Louisiana State Employees Retirement System Takes $1.61 Million Position in Chart Industries, Inc. (NYSE:GTLS)

Louisiana State Employees Retirement System purchased a new position in shares of Chart Industries, Inc. (NYSE:GTLS) in the fourth quarter, Holdings Channel.com reports. The fund purchased 11,800 shares of the industrial products company’s stock, valued at approximately $1,609,000.

A number of other institutional investors also recently modified their holdings of the business. Capital World Investors raised its holdings in shares of Chart Industries by 16.1% during the 1st quarter. Capital World Investors now owns 4,402,819 shares of the industrial products company’s stock worth $756,272,000 after buying an additional 609,148 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Chart Industries by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company’s stock worth $268,088,000 after buying an additional 101,404 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Chart Industries by 63.1% during the 1st quarter. Wellington Management Group LLP now owns 1,339,412 shares of the industrial products company’s stock worth $230,071,000 after buying an additional 517,951 shares in the last quarter. State Street Corp raised its holdings in shares of Chart Industries by 1.7% during the 3rd quarter. State Street Corp now owns 1,153,477 shares of the industrial products company’s stock worth $212,643,000 after buying an additional 19,413 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Chart Industries by 6.5% during the 1st quarter. Invesco Ltd. now owns 1,127,603 shares of the industrial products company’s stock worth $193,688,000 after buying an additional 69,149 shares in the last quarter.

Chart Industries Trading Down 0.4 %

NYSE GTLS opened at $148.00 on Friday. The business’s 50-day moving average price is $146.06 and its two-hundred day moving average price is $136.72. Chart Industries, Inc. has a 12 month low of $106.66 and a 12 month high of $184.65. The firm has a market capitalization of $6.22 billion, a PE ratio of 389.47, a price-to-earnings-growth ratio of 0.41 and a beta of 1.70. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 1.22.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.12. Chart Industries had a return on equity of 9.27% and a net margin of 1.00%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the company posted $1.67 EPS. The business’s revenue was up 130.0% on a year-over-year basis. On average, analysts expect that Chart Industries, Inc. will post 11.79 EPS for the current year.

Wall Street Analysts Forecast Growth

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