Woodmont Investment Counsel LLC Purchases 2,116 Shares of Chart Industries, Inc. $GTLS

Woodmont Investment Counsel LLC lifted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 11.0% in the second quarter, HoldingsChannel reports. The fund owned 21,426 shares of the industrial products company’s stock after buying an additional 2,116 shares during the period. Woodmont Investment Counsel LLC’s holdings in Chart Industries were worth $3,528,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. OneDigital Investment Advisors LLC grew its stake in shares of Chart Industries by 13.2% during the first quarter. OneDigital Investment Advisors LLC now owns 2,026 shares of the industrial products company’s stock worth $292,000 after purchasing an additional 236 shares during the period. GAMMA Investing LLC grew its stake in Chart Industries by 118.6% in the first quarter. GAMMA Investing LLC now owns 1,270 shares of the industrial products company’s stock valued at $183,000 after acquiring an additional 689 shares during the period. Bank of New York Mellon Corp grew its stake in Chart Industries by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 308,963 shares of the industrial products company’s stock valued at $44,602,000 after acquiring an additional 6,681 shares during the period. Envestnet Asset Management Inc. grew its stake in Chart Industries by 7.4% in the first quarter. Envestnet Asset Management Inc. now owns 57,617 shares of the industrial products company’s stock valued at $8,318,000 after acquiring an additional 3,948 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its stake in Chart Industries by 1.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company’s stock valued at $979,000 after acquiring an additional 98 shares during the period.

Chart Industries Stock Performance

GTLS opened at $200.59 on Monday. Chart Industries, Inc. has a 52-week low of $104.60 and a 52-week high of $220.03. The firm has a market capitalization of $9.02 billion, a PE ratio of 37.28, a PEG ratio of 1.16 and a beta of 1.71. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.27 and a current ratio of 1.55. The business’s 50-day simple moving average is $198.58 and its 200 day simple moving average is $167.80.

Chart Industries (NYSE:GTLS) last released its earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.03). Chart Industries had a return on equity of 13.71% and a net margin of 6.29%.The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. As a group, sell-side analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Lake Street Capital cut Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 target price for the company. in a research note on Wednesday, July 30th. Barclays decreased their target price on Chart Industries from $171.00 to $169.00 and set an “equal weight” rating for the company in a research note on Thursday, July 10th. Craig Hallum cut Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Chart Industries in a research report on Saturday, September 27th. Finally, Johnson Rice cut Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 price objective for the company. in a research report on Wednesday, July 30th. Four equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Chart Industries presently has an average rating of “Hold” and an average price target of $202.00.

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.