Retirement Systems of Alabama Has $14.26 Million Holdings in Chart Industries, Inc. (NYSE:GTLS)

Retirement Systems of Alabama increased its holdings in Chart Industries, Inc. (NYSE:GTLS) by 0.9% during the third quarter, HoldingsChannel reports. The fund owned 114,841 shares of the industrial products company’s stock after acquiring an additional 996 shares during the quarter. Retirement Systems of Alabama’s holdings in Chart Industries were worth $14,256,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Chart Industries in the 3rd quarter worth about $34,000. UMB Bank n.a. raised 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 last quarter. 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, Mendota Financial Group LLC raised its holdings in shares of Chart Industries by 46.2% in the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 203 shares during the last quarter.

Analyst Ratings Changes

Several research firms have commented on GTLS. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a research note on Monday, September 16th. Bank of America decreased their price objective on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Wells Fargo & Company decreased their price objective on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Raymond James reiterated a “strong-buy” rating and issued a $190.00 price objective on shares of Chart Industries in a research note on Monday, December 2nd. Finally, The Goldman Sachs Group decreased their price objective on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $178.82.

Chart Industries Trading Up 0.0 %

Shares of GTLS stock opened at $197.87 on Monday. The company has a 50 day moving average of $157.96 and a 200-day moving average of $142.63. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $201.10. The firm has a market cap of $8.47 billion, a P/E ratio of 57.35, a PEG ratio of 1.01 and a beta of 1.86.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period last year, the business posted $1.28 earnings per share. Sell-side analysts anticipate that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

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.