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

State of New Jersey Common Pension Fund D lifted its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,228 shares of the industrial products company’s stock after buying an additional 1,136 shares during the period. State of New Jersey Common Pension Fund D owned about 0.06% of Chart Industries worth $3,439,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GTLS. Handelsbanken Fonder AB boosted its position in shares of Chart Industries by 16.9% during the third quarter. Handelsbanken Fonder AB now owns 8,234 shares of the industrial products company’s stock valued at $1,393,000 after buying an additional 1,190 shares during the last quarter. Moisand Fitzgerald Tamayo LLC boosted its position in Chart Industries by 645.2% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 231 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 200 shares during the last quarter. Linden Thomas Advisory Services LLC purchased a new position in Chart Industries in the third quarter worth $581,000. Sheets Smith Wealth Management boosted its position in Chart Industries by 1.5% in the third quarter. Sheets Smith Wealth Management now owns 7,824 shares of the industrial products company’s stock worth $1,323,000 after purchasing an additional 116 shares during the last quarter. Finally, SVB Wealth LLC boosted its position in Chart Industries by 9.7% in the third quarter. SVB Wealth LLC now owns 1,634 shares of the industrial products company’s stock worth $276,000 after purchasing an additional 144 shares during the last quarter.

Chart Industries Stock Performance

NYSE:GTLS opened at $149.90 on Friday. 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, Inc. has a 52-week low of $106.66 and a 52-week high of $184.65. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 394.47, a PEG ratio of 0.42 and a beta of 1.70. The business’s fifty day moving average is $148.43 and its 200 day moving average is $136.64.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.09 billion. During the same period in the previous year, the company posted $1.67 EPS. The firm’s revenue for the quarter was up 130.0% compared to the same quarter last year. Research analysts predict that Chart Industries, Inc. will post 11.98 EPS for the current year.

Wall Street Analyst Weigh In

GTLS has been the topic of several research analyst reports. 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 report on Friday, March 1st. Morgan Stanley began coverage on Chart Industries in a research report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 price objective on the stock. TD Cowen boosted their target price on Chart Industries from $230.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. 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 note on Thursday, January 4th. Finally, UBS Group upgraded Chart Industries from a “neutral” rating to a “buy” rating and boosted their target price for the company from $152.00 to $170.00 in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Chart Industries currently has a consensus rating of “Moderate Buy” and an average price target of $194.85.

Chart Industries Company 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.