Chart Industries (NYSE:GTLS) Trading Up 7.6%

Shares of Chart Industries, Inc. (NYSE:GTLS) traded up 7.6% during trading on Friday . The stock traded as high as $158.00 and last traded at $156.08. 282,084 shares were traded during trading, a decline of 53% from the average session volume of 603,781 shares. The stock had previously closed at $145.00.

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley initiated coverage on shares of Chart Industries in a research report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 price target for the company. TD Cowen upped their price objective on shares of Chart Industries from $230.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Wells Fargo & Company upped their price objective on shares of Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Finally, UBS Group upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and upped their price objective for the company from $152.00 to $170.00 in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.85.

Chart Industries Trading Up 6.9 %

The company’s fifty day moving average is $150.44 and its two-hundred day moving average is $136.21. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.88 and a current ratio of 1.19. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 407.89, a P/E/G ratio of 0.40 and a beta of 1.73.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, May 3rd. The industrial products company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.39). Chart Industries had a return on equity of 9.27% and a net margin of 1.00%. The company had revenue of $950.70 million during the quarter, compared to analysts’ expectations of $970.91 million. During the same quarter in the prior year, the company posted $1.41 EPS. The company’s revenue for the quarter was up 76.7% on a year-over-year basis. On average, research analysts anticipate that Chart Industries, Inc. will post 11.98 EPS for the current year.

Institutional Investors Weigh In On Chart Industries

Several hedge funds have recently bought and sold shares of GTLS. Allspring Global Investments Holdings LLC purchased a new stake in Chart Industries in the 1st quarter worth approximately $30,000. Spire Wealth Management boosted its position in 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 purchasing an additional 117 shares in the last quarter. Cape Investment Advisory Inc. purchased a new position in shares of Chart Industries during the 4th quarter valued at approximately $33,000. Rise Advisors LLC lifted its position in shares of Chart Industries by 905.0% during the 1st quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $33,000 after buying an additional 181 shares in the last quarter. Finally, Mendota Financial Group LLC acquired a new stake in Chart Industries in the 4th quarter valued at $77,000.

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.