Strs Ohio Sells 1,400 Shares of Chart Industries, Inc. (NYSE:GTLS)

Strs Ohio lowered its holdings in Chart Industries, Inc. (NYSE:GTLS) by 7.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 17,300 shares of the industrial products company’s stock after selling 1,400 shares during the period. Strs Ohio’s holdings in Chart Industries were worth $2,358,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. KB Financial Partners LLC acquired a new stake in shares of Chart Industries in the first quarter valued at approximately $28,000. Belpointe Asset Management LLC increased its stake in shares of Chart Industries by 164.6% in the 1st quarter. Belpointe Asset Management LLC now owns 217 shares of the industrial products company’s stock valued at $27,000 after buying an additional 135 shares during the period. Moisand Fitzgerald Tamayo LLC raised its position in shares of Chart Industries by 645.2% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 231 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 200 shares during the last quarter. Mendota Financial Group LLC acquired a new position in shares of Chart Industries during the fourth quarter valued at $77,000. Finally, ICA Group Wealth Management LLC bought a new position in Chart Industries in the fourth quarter valued at about $73,000.

Chart Industries Stock Performance

GTLS stock opened at $148.00 on Friday. Chart Industries, Inc. has a 1-year low of $106.66 and a 1-year high of $184.65. 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 market cap of $6.22 billion, a PE ratio of 389.47, a P/E/G ratio of 0.41 and a beta of 1.70. The business’s 50-day moving average price is $146.06 and its two-hundred day moving average price is $136.72.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data 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 return on equity of 9.27% and a net margin of 1.00%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the business posted $1.67 EPS. Chart Industries’s revenue for the quarter was up 130.0% on a year-over-year basis. As a group, research analysts forecast that Chart Industries, Inc. will post 11.79 earnings per share for the current year.

Wall Street Analyst Weigh In

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

About Chart Industries

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.