Louisiana State Employees Retirement System Invests $2.69 Million in Chart Industries, Inc. $GTLS

Louisiana State Employees Retirement System acquired a new stake in Chart Industries, Inc. (NYSE:GTLS) in the first quarter, HoldingsChannel.com reports. The fund acquired 13,000 shares of the industrial products company’s stock, valued at approximately $2,688,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ritholtz Wealth Management lifted its holdings in Chart Industries by 9.0% during the 1st quarter. Ritholtz Wealth Management now owns 1,432 shares of the industrial products company’s stock valued at $296,000 after purchasing an additional 118 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Chart Industries by 3.8% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,518 shares of the industrial products company’s stock valued at $314,000 after purchasing an additional 56 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Chart Industries by 218.2% in the first quarter. SG Americas Securities LLC now owns 17,538 shares of the industrial products company’s stock valued at $3,626,000 after purchasing an additional 12,027 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Chart Industries by 12.5% in the fourth quarter. Hsbc Holdings PLC now owns 92,198 shares of the industrial products company’s stock valued at $19,009,000 after purchasing an additional 10,219 shares during the period. Finally, Alpine Global Management LLC raised its position in shares of Chart Industries by 78.6% in the fourth quarter. Alpine Global Management LLC now owns 25,000 shares of the industrial products company’s stock valued at $5,156,000 after purchasing an additional 11,000 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GTLS shares. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a report on Wednesday. Zacks Research lowered Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Finally, Wall Street Zen raised Chart Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Eleven research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $201.80.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $208.66 on Monday. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.15. The company has a market cap of $9.99 billion, a PE ratio of 802.55, a price-to-earnings-growth ratio of 1.23 and a beta of 1.53. The company has a 50 day moving average of $207.66 and a 200-day moving average of $207.17. Chart Industries, Inc. has a 1-year low of $160.41 and a 1-year high of $209.13.

Chart Industries Profile

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.