Teachers Retirement System of The State of Kentucky Boosts Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 6.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,574 shares of the industrial products company’s stock after acquiring an additional 1,753 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Chart Industries were worth $4,707,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of GTLS. Raymond James Financial Services Advisors Inc. raised its position in Chart Industries by 18.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 38,276 shares of the industrial products company’s stock valued at $5,218,000 after purchasing an additional 6,081 shares in the last quarter. State of Michigan Retirement System raised its position in Chart Industries by 1.0% during the 4th quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company’s stock valued at $1,377,000 after purchasing an additional 100 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in Chart Industries during the 4th quarter valued at $1,366,000. Advisors Preferred LLC bought a new stake in Chart Industries during the 4th quarter valued at $2,726,000. Finally, Nisa Investment Advisors LLC raised its position in Chart Industries by 0.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 11,487 shares of the industrial products company’s stock valued at $1,566,000 after purchasing an additional 104 shares in the last quarter.

Chart Industries Stock Down 18.1 %

GTLS stock traded down $27.84 on Friday, hitting $126.01. 2,100,275 shares of the company’s stock were exchanged, compared to its average volume of 489,984. Chart Industries, Inc. has a 12-month low of $109.48 and a 12-month high of $184.65. The firm has a 50 day moving average price of $149.82 and a two-hundred day moving average price of $145.39. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.25. The stock has a market cap of $5.39 billion, a P/E ratio of 126.13, a price-to-earnings-growth ratio of 0.44 and a beta of 1.74.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($0.39). The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.19 EPS. As a group, equities research analysts expect that Chart Industries, Inc. will post 11.56 EPS for the current fiscal year.

Analyst Ratings Changes

GTLS has been the subject of a number of research analyst reports. TD Cowen lifted their target price on Chart Industries from $260.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Bank of America boosted their price target on Chart Industries from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Morgan Stanley started coverage on Chart Industries in a research report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 price target for the company. The Goldman Sachs Group boosted their price target on Chart Industries from $150.00 to $168.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Finally, Barclays started coverage on Chart Industries in a research report on Wednesday, May 8th. They issued an “equal weight” rating and a $193.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Chart Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.83.

Chart Industries 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.