, a price-to-earnings-growth ratio of 1.24 and a beta of 1.53. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.15. Chart Industries has a 1-year low of $163.23 and a 1-year high of $209.96.

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.