California Public Employees Retirement System cut its position in Chart Industries, Inc. (NASDAQ:GTLS) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,005 shares of the industrial products company’s stock after selling 4,340 shares during the quarter. California Public Employees Retirement System owned about 0.22% of Chart Industries worth $4,422,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its stake in shares of Chart Industries by 699.8% in the fourth quarter. First Trust Advisors LP now owns 61,596 shares of the industrial products company’s stock valued at $4,006,000 after buying an additional 53,895 shares in the last quarter. Piedmont Investment Advisors Inc. grew its stake in shares of Chart Industries by 3.8% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 7,478 shares of the industrial products company’s stock valued at $486,000 after buying an additional 276 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new position in shares of Chart Industries in the fourth quarter valued at $772,000. Comerica Bank grew its stake in shares of Chart Industries by 1.0% in the fourth quarter. Comerica Bank now owns 42,693 shares of the industrial products company’s stock valued at $3,094,000 after buying an additional 428 shares in the last quarter. Finally, Silvant Capital Management LLC bought a new position in shares of Chart Industries in the fourth quarter valued at $184,000.
In other Chart Industries news, Director W Douglas Brown sold 8,500 shares of Chart Industries stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $84.84, for a total transaction of $721,140.00. Following the completion of the transaction, the director now directly owns 9,966 shares of the company’s stock, valued at $845,515.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.60% of the company’s stock.
GTLS stock opened at $90.85 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.80 and a quick ratio of 1.17. Chart Industries, Inc. has a one year low of $56.14 and a one year high of $91.25. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 44.98 and a beta of 1.17.
Chart Industries (NASDAQ:GTLS) last released its quarterly earnings data on Thursday, February 14th. The industrial products company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.07. Chart Industries had a net margin of 7.57% and a return on equity of 8.42%. The firm had revenue of $290.10 million during the quarter, compared to analysts’ expectations of $283.50 million. During the same period in the previous year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chart Industries, Inc. will post 2.75 earnings per share for the current fiscal year.
Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Chart Industries from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. Lake Street Capital raised their target price on shares of Chart Industries to $109.00 and gave the company a “buy” rating in a research note on Friday, February 15th. ValuEngine raised shares of Chart Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 15th. Gabelli cut shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. Finally, BidaskClub raised shares of Chart Industries from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 13th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. Chart Industries has an average rating of “Buy” and an average target price of $86.31.
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About Chart Industries
Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.
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