Teachers Retirement System of The State of Kentucky Buys Shares of 20,129 Chart Industries, Inc. (NYSE:GTLS)

Teachers Retirement System of The State of Kentucky bought a new stake in Chart Industries, Inc. (NYSE:GTLS – Get Rating) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,129 shares of the industrial products company’s stock, valued at approximately $3,711,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its stake in Chart Industries by 121.2% in the third quarter. Quadrant Capital Group LLC now owns 292 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 160 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of Chart Industries in the second quarter worth $57,000. Blueshift Asset Management LLC acquired a new stake in shares of Chart Industries in the third quarter worth $299,000. Amalgamated Bank lifted its stake in shares of Chart Industries by 2.2% in the third quarter. Amalgamated Bank now owns 25,094 shares of the industrial products company’s stock worth $4,626,000 after buying an additional 550 shares during the last quarter. Finally, Algert Global LLC lifted its stake in shares of Chart Industries by 351.5% in the third quarter. Algert Global LLC now owns 6,998 shares of the industrial products company’s stock worth $1,290,000 after buying an additional 5,448 shares during the last quarter.

Chart Industries Trading Down 12.4 %

Shares of Chart Industries stock opened at $102.94 on Friday. The firm has a market capitalization of $4.40 billion, a PE ratio of 180.60 and a beta of 1.46. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.41 and a quick ratio of 3.08. The company’s fifty day moving average price is $131.99 and its two-hundred day moving average price is $154.44. Chart Industries, Inc. has a 52-week low of $101.44 and a 52-week high of $242.59.

Chart Industries (NYSE:GTLS – Get Rating) last announced its quarterly earnings results on Friday, February 24th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.03. The firm had revenue of $441.40 million for the quarter, compared to analyst estimates of $490.88 million. Chart Industries had a net margin of 1.40% and a return on equity of 7.84%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS. On average, analysts expect that Chart Industries, Inc. will post 6.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GTLS shares. TheStreet cut shares of Chart Industries from a “b-” rating to a “c” rating in a research note on Friday, February 24th. Raymond James raised shares of Chart Industries from a “market perform” rating to a “strong-buy” rating and set a $160.00 target price on the stock in a research report on Wednesday, January 4th. Craig Hallum dropped their target price on shares of Chart Industries from $249.00 to $205.00 and set a “buy” rating on the stock in a research report on Monday, February 13th. The Goldman Sachs Group lowered shares of Chart Industries from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $259.00 to $150.00 in a research report on Tuesday, November 22nd. Finally, Citigroup dropped their target price on shares of Chart Industries from $196.00 to $170.00 and set a “buy” rating on the stock in a research report on Tuesday, November 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chart Industries currently has an average rating of “Moderate Buy” and a consensus price target of $193.60.

About Chart Industries

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Chart Industries, Inc engages in the manufacturing of engineered equipment for the industrial gas, energy, and biomedical industries. It operates through the following business segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing, and Corporate. The Cryo Tank Solutions segment supplies bulk, microbulk, and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases.