State of New Jersey Common Pension Fund D Increases Holdings in Chart Industries, Inc. (NYSE:GTLS)

State of New Jersey Common Pension Fund D grew its holdings in Chart Industries, Inc. (NYSE:GTLS) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,228 shares of the industrial products company’s stock after acquiring an additional 1,136 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Chart Industries were worth $3,439,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Federated Hermes Inc. lifted its position in shares of Chart Industries by 83.9% in the third quarter. Federated Hermes Inc. now owns 592,238 shares of the industrial products company’s stock worth $100,159,000 after buying an additional 270,133 shares in the last quarter. Gates Capital Management Inc. lifted its position in shares of Chart Industries by 39.3% in the third quarter. Gates Capital Management Inc. now owns 449,926 shares of the industrial products company’s stock worth $76,091,000 after buying an additional 127,000 shares in the last quarter. Great Lakes Advisors LLC purchased a new stake in shares of Chart Industries in the third quarter worth about $19,340,000. Nordea Investment Management AB lifted its position in shares of Chart Industries by 5.5% in the fourth quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company’s stock worth $268,088,000 after buying an additional 101,404 shares in the last quarter. Finally, Scout Investments Inc. lifted its position in shares of Chart Industries by 19.1% in the third quarter. Scout Investments Inc. now owns 555,921 shares of the industrial products company’s stock worth $92,655,000 after buying an additional 89,141 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GTLS. UBS Group upgraded Chart Industries from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $152.00 to $170.00 in a research report on Tuesday, March 19th. Raymond James upgraded Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 target price on the stock in a research report on Thursday, January 4th. Morgan Stanley assumed coverage on Chart Industries in a research note on Thursday, April 18th. They set an “equal weight” rating and a $200.00 price objective on the stock. TD Cowen boosted their price objective on Chart Industries from $230.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Finally, Wells Fargo & Company boosted their price objective on Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.85.

Chart Industries Trading Down 1.4 %

GTLS opened at $149.90 on Friday. Chart Industries, Inc. has a one year low of $106.66 and a one year high of $184.65. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 394.47, a P/E/G ratio of 0.42 and a beta of 1.70. The stock’s 50 day moving average price is $148.43 and its 200-day moving average price is $136.64. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.88 and a current ratio of 1.19.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.12. Chart Industries had a return on equity of 9.27% and a net margin of 1.00%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the firm earned $1.67 earnings per share. Chart Industries’s revenue was up 130.0% compared to the same quarter last year. On average, equities analysts forecast that Chart Industries, Inc. will post 11.98 EPS for the current year.

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.