Teachers Retirement System of The State of Kentucky Boosts Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Teachers Retirement System of The State of Kentucky increased its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 6.2% in the 4th quarter, HoldingsChannel reports. The firm owned 26,821 shares of the industrial products company’s stock after purchasing an additional 1,557 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Chart Industries were worth $3,657,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Chart Industries during the fourth quarter worth about $57,415,000. Federated Hermes Inc. grew its position in Chart Industries by 83.9% during the third quarter. Federated Hermes Inc. now owns 592,238 shares of the industrial products company’s stock worth $100,159,000 after buying an additional 270,133 shares during the period. Gates Capital Management Inc. grew its position in Chart Industries by 50.5% during the fourth quarter. Gates Capital Management Inc. now owns 677,206 shares of the industrial products company’s stock worth $92,323,000 after buying an additional 227,280 shares during the period. Intrinsic Edge Capital Management LLC acquired a new position in Chart Industries during the fourth quarter worth about $27,672,000. Finally, Nordea Investment Management AB grew its position in Chart Industries by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company’s stock worth $268,088,000 after buying an additional 101,404 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GTLS. Stifel Nicolaus lowered their target price on shares of Chart Industries from $224.00 to $220.00 and set a “buy” rating on the stock in a research report on Monday, May 6th. The Goldman Sachs Group increased their price target on shares of Chart Industries from $150.00 to $168.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. TD Cowen increased their price target on shares of Chart Industries from $260.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Wells Fargo & Company increased their price target on shares of Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Finally, Barclays began coverage on shares of Chart Industries in a research report on Wednesday, May 8th. They issued an “equal weight” rating and a $193.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.57.

Chart Industries Stock Performance

Shares of GTLS stock opened at $142.32 on Wednesday. The company’s fifty day simple moving average is $151.50 and its 200-day simple moving average is $141.00. Chart Industries, Inc. has a 52 week low of $109.48 and a 52 week high of $184.65. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The company has a market cap of $6.09 billion, a PE ratio of 142.38, a P/E/G ratio of 0.39 and a beta of 1.72.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, May 3rd. The industrial products company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.39). Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The business had revenue of $950.70 million during the quarter, compared to analysts’ expectations of $970.91 million. During the same period in the prior year, the business posted $1.41 EPS. The business’s revenue was up 76.7% on a year-over-year basis. As a group, equities research analysts anticipate that Chart Industries, Inc. will post 11.94 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.