Chart Industries, Inc. (NYSE:GTLS) Stake Increased by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC increased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 5.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,712 shares of the industrial products company’s stock after buying an additional 2,598 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Chart Industries were worth $6,743,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of GTLS. Capital Analysts LLC bought a new position in Chart Industries during the fourth quarter valued at approximately $25,000. Smartleaf Asset Management LLC lifted its stake in shares of Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 92 shares during the last quarter. Fairway Wealth LLC bought a new stake in Chart Industries in the fourth quarter worth $34,000. Blue Trust Inc. boosted its holdings in Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 65 shares in the last quarter. Finally, Lindbrook Capital LLC raised its holdings in Chart Industries by 43.4% during the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock valued at $44,000 after buying an additional 69 shares in the last quarter.

Chart Industries Trading Down 0.6%

Chart Industries stock opened at $146.46 on Thursday. The business has a 50 day moving average price of $145.86 and a two-hundred day moving average price of $171.57. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 42.45, a price-to-earnings-growth ratio of 0.57 and a beta of 1.71.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.02. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company earned $1.49 earnings per share. The business’s revenue was up 38.8% compared to the same quarter last year. As a group, equities analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Morgan Stanley reduced their price target on Chart Industries from $250.00 to $225.00 and set an “overweight” rating for the company in a research report on Friday, May 16th. The Goldman Sachs Group set a $180.00 target price on Chart Industries and gave the stock a “neutral” rating in a research report on Wednesday, May 28th. Wells Fargo & Company reduced their price objective on shares of Chart Industries from $214.00 to $208.00 and set an “overweight” rating for the company in a research note on Tuesday, April 1st. Citigroup raised their target price on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus cut their target price on shares of Chart Industries from $231.00 to $214.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chart Industries presently has a consensus rating of “Buy” and an average target price of $200.00.

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.