Greenwood Capital Associates LLC Sells 15,793 Shares of Chart Industries, Inc. (NYSE:GTLS)

Greenwood Capital Associates LLC trimmed its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 26.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 44,114 shares of the industrial products company’s stock after selling 15,793 shares during the quarter. Chart Industries comprises approximately 1.1% of Greenwood Capital Associates LLC’s investment portfolio, making the stock its 22nd biggest position. Greenwood Capital Associates LLC’s holdings in Chart Industries were worth $8,419,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in Chart Industries in the third quarter valued at approximately $34,000. Blue Trust Inc. raised its stake in Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after buying an additional 65 shares during the period. Spire Wealth Management boosted its holdings in Chart Industries by 183.8% in the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 125 shares in the last quarter. UMB Bank n.a. grew its stake in Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 255 shares during the period. Finally, Mendota Financial Group LLC increased its holdings in shares of Chart Industries by 46.2% during the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 203 shares in the last quarter.

Analyst Ratings Changes

Several analysts recently issued reports on GTLS shares. The Goldman Sachs Group lifted their price target on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. BTIG Research lifted their price target on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Craig Hallum upped their target price on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Stifel Nicolaus boosted their price target on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Finally, Barclays decreased their price objective on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $188.75.

Chart Industries Stock Performance

Shares of GTLS opened at $207.25 on Tuesday. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The stock’s fifty day moving average price is $199.30 and its two-hundred day moving average price is $156.43. The firm has a market cap of $8.87 billion, a PE ratio of 60.01, a PEG ratio of 0.63 and a beta of 1.84.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. Chart Industries’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period last year, the company earned $1.28 earnings per share. On average, equities research analysts forecast that Chart Industries, Inc. will post 9.02 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.