Chart Industries (NYSE:GTLS) Earns “Neutral” Rating from UBS Group

Chart Industries (NYSE:GTLS)‘s stock had its “neutral” rating reiterated by research analysts at UBS Group in a note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a $210.00 target price on the industrial products company’s stock, down from their prior target price of $225.00. UBS Group’s price target would indicate a potential upside of 5.49% from the company’s previous close.

A number of other analysts also recently commented on GTLS. Morgan Stanley dropped their target price on shares of Chart Industries from $250.00 to $225.00 and set an “overweight” rating on the stock in a report on Friday, May 16th. TD Cowen reduced their price objective on shares of Chart Industries from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Stifel Nicolaus cut their price target on shares of Chart Industries from $231.00 to $214.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Barclays lowered their price objective on shares of Chart Industries from $171.00 to $169.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 10th. Finally, The Goldman Sachs Group set a $180.00 target price on Chart Industries and gave the company a “neutral” rating in a report on Wednesday, May 28th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Chart Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.00.

Chart Industries Stock Performance

Shares of GTLS traded down $0.10 during trading hours on Wednesday, reaching $199.08. 10,641,688 shares of the company’s stock traded hands, compared to its average volume of 1,026,876. Chart Industries has a twelve month low of $101.60 and a twelve month high of $220.03. The business’s fifty day simple moving average is $160.88 and its two-hundred day simple moving average is $164.30. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.51 and a quick ratio of 1.21. The firm has a market capitalization of $9.10 billion, a price-to-earnings ratio of 37.01, a P/E/G ratio of 0.78 and a beta of 1.68.

Chart Industries (NYSE:GTLS) last released its earnings results on Tuesday, July 29th. The industrial products company reported $2.59 EPS for the quarter, missing the consensus estimate of $2.62 by ($0.03). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 14.17%. Analysts predict that Chart Industries will post 9.02 earnings per share for the current year.

Institutional Investors Weigh In On Chart Industries

Institutional investors have recently bought and sold shares of the business. Nordea Investment Management AB increased its holdings in Chart Industries by 5.7% during the 2nd quarter. Nordea Investment Management AB now owns 1,906,083 shares of the industrial products company’s stock valued at $317,248,000 after purchasing an additional 102,226 shares in the last quarter. Janus Henderson Group PLC lifted its position in Chart Industries by 2.2% during the 4th quarter. Janus Henderson Group PLC now owns 1,608,883 shares of the industrial products company’s stock worth $307,046,000 after buying an additional 35,004 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Chart Industries by 9.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,169,664 shares of the industrial products company’s stock valued at $168,853,000 after purchasing an additional 105,027 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in Chart Industries by 1.4% during the 1st quarter. King Luther Capital Management Corp now owns 979,683 shares of the industrial products company’s stock worth $141,427,000 after buying an additional 13,484 shares in the last quarter. Finally, Gates Capital Management Inc. boosted its position in Chart Industries by 61.5% in the 1st quarter. Gates Capital Management Inc. now owns 776,636 shares of the industrial products company’s stock valued at $112,115,000 after buying an additional 295,738 shares during the last quarter.

About Chart Industries

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.