Arizona State Retirement System Raises Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Arizona State Retirement System increased its position in Chart Industries, Inc. (NYSE:GTLS) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,424 shares of the industrial products company’s stock after buying an additional 99 shares during the quarter. Arizona State Retirement System’s holdings in Chart Industries were worth $2,371,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in shares of Chart Industries by 129.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock worth $31,000 after buying an additional 92 shares during the period. Ashton Thomas Securities LLC purchased a new position in Chart Industries during the 3rd quarter valued at $34,000. Blue Trust Inc. increased its position in Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 65 shares during the period. Spire Wealth Management increased its position in Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 125 shares during the period. Finally, Wingate Wealth Advisors Inc. purchased a new position in Chart Industries during the 4th quarter valued at $56,000.

Chart Industries Stock Performance

Shares of GTLS stock opened at $142.52 on Tuesday. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. The company’s 50-day moving average is $195.29 and its 200 day moving average is $165.29. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of 41.31, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the company posted $2.25 earnings per share. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. Sell-side analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GTLS has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. BTIG Research boosted their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, December 16th. TD Cowen boosted their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Wells Fargo & Company reduced their price objective on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Finally, Stifel Nicolaus boosted their target price on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $194.08.

Insider Activity

In related news, CEO Jillian C. Evanko purchased 350 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $150.35 per share, with a total value of $52,622.50. Following the acquisition, the chief executive officer now directly owns 137,666 shares in the company, valued at $20,698,083.10. The trade was a 0.25 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.