Teachers Retirement System of The State of Kentucky Grows Holdings in Chart Industries, Inc. (NYSE:GTLS)

Teachers Retirement System of The State of Kentucky increased its position in Chart Industries, Inc. (NYSE:GTLS) by 7.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,785 shares of the industrial products company’s stock after acquiring an additional 2,211 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.07% of Chart Industries worth $3,822,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its holdings in Chart Industries by 3.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock valued at $270,000 after buying an additional 64 shares in the last quarter. Lifestyle Asset Management Inc. purchased a new stake in Chart Industries during the 2nd quarter valued at approximately $288,000. Central Bank & Trust Co. purchased a new stake in Chart Industries during the 2nd quarter valued at approximately $86,000. Paradiem LLC purchased a new stake in Chart Industries during the 2nd quarter valued at approximately $584,000. Finally, Canton Hathaway LLC bought a new position in shares of Chart Industries during the 2nd quarter valued at approximately $101,000.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $197.79 on Friday. The firm has a market cap of $8.47 billion, a P/E ratio of 57.33, a P/E/G ratio of 1.01 and a beta of 1.86. The company has a current ratio of 1.27, a quick ratio of 1.00 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 stock’s fifty day moving average price is $157.96 and its 200-day moving average price is $142.78.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results 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 firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.28 EPS. On average, equities research analysts expect that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Morgan Stanley upgraded 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. Craig Hallum increased their target price on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Bank of America lowered their target price on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Stifel Nicolaus increased their target price on Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Barclays lowered their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Three 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $178.82.

Insider Activity

In related news, Director Linda S. Harty bought 5,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were bought at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $240,250. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.95% of the company’s stock.

Chart Industries 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.