Retirement Systems of Alabama Boosts Holdings in Chart Industries, Inc. (NYSE:GTLS)

Retirement Systems of Alabama lifted its stake in Chart Industries, Inc. (NYSE:GTLS) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,144 shares of the industrial products company’s stock after buying an additional 6,165 shares during the period. Retirement Systems of Alabama owned approximately 0.26% of Chart Industries worth $14,880,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mendota Financial Group LLC acquired a new stake in Chart Industries during the 4th quarter worth $77,000. Sentry Investment Management LLC acquired a new stake in Chart Industries during the 4th quarter worth $123,000. CIBC Asset Management Inc acquired a new stake in Chart Industries during the 3rd quarter worth $200,000. Horizon Family Wealth Inc. acquired a new stake in shares of Chart Industries in the 3rd quarter worth $200,000. Finally, Journey Strategic Wealth LLC acquired a new stake in shares of Chart Industries in the 3rd quarter worth $203,000.

Chart Industries Stock Performance

NYSE:GTLS opened at $145.14 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 1.22. The firm has a 50-day moving average price of $149.12 and a two-hundred day moving average price of $136.12. Chart Industries, Inc. has a twelve month low of $106.66 and a twelve month high of $184.65. The company has a market capitalization of $6.10 billion, a P/E ratio of 381.95, a price-to-earnings-growth ratio of 0.41 and a beta of 1.70.

Chart Industries (NYSE:GTLS) last posted its earnings results on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.12. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm posted $1.67 EPS. The firm’s revenue for the quarter was up 130.0% on a year-over-year basis. As a group, research analysts expect that Chart Industries, Inc. will post 11.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on GTLS. Morgan Stanley began coverage on shares of Chart Industries in a research note on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 target price for the company. UBS Group upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and raised their target price for the stock from $152.00 to $170.00 in a research note on Tuesday, March 19th. Raymond James upgraded shares of Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 target price for the company in a research note on Thursday, January 4th. Wells Fargo & Company raised their target price on shares of Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Finally, TD Cowen raised their target price on shares of Chart Industries from $230.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chart Industries presently has a consensus rating of “Moderate Buy” and an average price target of $194.85.

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.