New York State Common Retirement Fund Has $9.99 Million Stake in Chart Industries, Inc. (NYSE:GTLS)

New York State Common Retirement Fund trimmed its position in Chart Industries, Inc. (NYSE:GTLS) by 33.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,298 shares of the industrial products company’s stock after selling 37,001 shares during the period. New York State Common Retirement Fund owned approximately 0.17% of Chart Industries worth $9,993,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of GTLS. Nordea Investment Management AB increased its stake in Chart Industries by 5.5% in the 4th quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company’s stock valued at $268,088,000 after buying an additional 101,404 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Chart Industries by 0.4% in the 4th quarter. Federated Hermes Inc. now owns 594,389 shares of the industrial products company’s stock valued at $81,033,000 after acquiring an additional 2,151 shares in the last quarter. Northern Trust Corp increased its position in shares of Chart Industries by 3.2% in the third quarter. Northern Trust Corp now owns 567,860 shares of the industrial products company’s stock valued at $96,036,000 after acquiring an additional 17,681 shares during the last quarter. Scout Investments Inc. boosted its position in Chart Industries by 19.1% during the third quarter. Scout Investments Inc. now owns 555,921 shares of the industrial products company’s stock valued at $92,655,000 after purchasing an additional 89,141 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Chart Industries by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 455,506 shares of the industrial products company’s stock valued at $77,035,000 after purchasing an additional 14,616 shares in the last quarter.

Chart Industries Stock Performance

NYSE:GTLS opened at $145.14 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 1.22. The stock has a 50 day simple moving average of $149.12 and a 200 day simple moving average of $136.12. Chart Industries, Inc. has a 1-year low of $106.66 and a 1-year high of $184.65. The stock has a market cap of $6.10 billion, a P/E ratio of 380.84, a PEG ratio of 0.41 and a beta of 1.70.

Chart Industries (NYSE:GTLS) last announced its earnings results on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.12. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the business posted $1.67 earnings per share. Chart Industries’s quarterly revenue was up 130.0% on a year-over-year basis. Research analysts anticipate that Chart Industries, Inc. will post 11.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GTLS. Raymond James upgraded Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 price objective on the stock in a research note on Thursday, January 4th. UBS Group upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and increased their price target for the company from $152.00 to $170.00 in a research note on Tuesday, March 19th. Morgan Stanley assumed coverage on shares of Chart Industries in a report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 target price on the stock. Wells Fargo & Company lifted their price target on Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Finally, TD Cowen boosted their price target on Chart Industries from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Chart Industries currently has an average rating of “Moderate Buy” and an average target price of $194.85.

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.