Arizona State Retirement System Acquires 99 Shares of Chart Industries, Inc. (NYSE:GTLS)

Arizona State Retirement System lifted its holdings in Chart Industries, Inc. (NYSE:GTLS) by 0.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,424 shares of the industrial products company’s stock after purchasing an additional 99 shares during the period. Arizona State Retirement System’s holdings in Chart Industries were worth $2,371,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. National Bank of Canada FI raised its stake in Chart Industries by 328.7% during the 3rd quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock worth $839,000 after acquiring an additional 5,181 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in Chart Industries by 248.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock worth $2,744,000 after acquiring an additional 15,862 shares during the period. Fisher Asset Management LLC raised its stake in 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 worth $73,551,000 after acquiring an additional 13,181 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. raised its stake in Chart Industries by 26.7% during the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock worth $1,813,000 after acquiring an additional 2,000 shares during the period. Finally, Premier Fund Managers Ltd bought a new stake in Chart Industries during the 3rd quarter worth approximately $733,000.

Chart Industries Trading Down 4.8 %

GTLS stock opened at $142.52 on Tuesday. The firm has a fifty day moving average price of $195.29 and a 200 day moving average price of $165.29. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The firm has a market cap of $6.51 billion, a PE ratio of 41.31, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the business posted $2.25 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. Sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GTLS has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their target price on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. 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. Barclays lifted their price objective on shares of Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. The Goldman Sachs Group lifted their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Finally, TD Cowen lifted their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $194.08.

Insiders Place Their Bets

In other news, CEO Jillian C. Evanko acquired 350 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of $150.35 per share, with a total value of $52,622.50. Following the completion of the purchase, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at $20,698,083.10. This represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.95% of the stock is owned by 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.