Teachers Retirement System of The State of Kentucky Sells 3,166 Shares of Chart Industries, Inc. (NYSE:GTLS)

Teachers Retirement System of The State of Kentucky lowered its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 10.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 27,619 shares of the industrial products company's stock after selling 3,166 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.06% of Chart Industries worth $5,270,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GTLS. MetLife Investment Management LLC grew its holdings in Chart Industries by 7.7% in the 4th quarter. MetLife Investment Management LLC now owns 48,848 shares of the industrial products company's stock worth $9,322,000 after acquiring an additional 3,505 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Chart Industries by 26.8% during the fourth quarter. First Trust Advisors LP now owns 12,372 shares of the industrial products company's stock worth $2,361,000 after purchasing an additional 2,616 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Chart Industries by 37.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock worth $203,178,000 after purchasing an additional 291,520 shares during the last quarter. Farringdon Capital Ltd. purchased a new position in Chart Industries during the 4th quarter valued at about $406,000. Finally, AGP Franklin LLC bought a new position in Chart Industries during the 4th quarter valued at approximately $1,659,000.

Wall Street Analysts Forecast Growth

GTLS has been the topic of several research analyst reports. Wells Fargo & Company reduced their target price on Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 1st. Citigroup lifted their target price on shares of Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Stifel Nicolaus cut their price objective on Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research report on Tuesday. Barclays decreased their target price on Chart Industries from $165.00 to $160.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Finally, TD Cowen upped their price target on Chart Industries from $205.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $200.00.

Insider Activity

In related news, Director Linda S. Harty acquired 500 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was purchased at an average cost of $140.85 per share, with a total value of $70,425.00. Following the completion of the acquisition, the director now directly owns 11,684 shares of the company's stock, valued at approximately $1,645,691.40. This trade represents a 4.47 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jillian C. Evanko bought 350 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the acquisition, the chief executive officer now directly owns 137,666 shares of the company's stock, valued at $20,698,083.10. The trade was a 0.25 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,109 shares of company stock valued at $160,845 over the last ninety days. 0.95% of the stock is currently owned by corporate insiders.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $121.02 on Wednesday. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 35.08, a PEG ratio of 0.57 and a beta of 1.68. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The firm's 50-day moving average is $151.14 and its 200 day moving average is $168.84.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing analysts' consensus estimates of $3.20 by ($0.54). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the previous year, the company earned $2.25 EPS. The company's quarterly revenue was up 9.0% compared to the same quarter last year. Sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

About Chart Industries

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.

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