Retirement Systems of Alabama Increases Position in Chart Industries, Inc. $GTLS

Retirement Systems of Alabama grew its stake in Chart Industries, Inc. (NYSE:GTLS) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,573 shares of the industrial products company’s stock after acquiring an additional 3,741 shares during the quarter. Retirement Systems of Alabama owned about 0.24% of Chart Industries worth $17,712,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GTLS. Perpetual Ltd purchased a new position in shares of Chart Industries in the 2nd quarter valued at $107,498,000. Gates Capital Management Inc. increased its holdings in shares of Chart Industries by 61.5% in the 1st quarter. Gates Capital Management Inc. now owns 776,636 shares of the industrial products company’s stock valued at $112,115,000 after acquiring an additional 295,738 shares during the period. Van Berkom & Associates Inc. increased its holdings in shares of Chart Industries by 101.2% in the 1st quarter. Van Berkom & Associates Inc. now owns 374,722 shares of the industrial products company’s stock valued at $54,095,000 after acquiring an additional 188,477 shares during the period. Driehaus Capital Management LLC grew its stake in Chart Industries by 77.7% during the 1st quarter. Driehaus Capital Management LLC now owns 340,198 shares of the industrial products company’s stock worth $49,111,000 after buying an additional 148,703 shares during the last quarter. Finally, Engaged Capital LLC grew its stake in Chart Industries by 64.1% during the 1st quarter. Engaged Capital LLC now owns 368,996 shares of the industrial products company’s stock worth $53,268,000 after buying an additional 144,200 shares during the last quarter.

Chart Industries Stock Performance

Shares of GTLS opened at $199.69 on Friday. The stock has a 50-day moving average of $199.63 and a two-hundred day moving average of $176.32. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $220.03. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.27 and a current ratio of 1.40. The stock has a market cap of $8.97 billion, a P/E ratio of 243.52, a P/E/G ratio of 1.15 and a beta of 1.71.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $2.78 EPS for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.24). Chart Industries had a return on equity of 14.17% and a net margin of 1.55%.The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the firm posted $2.18 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. As a group, research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday. UBS Group restated a “neutral” rating and set a $210.00 target price (down from $225.00) on shares of Chart Industries in a research note on Wednesday, July 30th. BTIG Research downgraded Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Raymond James Financial restated a “market perform” rating on shares of Chart Industries in a research note on Wednesday, July 30th. Finally, Seaport Res Ptn downgraded Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Three equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $205.21.

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.