Louisiana State Employees Retirement System Purchases 800 Shares of Chart Industries, Inc. $GTLS

Louisiana State Employees Retirement System increased its position in Chart Industries, Inc. (NYSE:GTLS) by 6.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,600 shares of the industrial products company’s stock after acquiring an additional 800 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Chart Industries were worth $2,075,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS boosted its position in shares of Chart Industries by 4.3% in the second quarter. KLP Kapitalforvaltning AS now owns 19,200 shares of the industrial products company’s stock valued at $3,161,000 after acquiring an additional 800 shares during the period. Woodmont Investment Counsel LLC boosted its position in shares of Chart Industries by 11.0% in the second quarter. Woodmont Investment Counsel LLC now owns 21,426 shares of the industrial products company’s stock valued at $3,528,000 after acquiring an additional 2,116 shares during the period. Wealthcare Advisory Partners LLC boosted its position in shares of Chart Industries by 5.7% in the second quarter. Wealthcare Advisory Partners LLC now owns 4,211 shares of the industrial products company’s stock valued at $693,000 after acquiring an additional 226 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Chart Industries by 3.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 14,071 shares of the industrial products company’s stock valued at $2,317,000 after acquiring an additional 434 shares during the period. Finally, Bourgeon Capital Management LLC bought a new position in shares of Chart Industries in the second quarter valued at approximately $3,712,000.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GTLS shares. Citigroup lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Barclays dropped their target price on shares of Chart Industries from $171.00 to $169.00 and set an “equal weight” rating for the company in a research report on Thursday, July 10th. UBS Group reiterated a “neutral” rating and set a $210.00 target price (down from $225.00) on shares of Chart Industries in a research report on Wednesday, July 30th. Craig Hallum lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Chart Industries in a research report on Wednesday, July 30th. Four investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $202.00.

Chart Industries Stock Down 0.2%

Shares of NYSE GTLS opened at $199.82 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 1.04. Chart Industries, Inc. has a 52 week low of $104.60 and a 52 week high of $220.03. The firm’s fifty day moving average is $199.24 and its 200 day moving average is $169.08. The company has a market cap of $8.98 billion, a price-to-earnings ratio of 37.14, a PEG ratio of 1.16 and a beta of 1.71.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.03). The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. On average, equities research analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

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.