Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 103,780 shares of the industrial products company's stock after selling 11,061 shares during the quarter. Retirement Systems of Alabama owned about 0.24% of Chart Industries worth $19,805,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Archford Capital Strategies LLC lifted its position in shares of Chart Industries by 2.2% during the fourth quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company's stock worth $433,000 after purchasing an additional 48 shares in the last quarter. MML Investors Services LLC raised its holdings in Chart Industries by 3.3% during the third quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company's stock worth $245,000 after purchasing an additional 63 shares in the last quarter. Blue Trust Inc. raised its holdings in Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after purchasing an additional 65 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in Chart Industries by 2.4% during the third quarter. Glenmede Trust Co. NA now owns 4,794 shares of the industrial products company's stock worth $595,000 after purchasing an additional 114 shares in the last quarter. Finally, Spire Wealth Management raised its holdings in Chart Industries by 183.8% during the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock worth $37,000 after purchasing an additional 125 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GTLS shares. Barclays lowered their target price on shares of Chart Industries from $146.00 to $145.00 and set an "equal weight" rating on the stock in a research report on Monday, November 4th. Bank of America cut their price target on Chart Industries from $185.00 to $165.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Raymond James reissued a "strong-buy" rating and issued a $190.00 target price on shares of Chart Industries in a research note on Monday, December 2nd. Stifel Nicolaus boosted their target price on shares of Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a research note on Tuesday, December 31st. Finally, Craig Hallum boosted their target price on shares of Chart Industries from $199.00 to $207.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $188.75.

Chart Industries Trading Up 2.6 %

Shares of NYSE:GTLS traded up $5.08 during trading on Monday, reaching $201.54. 569,411 shares of the stock were exchanged, compared to its average volume of 625,115. 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, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The firm has a market cap of $8.63 billion, a price-to-earnings ratio of 58.42, a price-to-earnings-growth ratio of 0.60 and a beta of 1.84. The firm's 50-day moving average price is $200.24 and its 200 day moving average price is $157.58.

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.