Chart Industries, Inc. (NYSE:GTLS) Shares Acquired by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC boosted its stake in Chart Industries, Inc. (NYSE:GTLS) by 17.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,782 shares of the industrial products company’s stock after buying an additional 4,131 shares during the period. Woodmont Investment Counsel LLC’s holdings in Chart Industries were worth $3,449,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. EFG Asset Management North America Corp. lifted its holdings in Chart Industries by 0.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company’s stock valued at $1,916,000 after acquiring an additional 63 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Chart Industries by 3.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock worth $270,000 after acquiring an additional 64 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Chart Industries by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 11,836 shares of the industrial products company’s stock worth $1,708,000 after acquiring an additional 87 shares during the last quarter. Aristeia Capital L.L.C. lifted its holdings in shares of Chart Industries by 3.7% during the second quarter. Aristeia Capital L.L.C. now owns 2,611 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 92 shares during the last quarter. Finally, Register Financial Advisors LLC boosted its position in shares of Chart Industries by 1.6% in the 2nd quarter. Register Financial Advisors LLC now owns 6,361 shares of the industrial products company’s stock valued at $918,000 after purchasing an additional 100 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on GTLS shares. The Goldman Sachs Group dropped their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Wells Fargo & Company cut their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Stifel Nicolaus raised their target price on Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday. Bank of America dropped their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a research report on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $178.82.

Chart Industries Stock Up 11.3 %

GTLS stock opened at $165.93 on Thursday. The firm has a market cap of $7.10 billion, a PE ratio of 48.10, a PEG ratio of 0.73 and a beta of 1.71. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $171.68. The company has a fifty day simple moving average of $123.28 and a 200 day simple moving average of $137.06. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company posted $1.28 EPS. The business’s revenue was up 18.3% compared to the same quarter last year. Sell-side analysts anticipate that Chart Industries, Inc. will post 9 EPS for the current fiscal year.

Insider Transactions at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko bought 440 shares of the stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of $114.31 per share, with a total value of $50,296.40. Following the acquisition, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Jillian C. Evanko acquired 440 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was acquired at an average price of $114.31 per share, with a total value of $50,296.40. Following the completion of the transaction, the chief executive officer now owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Linda S. Harty bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were purchased at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $240,250. The disclosure for this purchase can be found here. Over the last three months, insiders bought 7,152 shares of company stock worth $482,278. 0.95% of the stock is owned by insiders.

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.