Chart Industries, Inc. $GTLS Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 83.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,963 shares of the industrial products company’s stock after selling 72,940 shares during the period. New York State Common Retirement Fund’s holdings in Chart Industries were worth $2,995,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Allworth Financial LP boosted its position in Chart Industries by 74.5% during the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 70 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Chart Industries by 93.0% during the 2nd quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after buying an additional 93 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Chart Industries by 44.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock worth $53,000 after buying an additional 100 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new stake in shares of Chart Industries in the 2nd quarter worth about $54,000. Finally, Mather Group LLC. acquired a new stake in Chart Industries in the 3rd quarter valued at about $93,000.

Chart Industries Stock Performance

Shares of GTLS opened at $207.50 on Friday. Chart Industries, Inc. has a 1 year low of $104.60 and a 1 year high of $208.24. The company’s 50 day simple moving average is $206.38 and its 200 day simple moving average is $201.48. The company has a market capitalization of $9.33 billion, a price-to-earnings ratio of 253.05, a PEG ratio of 0.79 and a beta of 1.75. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.15 and a current ratio of 1.40.

Wall Street Analysts Forecast Growth

GTLS has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on shares of Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Chart Industries presently has a consensus rating of “Hold” and a consensus target price of $206.00.

About Chart Industries

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.