Teachers Retirement System of The State of Kentucky Has $4.71 Million Stake in Chart Industries, Inc. (NYSE:GTLS)

Teachers Retirement System of The State of Kentucky grew its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 6.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,574 shares of the industrial products company’s stock after acquiring an additional 1,753 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.07% of Chart Industries worth $4,707,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Chart Industries in the first quarter valued at approximately $30,000. Spire Wealth Management increased its stake in shares of Chart Industries by 141.0% in the first quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock valued at $33,000 after buying an additional 117 shares during the period. Cape Investment Advisory Inc. acquired a new position in shares of Chart Industries in the fourth quarter valued at approximately $33,000. Rise Advisors LLC increased its stake in shares of Chart Industries by 905.0% in the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $33,000 after buying an additional 181 shares during the period. Finally, Covestor Ltd increased its stake in shares of Chart Industries by 509.8% in the first quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock valued at $61,000 after buying an additional 311 shares during the period.

Chart Industries Trading Down 18.1 %

Shares of Chart Industries stock traded down $27.84 on Friday, reaching $126.01. 2,100,275 shares of the company’s stock were exchanged, compared to its average volume of 489,984. The company has a market capitalization of $5.39 billion, a P/E ratio of 126.13, a price-to-earnings-growth ratio of 0.44 and a beta of 1.74. Chart Industries, Inc. has a 52 week low of $109.48 and a 52 week high of $184.65. The firm’s 50-day moving average is $149.82 and its two-hundred day moving average is $145.39. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.25.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the business earned $1.19 earnings per share. Chart Industries’s revenue for the quarter was up 14.5% on a year-over-year basis. Sell-side analysts predict that Chart Industries, Inc. will post 11.56 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on GTLS. TD Cowen upped their price objective on Chart Industries from $260.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, May 6th. The Goldman Sachs Group increased their target price 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. Stifel Nicolaus decreased their target price on shares of Chart Industries from $224.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, May 6th. Morgan Stanley assumed coverage on shares of Chart Industries in a research report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 target price for the company. Finally, Piper Sandler increased their target price on shares of Chart Industries from $151.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $195.83.

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.