Teacher Retirement System of Texas bought a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,253 shares of the industrial products company's stock, valued at approximately $1,047,000.
A number of other institutional investors have also made changes to their positions in GTLS. Capital Analysts LLC acquired a new position in shares of Chart Industries during the fourth quarter worth $25,000. Opal Wealth Advisors LLC acquired a new stake in Chart Industries in the first quarter valued at $25,000. Global X Japan Co. Ltd. raised its holdings in Chart Industries by 142.9% in the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. Byrne Asset Management LLC acquired a new stake in Chart Industries in the first quarter valued at $45,000. Finally, Quadrant Capital Group LLC raised its holdings in Chart Industries by 42.9% in the fourth quarter. Quadrant Capital Group LLC now owns 340 shares of the industrial products company's stock valued at $65,000 after acquiring an additional 102 shares in the last quarter.
Chart Industries Price Performance
GTLS stock opened at $167.90 on Monday. The firm has a 50-day moving average of $158.21 and a two-hundred day moving average of $165.86. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. The firm has a market capitalization of $7.67 billion, a PE ratio of 33.92, a P/E/G ratio of 0.65 and a beta of 1.68. The company has a current ratio of 1.51, a quick ratio of 1.21 and a debt-to-equity ratio of 1.18.
Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.02. Chart Industries had a return on equity of 13.93% and a net margin of 5.93%. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the prior year, the business earned $1.49 earnings per share. Chart Industries's revenue for the quarter was up 38.8% compared to the same quarter last year. On average, analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current year.
Analysts Set New Price Targets
GTLS has been the topic of several recent analyst reports. The Goldman Sachs Group set a $180.00 price target on shares of Chart Industries and gave the company a "neutral" rating in a report on Wednesday, May 28th. Barclays cut their price target on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a report on Thursday. Morgan Stanley lowered their target price on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Stifel Nicolaus lowered their target price on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, TD Cowen lowered their price target on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Two investment 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 stock. According to data from MarketBeat.com, Chart Industries presently has a consensus rating of "Buy" and an average target price of $199.82.
Read Our Latest Stock Analysis on Chart Industries
Chart Industries Company Profile
(
Free Report)
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.
Further Reading
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