Teacher Retirement System of Texas Sells 2,578 Shares of Chart Industries, Inc. $GTLS

Teacher Retirement System of Texas lowered its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 21.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,521 shares of the industrial products company’s stock after selling 2,578 shares during the quarter. Teacher Retirement System of Texas’ holdings in Chart Industries were worth $1,906,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Allworth Financial LP raised its stake in shares of Chart Industries by 74.5% during the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock worth $27,000 after buying an additional 70 shares during the last quarter. Bessemer Group Inc. grew its holdings in Chart Industries by 93.0% during the 2nd quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 93 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Chart Industries by 44.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 100 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of Chart Industries in the 2nd quarter valued at $54,000. Finally, Mather Group LLC. acquired a new position in shares of Chart Industries in the 3rd quarter valued at $93,000.

Chart Industries Stock Up 0.1%

Shares of Chart Industries stock opened at $207.36 on Friday. The firm has a market cap of $9.32 billion, a PE ratio of 252.88, a P/E/G ratio of 0.79 and a beta of 1.74. The business’s 50 day simple moving average is $206.03 and its 200 day simple moving average is $199.92. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.15 and a current ratio of 1.40. Chart Industries, Inc. has a 52-week low of $104.60 and a 52-week high of $216.44.

Chart Industries (NYSE:GTLS) last announced its earnings results on Wednesday, October 29th. The industrial products company reported $2.78 EPS for the quarter, missing the consensus estimate of $3.02 by ($0.24). Chart Industries had a return on equity of 14.17% and a net margin of 1.55%.The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the company posted $2.18 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on GTLS. JPMorgan Chase & Co. increased their target price on Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $206.00.

About Chart Industries

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.