California Public Employees Retirement System Lowers Stock Holdings in Chart Industries, Inc. $GTLS

California Public Employees Retirement System cut its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 18.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,987 shares of the industrial products company’s stock after selling 15,645 shares during the period. California Public Employees Retirement System owned about 0.14% of Chart Industries worth $14,263,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Millennium Management LLC grew its position in shares of Chart Industries by 94.9% in the 4th quarter. Millennium Management LLC now owns 1,586,588 shares of the industrial products company’s stock worth $327,202,000 after buying an additional 772,723 shares during the last quarter. FIL Ltd increased its position in shares of Chart Industries by 7.2% during the fourth quarter. FIL Ltd now owns 1,315,500 shares of the industrial products company’s stock worth $271,296,000 after purchasing an additional 88,000 shares in the last quarter. UBS Group AG lifted its holdings in shares of Chart Industries by 76.9% during the 4th quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock valued at $243,550,000 after purchasing an additional 513,195 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Chart Industries by 62.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,155,240 shares of the industrial products company’s stock valued at $238,245,000 after purchasing an additional 442,650 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Chart Industries in the 4th quarter worth $237,827,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Wednesday, June 24th. Wall Street Zen raised shares of Chart Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Finally, Zacks Research cut shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Ten investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Chart Industries has a consensus rating of “Reduce” and an average price target of $210.00.

Chart Industries Price Performance

Chart Industries stock opened at $209.90 on Friday. Chart Industries, Inc. has a twelve month low of $163.23 and a twelve month high of $209.96. The stock’s fifty day simple moving average is $208.39 and its 200-day simple moving average is $207.66. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $10.05 billion, a P/E ratio of -201.82, a P/E/G ratio of 1.24 and a beta of 1.53.

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.