Police & Firemen s Retirement System of New Jersey Acquires 1,026 Shares of Chart Industries, Inc. $GTLS

Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 11.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,258 shares of the industrial products company’s stock after buying an additional 1,026 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Chart Industries were worth $1,689,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Nordea Investment Management AB boosted its stake in shares of Chart Industries by 5.7% during the 2nd quarter. Nordea Investment Management AB now owns 1,906,083 shares of the industrial products company’s stock valued at $317,248,000 after purchasing an additional 102,226 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in Chart Industries in the second quarter worth about $294,000. Ethic Inc. boosted its position in Chart Industries by 3.8% during the 2nd quarter. Ethic Inc. now owns 2,812 shares of the industrial products company’s stock valued at $472,000 after acquiring an additional 103 shares in the last quarter. Ieq Capital LLC bought a new stake in Chart Industries during the 1st quarter valued at approximately $304,000. Finally, Alpine Associates Management Inc. purchased a new position in shares of Chart Industries during the 2nd quarter worth approximately $12,143,000.

Chart Industries Price Performance

GTLS opened at $203.38 on Friday. The firm has a market cap of $9.14 billion, a PE ratio of 248.03, a P/E/G ratio of 1.15 and a beta of 1.78. The stock has a 50-day moving average price of $200.51 and a 200-day moving average price of $183.06. Chart Industries, Inc. has a 1 year low of $104.60 and a 1 year high of $220.03. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.40 and a quick ratio of 1.27.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $2.78 earnings per share for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.24). The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.19 billion. Chart Industries had a net margin of 1.55% and a return on equity of 14.17%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.18 earnings per share. Sell-side analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GTLS shares. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research report on Wednesday. Hsbc Global Res upgraded shares of Chart Industries to a “hold” rating in a report on Wednesday, July 30th. Citigroup downgraded shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Raymond James Financial reissued a “market perform” rating on shares of Chart Industries in a research report on Wednesday, July 30th. Finally, Lake Street Capital cut shares of Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 price objective on the stock. in a report on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $205.08.

Chart Industries 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.