State of Alaska Department of Revenue Reduces Position in Chart Industries, Inc. (NYSE:GTLS)

State of Alaska Department of Revenue lessened its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,798 shares of the industrial products company’s stock after selling 70 shares during the quarter. State of Alaska Department of Revenue’s holdings in Chart Industries were worth $915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. King Luther Capital Management Corp boosted its stake in shares of Chart Industries by 2.9% during the 3rd quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock worth $128,100,000 after acquiring an additional 29,139 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Chart Industries by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock valued at $123,318,000 after buying an additional 19,534 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Chart Industries by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after buying an additional 32,442 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Chart Industries by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock valued at $73,551,000 after buying an additional 13,181 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Chart Industries by 90.9% during the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after buying an additional 262,592 shares in the last quarter.

Chart Industries Stock Performance

Chart Industries stock opened at $193.96 on Friday. The company’s 50-day moving average price is $200.49 and its 200-day moving average price is $158.59. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The company has a market cap of $8.30 billion, a PE ratio of 56.22, a price-to-earnings-growth ratio of 0.60 and a beta of 1.84.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GTLS. Raymond James restated a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a research note on Monday, December 2nd. Craig Hallum lifted their target price on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Barclays lowered their target price on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Stifel Nicolaus lifted their target price on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Finally, BTIG Research lifted their target price on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Chart Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.54.

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.