Chart Industries, Inc. (NYSE:GTLS) Stock Position Boosted by Retirement Systems of Alabama

Retirement Systems of Alabama boosted its stake in Chart Industries, Inc. (NYSE:GTLS) by 6.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 109,144 shares of the industrial products company’s stock after acquiring an additional 6,165 shares during the quarter. Retirement Systems of Alabama’s holdings in Chart Industries were worth $14,880,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GTLS. Federated Hermes Inc. grew its position in Chart Industries by 83.9% in the 3rd quarter. Federated Hermes Inc. now owns 592,238 shares of the industrial products company’s stock valued at $100,159,000 after buying an additional 270,133 shares in the last quarter. Gates Capital Management Inc. boosted its position in shares of Chart Industries by 39.3% during the 3rd quarter. Gates Capital Management Inc. now owns 449,926 shares of the industrial products company’s stock valued at $76,091,000 after purchasing an additional 127,000 shares in the last quarter. Great Lakes Advisors LLC bought a new position in shares of Chart Industries during the 3rd quarter valued at about $19,340,000. Nordea Investment Management AB boosted its position in shares of Chart Industries by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company’s stock valued at $268,088,000 after purchasing an additional 101,404 shares in the last quarter. Finally, Scout Investments Inc. boosted its position in shares of Chart Industries by 19.1% during the 3rd quarter. Scout Investments Inc. now owns 555,921 shares of the industrial products company’s stock valued at $92,655,000 after purchasing an additional 89,141 shares in the last quarter.

Chart Industries Price Performance

NYSE GTLS opened at $145.14 on Thursday. The company has a 50 day simple moving average of $149.12 and a 200-day simple moving average of $136.12. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.19 and a quick ratio of 0.88. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 381.95, a price-to-earnings-growth ratio of 0.41 and a beta of 1.70. Chart Industries, Inc. has a 52-week low of $106.66 and a 52-week high of $184.65.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.12. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.09 billion. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. The firm’s revenue was up 130.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 earnings per share. Equities research analysts predict that Chart Industries, Inc. will post 11.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GTLS has been the subject of several research reports. UBS Group upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and raised their price objective for the company from $152.00 to $170.00 in a research report on Tuesday, March 19th. Raymond James upgraded shares of Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 price objective for the company in a research report on Thursday, January 4th. Wells Fargo & Company raised their price objective on shares of Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. TD Cowen raised their price objective on shares of Chart Industries from $230.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Finally, Morgan Stanley started coverage on shares of Chart Industries in a report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $194.85.

About Chart Industries

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.