Chart Industries, Inc. (NASDAQ:GTLS) was the recipient of some unusual options trading activity on Monday. Stock traders purchased 1,100 call options on the stock. This is an increase of approximately 1,194% compared to the average daily volume of 85 call options.
Several equities analysts have recently issued reports on the stock. Alembic Global Advisors reaffirmed a “hold” rating on shares of Chart Industries in a research note on Thursday, March 8th. TheStreet upgraded shares of Chart Industries from a “c” rating to a “b-” rating in a report on Friday, March 2nd. Zacks Investment Research lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Craig Hallum raised shares of Chart Industries from a “hold” rating to a “buy” rating in a research report on Thursday, February 22nd. Finally, BidaskClub raised shares of Chart Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $54.83.
Institutional investors have recently modified their holdings of the business. Elkfork Partners LLC purchased a new position in Chart Industries during the 4th quarter valued at $148,000. Barings LLC purchased a new stake in shares of Chart Industries in the 3rd quarter worth about $204,000. Amalgamated Bank purchased a new stake in shares of Chart Industries in the 4th quarter worth about $207,000. Moody National Bank Trust Division purchased a new stake in shares of Chart Industries in the 4th quarter worth about $228,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Chart Industries in the 3rd quarter worth about $231,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.
Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.15. Chart Industries had a net margin of 2.84% and a return on equity of 4.44%. The firm had revenue of $306.00 million during the quarter, compared to analyst estimates of $282.19 million. The firm’s revenue was up 42.7% on a year-over-year basis. sell-side analysts expect that Chart Industries will post 1.85 earnings per share for the current year.
About Chart Industries
Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.
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