Retirement Systems of Alabama Lowers Position in Chart Industries, Inc. $GTLS

Retirement Systems of Alabama cut its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 25.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,789 shares of the industrial products company’s stock after selling 27,285 shares during the quarter. Retirement Systems of Alabama owned about 0.18% of Chart Industries worth $16,249,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GTLS. IFP Advisors Inc lifted its position in Chart Industries by 4.2% during the third quarter. IFP Advisors Inc now owns 1,474 shares of the industrial products company’s stock valued at $302,000 after buying an additional 59 shares during the period. Savant Capital LLC grew its position in shares of Chart Industries by 2.0% in the 3rd quarter. Savant Capital LLC now owns 3,584 shares of the industrial products company’s stock worth $717,000 after buying an additional 70 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Chart Industries by 95.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 71 shares in the last quarter. Linden Thomas Advisory Services LLC increased its stake in shares of Chart Industries by 1.7% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 4,325 shares of the industrial products company’s stock worth $866,000 after acquiring an additional 73 shares in the last quarter. Finally, CI Investments Inc. lifted its position in Chart Industries by 36.9% during the 3rd quarter. CI Investments Inc. now owns 271 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 73 shares during the period.

Chart Industries Stock Performance

Shares of GTLS opened at $207.02 on Friday. The business’s fifty day simple moving average is $207.13 and its two-hundred day simple moving average is $204.47. The company has a current ratio of 1.36, a quick ratio of 1.09 and a debt-to-equity ratio of 1.06. Chart Industries, Inc. has a 12 month low of $104.60 and a 12 month high of $208.24. The company has a market cap of $9.91 billion, a price-to-earnings ratio of 796.26, a P/E/G ratio of 0.81 and a beta of 1.70.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.97). The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Chart Industries had a return on equity of 13.55% and a net margin of 0.95%.The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.66 EPS. Research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GTLS shares. Zacks Research cut shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Chart Industries has a consensus rating of “Hold” and a consensus target price of $203.67.

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.