New York State Common Retirement Fund Sells 37,001 Shares of Chart Industries, Inc. (NYSE:GTLS)

New York State Common Retirement Fund lessened its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 33.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 73,298 shares of the industrial products company’s stock after selling 37,001 shares during the period. New York State Common Retirement Fund’s holdings in Chart Industries were worth $9,993,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Mendota Financial Group LLC purchased a new position in shares of Chart Industries during the fourth quarter valued at approximately $77,000. Sentry Investment Management LLC purchased a new position in Chart Industries during the 4th quarter worth $123,000. CIBC Asset Management Inc bought a new stake in shares of Chart Industries in the 3rd quarter worth $200,000. Horizon Family Wealth Inc. purchased a new stake in shares of Chart Industries in the third quarter valued at about $200,000. Finally, Journey Strategic Wealth LLC bought a new position in shares of Chart Industries during the third quarter valued at about $203,000.

Chart Industries Price Performance

Shares of NYSE:GTLS opened at $145.14 on Thursday. The company 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 quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $6.10 billion, a PE ratio of 380.84, a P/E/G ratio of 0.41 and a beta of 1.70.

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 analysts’ consensus estimates of $2.13 by $0.12. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.09 billion. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. Chart Industries’s revenue was up 130.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 EPS. Equities analysts forecast that Chart Industries, Inc. will post 11.98 EPS for the current year.

Wall Street Analysts Forecast Growth

GTLS has been the subject of a number of recent analyst reports. TD Cowen upped their price objective on shares of Chart Industries from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. UBS Group raised 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 report on Tuesday, March 19th. Wells Fargo & Company lifted their price target on Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. 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 research report on Thursday, January 4th. Finally, Morgan Stanley initiated coverage on shares of Chart Industries in a report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Chart Industries has an average rating of “Moderate Buy” and a consensus price target of $194.85.

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.