Woodmont Investment Counsel LLC Boosts Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Woodmont Investment Counsel LLC lifted its stake in Chart Industries, Inc. (NYSE:GTLS) by 17.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,782 shares of the industrial products company’s stock after acquiring an additional 4,131 shares during the period. Woodmont Investment Counsel LLC owned approximately 0.06% of Chart Industries worth $3,449,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GTLS. Malaga Cove Capital LLC grew its holdings in shares of Chart Industries by 62.0% during the 3rd quarter. Malaga Cove Capital LLC now owns 9,215 shares of the industrial products company’s stock valued at $1,144,000 after purchasing an additional 3,526 shares during the last quarter. Harvey Capital Management Inc. bought a new position in shares of Chart Industries in the third quarter worth approximately $5,107,000. Emerald Advisers LLC raised its position in Chart Industries by 3.8% in the 3rd quarter. Emerald Advisers LLC now owns 252,661 shares of the industrial products company’s stock worth $31,365,000 after buying an additional 9,181 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Chart Industries by 92.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 80,665 shares of the industrial products company’s stock worth $10,014,000 after purchasing an additional 38,728 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in Chart Industries by 67.0% during the third quarter. Janney Montgomery Scott LLC now owns 54,343 shares of the industrial products company’s stock valued at $6,746,000 after acquiring an additional 21,804 shares during the last quarter.

Chart Industries Stock Performance

NYSE GTLS opened at $165.93 on Thursday. The business’s 50-day moving average price is $123.28 and its 200 day moving average price is $137.06. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The firm has a market cap of $7.10 billion, a P/E ratio of 48.10, a P/E/G ratio of 0.73 and a beta of 1.71. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $171.68.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company’s revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.28 earnings per share. On average, equities research analysts expect that Chart Industries, Inc. will post 9 earnings per share for the current year.

Insider Activity at Chart Industries

In other Chart Industries news, Director Linda S. Harty bought 5,000 shares of Chart Industries 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Linda S. Harty bought 5,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was acquired at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $240,250. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jillian C. Evanko purchased 440 shares of Chart Industries stock in a transaction on Thursday, September 5th. The shares were acquired at an average cost of $114.31 per share, for a total transaction 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 $14,339,960.88. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 7,152 shares of company stock valued at $482,278. 0.95% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GTLS has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target on the stock in a report on Monday, September 16th. Craig Hallum lifted their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a report on Monday. Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Bank of America decreased their price objective on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Chart Industries currently has an average rating of “Moderate Buy” and an average price target of $178.82.

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.