Fintel reports that on August 9, 2023, Wells Fargo upgraded their outlook for Chart Industries (NYSE:GTLS) from Equal-Weight to Overweight .
Analyst Price Forecast Suggests 26.32% Upside
As of August 2, 2023, the average one-year price target for Chart Industries is 209.38. The forecasts range from a low of 141.40 to a high of $257.25. The average price target represents an increase of 26.32% from its latest reported closing price of 165.76.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Chart Industries is 2,281MM, a decrease of 0.53%. The projected annual non-GAAP EPS is 7.68.
What is the Fund Sentiment?
There are 910 funds or institutions reporting positions in Chart Industries. This is a decrease of 39 owner(s) or 4.11% in the last quarter. Average portfolio weight of all funds dedicated to GTLS is 0.32%, a decrease of 24.82%. Total shares owned by institutions decreased in the last three months by 3.73% to 61,870K shares. 
The put/call ratio of GTLS is 0.44, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 5,077K shares representing 12.09% ownership of the company. In it's prior filing, the firm reported owning 5,632K shares, representing a decrease of 10.94%. The firm decreased its portfolio allocation in GTLS by 4.88% over the last quarter.
AGTHX - GROWTH FUND OF AMERICA holds 2,644K shares representing 6.30% ownership of the company. No change in the last quarter.
Nordea Investment Management Ab holds 2,031K shares representing 4.84% ownership of the company. In it's prior filing, the firm reported owning 2,088K shares, representing a decrease of 2.83%. The firm increased its portfolio allocation in GTLS by 15.66% over the last quarter.
William Blair Investment Management holds 1,783K shares representing 4.25% ownership of the company. In it's prior filing, the firm reported owning 1,718K shares, representing an increase of 3.61%. The firm increased its portfolio allocation in GTLS by 2.83% over the last quarter.
ANWPX - NEW PERSPECTIVE FUND holds 1,328K shares representing 3.16% ownership of the company. In it's prior filing, the firm reported owning 1,701K shares, representing a decrease of 28.06%. The firm decreased its portfolio allocation in GTLS by 21.93% over the last quarter.
Chart Industries Background Information
(This description is provided by the company.)
Chart Industries, Inc. is a leading independent global manufacturer of highly engineered equipment servicing multiple applications in the Energy and Industrial Gas markets. Its unique product portfolio is used in every phase of the liquid gas supply chain, including upfront engineering, service and repair. Being at the forefront of the clean energy transition, Chart is a leading provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas and CO2 Capture amongst other applications. The company is committed to excellence in environmental, social and corporate governance (ESG) issues both for its company as well as its customers. With over 25 global locations from the United States to Asia, Australia, India, Europe and South America, the company maintains accountability and transparency to its team members, suppliers, customers and communities.
Additional reading:
- Chart Industries Reports Record 2023 Second Quarter Financial Metrics
- Chart Industries, Inc. Second Quarter 2023 Earnings Call JULY 28, 2023 Exhibit 99.2 GTLS: GAS TO LIQUID SYSTEMS® Forward Looking Statements (1/2) CERTAIN STATEMENTS MADE IN THIS INVESTOR PRESENTATION ARE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING
- tween Chart Industries, Inc. and Mr. Joseph
- Amendment No. 4, dated as of June 30, 2023, which amends that certain Fifth Amended and Restated Credit Agreement, dated as of October 18, 2021 (as amended by Amendment No. 1, dated as of November 21, 2022, Amendment No. 2, dated as of March 16, 2023, Amendment No. 3, dated as of March 17, 2023, and as otherwise amended, restated, supplemented or otherwise modified prior to the date hereof), by and among Chart Industries, Inc., the direct or indirect subsidiaries of Chart Industries, Inc. designated as borrowers from time to time thereunder, the lenders named therein, JPMorgan Chase Bank, N.A., as Administrative Agent, Bank of America, N.A., Fifth Third Bank, National Association, HSBC Bank USA, National Association, PNC Bank, National Association and Wells Fargo Bank, National Association, as Co-Syndication Agents, and BMO Harris Bank, N.A., Capital One, N.A., Citizens Bank, N.A., MUFG Union Bank, N.A. and Regions Bank, as Co-Documentation Agents.
- Forward Looking Statements (1/2) CERTAIN STATEMENTS MADE IN THIS INVESTOR PRESENTATION ARE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. FORWARD-LOOKING STATEMENTS INCLUDE STATEMENTS CONCERNING
This story originally appeared on Fintel.
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