New York State Common Retirement Fund cut its stake in shares of Chart Industries, Inc. (NASDAQ:GTLS) by 10.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,952 shares of the industrial products company’s stock after selling 9,301 shares during the quarter. New York State Common Retirement Fund owned approximately 0.24% of Chart Industries worth $4,939,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. C M Bidwell & Associates Ltd. bought a new position in Chart Industries in the 3rd quarter worth approximately $127,000. Quantbot Technologies LP bought a new position in Chart Industries in the 3rd quarter worth approximately $134,000. Silvant Capital Management LLC bought a new position in Chart Industries in the 4th quarter worth approximately $184,000. Ibex Investors LLC bought a new position in Chart Industries in the 3rd quarter worth approximately $216,000. Finally, Stone Ridge Asset Management LLC bought a new position in Chart Industries in the 3rd quarter worth approximately $247,000.
Shares of NASDAQ GTLS opened at $90.85 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.80 and a quick ratio of 1.17. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 44.98 and a beta of 1.17. Chart Industries, Inc. has a 1 year low of $56.14 and a 1 year high of $91.25.
A number of equities analysts recently issued reports on GTLS shares. Gabelli lowered Chart Industries from a “buy” rating to a “hold” rating in a report on Friday, February 15th. Evercore ISI raised Chart Industries from an “in-line” rating to an “outperform” rating and set a $63.56 price objective for the company in a report on Sunday, December 9th. BidaskClub raised Chart Industries from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 13th. Lake Street Capital increased their price objective on Chart Industries to $109.00 and gave the stock a “buy” rating in a report on Friday, February 15th. Finally, ValuEngine raised Chart Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, February 15th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Chart Industries currently has a consensus rating of “Buy” and an average target price of $86.31.
In other Chart Industries news, Director W Douglas Brown sold 8,500 shares of the stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $84.84, for a total transaction of $721,140.00. Following the completion of the transaction, the director now directly owns 9,966 shares of the company’s stock, valued at approximately $845,515.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.60% of the company’s stock.
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Chart Industries Company Profile
Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.
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