Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lessened its position in Chart Industries, Inc. (NYSE:GTLS) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,700 shares of the industrial products company’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Chart Industries were worth $1,452,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Chart Industries in the 1st quarter worth about $30,000. UMB Bank n.a. increased its holdings in shares of Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 255 shares during the period. Byrne Asset Management LLC acquired a new stake in shares of Chart Industries in the 2nd quarter worth about $40,000. Ecofi Investissements SA acquired a new stake in shares of Chart Industries in the 2nd quarter worth about $50,000. Finally, Covestor Ltd grew its position in Chart Industries by 509.8% in the 1st quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock valued at $61,000 after buying an additional 311 shares in the last quarter.

Chart Industries Stock Performance

Shares of GTLS opened at $120.51 on Friday. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $171.68. The company has a 50-day moving average of $121.42 and a two-hundred day moving average of $137.31. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 58.79, a PEG ratio of 0.57 and a beta of 1.70. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.98.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.57 by ($0.39). Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the business earned $1.19 earnings per share. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, equities research analysts expect that Chart Industries, Inc. will post 9.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on GTLS shares. The Goldman Sachs Group decreased their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price for the company in a research report on Monday, September 16th. Barclays decreased their target price on shares of Chart Industries from $147.00 to $146.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 16th. Craig Hallum decreased their target price on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Finally, Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Chart Industries has an average rating of “Moderate Buy” and an average target price of $178.00.

Insiders Place Their Bets

In other news, Director Linda S. Harty bought 5,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was bought at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at $240,250. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Linda S. Harty purchased 5,000 shares of Chart Industries stock in a transaction dated Monday, September 16th. The stock was acquired at an average cost of $48.05 per share, with a total value of $240,250.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $240,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jillian C. Evanko purchased 440 shares of Chart Industries stock in a transaction dated Thursday, September 5th. The stock was bought at an average cost of $114.31 per share, with a total value of $50,296.40. Following the completion of the transaction, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 7,152 shares of company stock worth $482,278 over the last ninety days. 0.95% of the stock is currently owned by company insiders.

About Chart Industries

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.