Chart Industries (NYSE:GTLS) Shares Gap Down – What’s Next?

Chart Industries, Inc. (NYSE:GTLS)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $166.05, but opened at $157.00. Chart Industries shares last traded at $154.32, with a volume of 207,410 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GTLS shares. BTIG Research upped their price target on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Raymond James reiterated a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a research note on Monday, December 2nd. Citigroup increased their price target on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Barclays lifted their price objective on shares of Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, The Goldman Sachs Group upped their target price on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Chart Industries presently has an average rating of “Moderate Buy” and a consensus price target of $194.08.

Chart Industries Price Performance

The firm has a market cap of $6.28 billion, a PE ratio of 42.51, a price-to-earnings-growth ratio of 0.57 and a beta of 1.84. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The company has a 50 day moving average price of $198.68 and a 200 day moving average price of $164.37.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the company earned $2.25 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, sell-side analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

Institutional Trading of Chart Industries

Several large investors have recently added to or reduced their stakes in GTLS. National Bank of Canada FI lifted its holdings in Chart Industries by 328.7% in the 3rd quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock worth $839,000 after buying an additional 5,181 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of Chart Industries by 248.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock valued at $2,744,000 after acquiring an additional 15,862 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Chart Industries by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock worth $73,551,000 after buying an additional 13,181 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. grew its holdings in shares of Chart Industries by 26.7% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock valued at $1,813,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Blueshift Asset Management LLC bought a new stake in Chart Industries in the third quarter valued at $373,000.

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.