Retirement Systems of Alabama Reduces Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Retirement Systems of Alabama decreased its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 9.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,780 shares of the industrial products company’s stock after selling 11,061 shares during the quarter. Retirement Systems of Alabama owned 0.24% of Chart Industries worth $19,805,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in Chart Industries during the third quarter worth $34,000. Blue Trust Inc. increased its position in shares of Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after buying an additional 65 shares in the last quarter. Spire Wealth Management raised its stake in shares of Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after buying an additional 125 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after buying an additional 255 shares in the last quarter. Finally, Mendota Financial Group LLC grew its stake in Chart Industries by 46.2% in the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 203 shares during the last quarter.

Analyst Upgrades and Downgrades

GTLS has been the subject of a number of research reports. Raymond James restated a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a research report on Monday, December 2nd. Stifel Nicolaus lifted their price objective on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Barclays lowered their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. BTIG Research boosted their price target on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Bank of America decreased their price objective on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $188.75.

Chart Industries Price Performance

GTLS opened at $202.08 on Friday. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The company’s 50 day simple moving average is $200.18 and its 200 day simple moving average is $157.47. The stock has a market capitalization of $8.65 billion, a PE ratio of 58.57, a P/E/G ratio of 0.63 and a beta of 1.84. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

Chart Industries Company Profile

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.