Other equities analysts have also recently issued research reports about the company. Zacks Investment Research raised Chart Industries from a sell rating to a hold rating in a report on Wednesday, July 31st. Morgan Stanley upped their price target on Chart Industries from $90.00 to $100.00 and gave the stock an overweight rating in a report on Tuesday, July 23rd. Finally, ValuEngine cut Chart Industries from a hold rating to a sell rating in a report on Saturday, August 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $85.43.
Shares of GTLS stock opened at $58.69 on Monday. The stock has a market cap of $2.10 billion, a PE ratio of 29.05 and a beta of 1.08. The business has a 50-day simple moving average of $71.60 and a 200-day simple moving average of $80.73. The company has a quick ratio of 1.36, a current ratio of 2.00 and a debt-to-equity ratio of 0.25. Chart Industries has a 52-week low of $57.88 and a 52-week high of $95.66.
In other news, Director Carey Chen bought 3,403 shares of Chart Industries stock in a transaction on Thursday, August 15th. The stock was acquired at an average price of $59.73 per share, with a total value of $203,261.19. Following the completion of the acquisition, the director now directly owns 5,500 shares of the company’s stock, valued at $328,515. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.28% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in GTLS. Norges Bank acquired a new position in shares of Chart Industries during the fourth quarter valued at approximately $22,427,000. Geode Capital Management LLC raised its holdings in shares of Chart Industries by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 351,182 shares of the industrial products company’s stock valued at $22,837,000 after acquiring an additional 27,985 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Chart Industries by 2.0% during the first quarter. State of Alaska Department of Revenue now owns 10,648 shares of the industrial products company’s stock valued at $963,000 after acquiring an additional 210 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Chart Industries by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the industrial products company’s stock valued at $1,068,000 after acquiring an additional 123 shares during the last quarter. Finally, Sciencast Management LP acquired a new position in shares of Chart Industries during the first quarter valued at approximately $459,000.
About Chart Industries
Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.
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