Chart Industries (NASDAQ:GTLS) Shares Gap Up to $133.91

Chart Industries, Inc. (NASDAQ:GTLS) gapped up before the market opened on Thursday . The stock had previously closed at $133.91, but opened at $138.05. Chart Industries shares last traded at $136.90, with a volume of 1,937 shares traded.

GTLS has been the topic of several research analyst reports. Benchmark initiated coverage on shares of Chart Industries in a research report on Tuesday, December 7th. They set a “buy” rating and a $206.00 target price on the stock. Credit Suisse Group decreased their target price on shares of Chart Industries from $213.00 to $194.00 and set an “outperform” rating on the stock in a research report on Friday, October 22nd. Wells Fargo & Company initiated coverage on shares of Chart Industries in a research report on Thursday, September 23rd. They set an “overweight” rating and a $230.00 target price on the stock. Raymond James lowered shares of Chart Industries from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 5th. Finally, Bank of America lowered shares of Chart Industries from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $207.00 to $199.00 in a research report on Monday, October 18th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $201.44.

The firm’s 50 day moving average is $165.59 and its two-hundred day moving average is $171.64. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 16.38 and a beta of 1.56. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34.

Chart Industries (NASDAQ:GTLS) last announced its earnings results on Wednesday, October 20th. The industrial products company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.29). Chart Industries had a net margin of 25.32% and a return on equity of 6.25%. The firm had revenue of $328.30 million during the quarter, compared to analyst estimates of $346.10 million. During the same period in the previous year, the firm posted $0.63 EPS. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. As a group, equities analysts expect that Chart Industries, Inc. will post 2.73 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Chart Industries during the 3rd quarter valued at about $64,000. Archer Investment Corp increased its stake in shares of Chart Industries by 26.0% during the 3rd quarter. Archer Investment Corp now owns 417 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 86 shares during the last quarter. Harvest Fund Management Co. Ltd increased its stake in shares of Chart Industries by 25.6% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 520 shares of the industrial products company’s stock valued at $76,000 after acquiring an additional 106 shares during the last quarter. First Mercantile Trust Co. acquired a new position in shares of Chart Industries during the 3rd quarter valued at about $134,000. Finally, USA Financial Portformulas Corp acquired a new position in shares of Chart Industries during the 3rd quarter valued at about $144,000.

About Chart Industries (NASDAQ:GTLS)

Chart Industries, Inc engages in the manufacturing of engineered equipment for the industrial gas, energy, and biomedical industries. It operates through the following business segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing, and Corporate. The Cryo Tank Solutions segment supplies bulk, microbulk, and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases.

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