Chart Industries, Inc. $GTLS Stock Position Raised by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its stake in Chart Industries, Inc. (NYSE:GTLS) by 2.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,048 shares of the industrial products company’s stock after acquiring an additional 120 shares during the period. State of Alaska Department of Revenue’s holdings in Chart Industries were worth $831,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in GTLS. Wealth Enhancement Advisory Services LLC bought a new position in shares of Chart Industries in the 4th quarter valued at approximately $581,000. UMB Bank n.a. raised its stake in shares of Chart Industries by 86.5% in the 1st quarter. UMB Bank n.a. now owns 537 shares of the industrial products company’s stock valued at $78,000 after acquiring an additional 249 shares in the last quarter. Wesbanco Bank Inc. raised its stake in shares of Chart Industries by 15.2% in the 1st quarter. Wesbanco Bank Inc. now owns 17,970 shares of the industrial products company’s stock valued at $2,594,000 after acquiring an additional 2,370 shares in the last quarter. Pallas Capital Advisors LLC raised its stake in shares of Chart Industries by 7.2% in the 1st quarter. Pallas Capital Advisors LLC now owns 20,247 shares of the industrial products company’s stock valued at $2,923,000 after acquiring an additional 1,357 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Chart Industries by 118.6% in the 1st quarter. GAMMA Investing LLC now owns 1,270 shares of the industrial products company’s stock valued at $183,000 after acquiring an additional 689 shares in the last quarter.

Chart Industries Price Performance

Shares of NYSE:GTLS opened at $199.97 on Tuesday. Chart Industries, Inc. has a 1-year low of $104.60 and a 1-year high of $220.03. The firm has a market capitalization of $8.99 billion, a PE ratio of 37.17, a PEG ratio of 1.16 and a beta of 1.71. The business’s 50 day moving average is $199.15 and its 200-day moving average is $168.12. The company has a current ratio of 1.55, a quick ratio of 1.27 and a debt-to-equity ratio of 1.04.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.03). Chart Industries had a return on equity of 13.71% and a net margin of 6.29%.The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. Sell-side analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GTLS. Lake Street Capital downgraded Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 price objective on the stock. in a research note on Wednesday, July 30th. BTIG Research downgraded Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Citigroup downgraded Chart Industries from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Johnson Rice downgraded Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 price target on the stock. in a research report on Wednesday, July 30th. Finally, Cowen downgraded Chart Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Four analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, Chart Industries presently has an average rating of “Hold” and an average target price of $202.00.

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.