Woodmont Investment Counsel LLC Purchases 1,030 Shares of Chart Industries, Inc. (NYSE:GTLS)

Woodmont Investment Counsel LLC raised its stake in Chart Industries, Inc. (NYSE:GTLS) by 4.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,290 shares of the industrial products company’s stock after buying an additional 1,030 shares during the period. Woodmont Investment Counsel LLC owned about 0.05% of Chart Industries worth $3,672,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its stake in shares of Chart Industries by 122.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 60,007 shares of the industrial products company’s stock valued at $10,148,000 after purchasing an additional 32,978 shares during the period. Mariner LLC raised its stake in Chart Industries by 81.2% during the 3rd quarter. Mariner LLC now owns 4,013 shares of the industrial products company’s stock worth $679,000 after buying an additional 1,798 shares during the period. Natixis Advisors L.P. raised its stake in shares of Chart Industries by 89.0% in the third quarter. Natixis Advisors L.P. now owns 25,023 shares of the industrial products company’s stock worth $4,232,000 after purchasing an additional 11,785 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Chart Industries in the third quarter worth approximately $1,322,000. Finally, Kingfisher Capital LLC raised its stake in shares of Chart Industries by 0.9% in the third quarter. Kingfisher Capital LLC now owns 23,775 shares of the industrial products company’s stock worth $4,021,000 after purchasing an additional 212 shares during the last quarter.

Chart Industries Stock Up 1.6 %

Chart Industries stock traded up $2.24 during trading hours on Tuesday, hitting $142.31. 193,189 shares of the stock traded hands, compared to its average volume of 564,402. The firm’s 50-day moving average price is $149.61 and its two-hundred day moving average price is $142.12. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The company has a market cap of $6.09 billion, a PE ratio of 140.08, a PEG ratio of 0.40 and a beta of 1.75. Chart Industries, Inc. has a one year low of $109.48 and a one year high of $184.65.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, May 3rd. The industrial products company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.39). The firm had revenue of $950.70 million for the quarter, compared to the consensus estimate of $970.91 million. Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The business’s revenue was up 76.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.41 earnings per share. On average, research analysts forecast that Chart Industries, Inc. will post 11.94 EPS for the current year.

Wall Street Analysts Forecast Growth

GTLS has been the subject of several recent analyst reports. Stifel Nicolaus reduced their target price on Chart Industries from $224.00 to $220.00 and set a “buy” rating for the company in a report on Monday, May 6th. UBS Group raised Chart Industries from a “neutral” rating to a “buy” rating and increased their price objective for the company from $152.00 to $170.00 in a report on Tuesday, March 19th. Morgan Stanley started coverage on Chart Industries in a report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 price objective for the company. The Goldman Sachs Group increased their target price on Chart Industries from $150.00 to $168.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Finally, Piper Sandler increased their target price on Chart Industries from $151.00 to $160.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $197.92.

About Chart Industries

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.