Chart Industries, Inc. (NYSE:GTLS) Given Average Rating of “Reduce” by Analysts

Shares of Chart Industries, Inc. (NYSE:GTLS) have earned a consensus recommendation of “Reduce” from the thirteen analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and eleven have assigned a hold recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $201.80.

GTLS has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Zacks Research cut Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Finally, Wall Street Zen cut Chart Industries from a “hold” rating to a “sell” rating in a report on Saturday, May 16th.

Hedge Funds Weigh In On Chart Industries

Hedge funds have recently modified their holdings of the stock. Angelo Gordon & CO. L.P. acquired a new position in shares of Chart Industries in the 3rd quarter worth $2,602,000. PACK Private Wealth LLC acquired a new position in shares of Chart Industries in the 3rd quarter worth $2,342,000. Magnetar Financial LLC grew its holdings in shares of Chart Industries by 23.3% during the third quarter. Magnetar Financial LLC now owns 382,078 shares of the industrial products company’s stock valued at $76,473,000 after buying an additional 72,078 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Chart Industries by 2,212.5% during the fourth quarter. M&T Bank Corp now owns 52,911 shares of the industrial products company’s stock valued at $10,912,000 after buying an additional 50,623 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in shares of Chart Industries during the third quarter valued at $12,009,000.

Chart Industries Stock Down 0.1%

GTLS opened at $207.30 on Friday. Chart Industries has a one year low of $140.50 and a one year high of $208.76. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.21 and a current ratio of 1.53. The stock’s fifty day moving average is $207.57 and its 200-day moving average is $206.78. The company has a market capitalization of $9.92 billion, a PE ratio of 797.34, a P/E/G ratio of 1.22 and a beta of 1.53.

About Chart Industries

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.