Seaport Res Ptn Weighs in on GTLS FY2024 Earnings

Chart Industries, Inc. (NYSE:GTLS) – Seaport Res Ptn issued their FY2024 earnings estimates for Chart Industries in a note issued to investors on Monday, November 4th. Seaport Res Ptn analyst W. Liptak forecasts that the industrial products company will post earnings per share of $9.00 for the year. The consensus estimate for Chart Industries’ current full-year earnings is $9.00 per share. Seaport Res Ptn also issued estimates for Chart Industries’ Q4 2024 earnings at $3.15 EPS, Q2 2025 earnings at $3.11 EPS, Q4 2025 earnings at $4.17 EPS and FY2025 earnings at $12.77 EPS.

Several other equities research analysts have also commented on GTLS. Wells Fargo & Company decreased their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Bank of America decreased their price objective on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Stifel Nicolaus increased their target price on shares of Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a report on Monday. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target on the stock in a research note on Monday, September 16th. Finally, The Goldman Sachs Group dropped their price objective on Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $178.82.

Chart Industries Trading Down 1.6 %

NYSE GTLS opened at $163.29 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $6.99 billion, a P/E ratio of 47.33, a P/E/G ratio of 0.73 and a beta of 1.71. Chart Industries has a 52-week low of $101.60 and a 52-week high of $171.68. The firm has a 50-day moving average price of $124.06 and a 200 day moving average price of $137.24.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the company earned $1.28 EPS. Chart Industries’s revenue for the quarter was up 18.3% compared to the same quarter last year.

Institutional Investors Weigh In On Chart Industries

Several institutional investors and hedge funds have recently modified their holdings of GTLS. Allspring Global Investments Holdings LLC purchased a new stake in shares of Chart Industries during the first quarter valued at approximately $30,000. Norden Group LLC purchased a new stake in Chart Industries during the 1st quarter worth $221,000. Commonwealth Equity Services LLC lifted its holdings in Chart Industries by 28.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 5,540 shares of the industrial products company’s stock worth $913,000 after buying an additional 1,222 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Chart Industries by 5.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 13,712 shares of the industrial products company’s stock valued at $2,259,000 after buying an additional 761 shares during the last quarter. Finally, FORA Capital LLC acquired a new stake in shares of Chart Industries during the first quarter valued at about $393,000.

Insider Buying and Selling

In related news, Director Linda S. Harty acquired 5,000 shares of the stock in a transaction dated Monday, September 16th. The stock was bought at an average cost of $48.05 per share, with a total value of $240,250.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $240,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the acquisition, the chief executive officer now owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linda S. Harty acquired 5,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were acquired at an average price of $48.05 per share, with a total value of $240,250.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at $240,250. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 7,152 shares of company stock valued at $482,278. Insiders own 0.95% of the company’s stock.

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.