California Public Employees Retirement System Trims Stock Position in Chart Industries, Inc. $GTLS

California Public Employees Retirement System cut its position in Chart Industries, Inc. (NYSE:GTLS) by 18.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 68,987 shares of the industrial products company’s stock after selling 15,645 shares during the quarter. California Public Employees Retirement System’s holdings in Chart Industries were worth $14,263,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in Chart Industries by 39.0% in the first quarter. AQR Capital Management LLC now owns 26,089 shares of the industrial products company’s stock valued at $3,694,000 after acquiring an additional 7,314 shares during the period. Sei Investments Co. grew its holdings in shares of Chart Industries by 0.7% during the second quarter. Sei Investments Co. now owns 77,117 shares of the industrial products company’s stock worth $12,697,000 after buying an additional 540 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Chart Industries by 8.6% during the second quarter. The Manufacturers Life Insurance Company now owns 52,392 shares of the industrial products company’s stock worth $8,626,000 after buying an additional 4,129 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Chart Industries by 55.9% in the second quarter. Alliancebernstein L.P. now owns 138,663 shares of the industrial products company’s stock valued at $22,831,000 after buying an additional 49,715 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in shares of Chart Industries by 21.8% during the second quarter. Quantinno Capital Management LP now owns 2,384 shares of the industrial products company’s stock valued at $393,000 after buying an additional 427 shares during the period.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Wall Street Zen upgraded Chart Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Zacks Research cut shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a report on Wednesday, June 24th. Ten equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Chart Industries presently has a consensus rating of “Reduce” and an average price target of $210.00.

Chart Industries Price Performance

GTLS stock opened at $209.90 on Friday. The firm has a market cap of $10.05 billion, a price-to-earnings ratio of -201.82, a PEG ratio of 1.24 and a beta of 1.53. Chart Industries, Inc. has a 1-year low of $163.23 and a 1-year high of $209.96. The firm has a fifty day moving average price of $208.39 and a two-hundred day moving average price of $207.66. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21.

Chart Industries Company 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.