Chart Industries (NYSE:GTLS) Shares Gap Down – Here’s What Happened

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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on GTLS shares. Wells Fargo & Company decreased their target price on Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a research report on Monday. Citigroup increased their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 13th. BTIG Research boosted their target price on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. TD Cowen upped their price target on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Barclays lifted their price objective on Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $194.08.

Chart Industries Stock Performance

The stock has a 50-day moving average of $198.68 and a 200 day moving average of $164.37. The stock has a market cap of $6.28 billion, a PE ratio of 42.51, a P/E/G ratio of 0.57 and a beta of 1.84. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the firm posted $2.25 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. Equities analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Institutional Trading of Chart Industries

Several institutional investors have recently made changes to their positions in the company. Capital Analysts LLC acquired a new stake in Chart Industries during the fourth quarter worth $25,000. Smartleaf Asset Management LLC increased its position in shares of Chart Industries by 129.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 92 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Chart Industries during the 3rd quarter worth about $34,000. Fairway Wealth LLC purchased a new stake in Chart Industries in the 4th quarter valued at about $34,000. Finally, Blue Trust Inc. lifted its position in Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after buying an additional 65 shares during the last quarter.

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.