Chart Industries, Inc. $GTLS Holdings Lowered by Teachers Retirement System of The State of Kentucky

Key Points

• Teachers Retirement System of The State of Kentucky cut its stake by 39.6% in Chart Industries in Q3, selling 9,241 shares and ending with 14,123 shares valued at $2.827 million.
• Chart missed quarterly estimates—EPS $2.51 vs. $3.48 expected and revenue $1.08B vs. $1.23B expected—while revenue declined 2.5% year-over-year.
• Analysts' consensus is a "Hold" with a $204.10 price target; the stock trades near $207 with a $9.92B market cap and a very high trailing P/E of about 797.

Teachers Retirement System of The State of Kentucky cut its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 39.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,123 shares of the industrial products company's stock after selling 9,241 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Chart Industries were worth $2,827,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GTLS. CI Investments Inc. boosted its stake 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 purchasing an additional 73 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Chart Industries in the 3rd quarter worth $230,000. Fifth Lane Capital LP acquired a new stake in shares of Chart Industries in the third quarter valued at $653,000. Xponance Inc. boosted its stake in Chart Industries by 1.3% during the third quarter. Xponance Inc. now owns 6,445 shares of the industrial products company's stock valued at $1,290,000 after buying an additional 80 shares in the last quarter. Finally, Intech Investment Management LLC boosted its stake in Chart Industries by 18.4% during the third quarter. Intech Investment Management LLC now owns 29,281 shares of the industrial products company's stock valued at $5,861,000 after buying an additional 4,558 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Zacks Research raised shares of Chart Industries from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 12th. Weiss Ratings reissued a "sell (d+)" rating on shares of Chart Industries in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $204.10.

Chart Industries Stock Performance

Shares of GTLS opened at $207.31 on Thursday. The company has a 50-day moving average of $207.01 and a two-hundred day moving average of $203.30. The stock has a market cap of $9.92 billion, a price-to-earnings ratio of 797.38, a PEG ratio of 0.79 and a beta of 1.73. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.36 and a quick ratio of 1.15. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $208.24.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.48 by ($0.97). Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the firm earned $2.66 EPS. The firm's revenue was down 2.5% compared to the same quarter last year. On average, equities research analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Chart Industries Company 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.

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