Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 20,204 Shares of Chart Industries, Inc. $GTLS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 77.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 46,263 shares of the industrial products company’s stock after buying an additional 20,204 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Chart Industries were worth $9,565,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Millennium Management LLC grew its stake 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 valued at $327,202,000 after buying an additional 772,723 shares during the period. FIL Ltd raised its stake in Chart Industries by 7.2% during the 4th quarter. FIL Ltd now owns 1,315,500 shares of the industrial products company’s stock worth $271,296,000 after buying an additional 88,000 shares during the period. UBS Group AG raised its stake in 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 worth $243,550,000 after buying an additional 513,195 shares during the period. Goldman Sachs Group Inc. raised its stake in 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 worth $238,245,000 after buying an additional 442,650 shares during the period. Finally, Norges Bank bought a new position in Chart Industries in the fourth quarter worth approximately $237,827,000.

Analyst Upgrades and Downgrades

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

Chart Industries Price Performance

GTLS stock opened at $209.78 on Tuesday. The company has a market capitalization of $10.04 billion, a P/E ratio of -201.71, a price-to-earnings-growth ratio of 1.24 and a beta of 1.53. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.21 and a current ratio of 1.53. Chart Industries, Inc. has a 52-week low of $163.23 and a 52-week high of $209.94. The business has a 50-day simple moving average of $207.94 and a two-hundred day simple moving average of $207.43.

Chart Industries Profile

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.