State of Alaska Department of Revenue Increases Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

State of Alaska Department of Revenue boosted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 2.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,928 shares of the industrial products company’s stock after acquiring an additional 130 shares during the quarter. State of Alaska Department of Revenue’s holdings in Chart Industries were worth $711,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GTLS. Capital Analysts LLC purchased a new position in shares of Chart Industries in the 4th quarter valued at about $25,000. Smartleaf Asset Management LLC boosted its stake in shares of Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after buying an additional 92 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Chart Industries during the 1st quarter worth about $25,000. Fairway Wealth LLC acquired a new stake in shares of Chart Industries during the 4th quarter worth about $34,000. Finally, Lindbrook Capital LLC raised its position in shares of Chart Industries by 43.4% during the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 69 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on GTLS shares. Wells Fargo & Company cut their target price on Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 1st. The Goldman Sachs Group set a $180.00 target price on Chart Industries and gave the stock a “neutral” rating in a research report on Wednesday, May 28th. Barclays raised their target price on Chart Industries from $160.00 to $171.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. Stifel Nicolaus cut their target price on Chart Industries from $231.00 to $214.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Finally, Morgan Stanley cut their target price on Chart Industries from $250.00 to $225.00 and set an “overweight” rating on the stock in a research report on Friday, May 16th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $200.00.

Chart Industries Trading Up 3.5%

GTLS opened at $168.05 on Friday. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 0.66 and a beta of 1.71. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The business’s 50 day moving average is $151.76 and its two-hundred day moving average is $167.77. The company has a quick ratio of 1.21, a current ratio of 1.51 and a debt-to-equity ratio of 1.18.

Chart Industries (NYSE:GTLS) last released its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.02. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. Chart Industries had a return on equity of 13.93% and a net margin of 5.93%. The company’s revenue for the quarter was up 38.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 earnings per share. On average, research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

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.