California State Teachers Retirement System trimmed its position in Chart Industries, Inc. (NASDAQ:GTLS) by 9.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 54,353 shares of the industrial products company’s stock after selling 5,884 shares during the period. California State Teachers Retirement System owned about 0.18% of Chart Industries worth $1,888,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Los Angeles Capital Management & Equity Research Inc. boosted its position in Chart Industries by 0.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 28,895 shares of the industrial products company’s stock valued at $1,004,000 after buying an additional 200 shares during the last quarter. Texas Permanent School Fund lifted its stake in shares of Chart Industries by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 22,426 shares of the industrial products company’s stock valued at $779,000 after purchasing an additional 207 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Chart Industries by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,756 shares of the industrial products company’s stock valued at $824,000 after purchasing an additional 215 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in shares of Chart Industries by 3.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,240 shares of the industrial products company’s stock valued at $251,000 after purchasing an additional 240 shares during the period. Finally, Suntrust Banks Inc. lifted its stake in shares of Chart Industries by 2.0% in the 2nd quarter. Suntrust Banks Inc. now owns 12,692 shares of the industrial products company’s stock valued at $439,000 after purchasing an additional 252 shares during the period. Hedge funds and other institutional investors own 83.68% of the company’s stock.

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A number of research analysts have recently weighed in on GTLS shares. Cowen and Company reissued a “hold” rating and issued a $40.00 price target on shares of Chart Industries in a research note on Sunday, October 22nd. Northcoast Research raised Chart Industries from a “neutral” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Monday, October 9th. Johnson Rice reissued a “buy” rating and issued a $48.00 price target (up previously from $42.00) on shares of Chart Industries in a research note on Monday, October 2nd. Seaport Global Securities raised Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Friday, October 27th. Finally, Zacks Investment Research raised Chart Industries from a “hold” rating to a “strong-buy” rating and set a $50.00 price target on the stock in a research note on Wednesday, November 1st. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $48.14.

Shares of Chart Industries, Inc. (GTLS) opened at $43.92 on Thursday. The company has a market capitalization of $1,361.93, a price-to-earnings ratio of 85.11, a P/E/G ratio of 2.64 and a beta of 1.30. Chart Industries, Inc. has a 12 month low of $32.04 and a 12 month high of $45.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 1.13.

Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.07. The business had revenue of $240.50 million for the quarter, compared to the consensus estimate of $235.96 million. Chart Industries had a positive return on equity of 2.25% and a negative net margin of 0.21%. The firm’s revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. analysts expect that Chart Industries, Inc. will post 0.84 earnings per share for the current fiscal year.

Chart Industries Profile

Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.

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Institutional Ownership by Quarter for Chart Industries (NASDAQ:GTLS)

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