Louisiana State Employees Retirement System Takes Position in Chart Industries, Inc. $GTLS

Louisiana State Employees Retirement System purchased a new stake in Chart Industries, Inc. (NYSE:GTLS) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,000 shares of the industrial products company’s stock, valued at approximately $2,688,000.

Several other large investors have also modified their holdings of GTLS. AQR Capital Management LLC lifted its stake in Chart Industries by 39.0% during the first quarter. AQR Capital Management LLC now owns 26,089 shares of the industrial products company’s stock worth $3,694,000 after purchasing an additional 7,314 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Chart Industries by 7.8% during the 2nd quarter. California Public Employees Retirement System now owns 75,645 shares of the industrial products company’s stock valued at $12,455,000 after purchasing an additional 5,443 shares during the period. Sei Investments Co. raised its position in Chart Industries by 0.7% in the second quarter. Sei Investments Co. now owns 77,117 shares of the industrial products company’s stock worth $12,697,000 after acquiring an additional 540 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Chart Industries by 8.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,392 shares of the industrial products company’s stock valued at $8,626,000 after acquiring an additional 4,129 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Chart Industries by 55.9% in the second quarter. Alliancebernstein L.P. now owns 138,663 shares of the industrial products company’s stock worth $22,831,000 after buying an additional 49,715 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GTLS shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research note on Wednesday. Wall Street Zen raised Chart Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Finally, Zacks Research lowered Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Eleven analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $201.80.

Chart Industries Stock Performance

Shares of GTLS stock opened at $208.66 on Monday. Chart Industries, Inc. has a one year low of $160.41 and a one year high of $209.13. The stock has a 50-day moving average of $207.66 and a 200-day moving average of $207.17. The stock has a market cap of $9.99 billion, a PE ratio of 802.55, a price-to-earnings-growth ratio of 1.23 and a beta of 1.53. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21.

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.