Chart Industries, Inc. $GTLS Stock Position Raised by Woodmont Investment Counsel LLC

Key Points

• Woodmont Investment Counsel LLC increased its holdings in Chart Industries by 11% in Q2, acquiring an additional 2,116 shares and valuing its stake at approximately $3.53 million.
• Chart Industries posted a Q2 EPS of $2.59, missing analyst expectations of $2.62, and reported revenues of $1.08 billion against estimates of $1.11 billion.
• Several analysts have downgraded Chart Industries' stock ratings, leading to an average rating of “Hold” with a consensus price target of $202.00.

Woodmont Investment Counsel LLC raised its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 11.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,426 shares of the industrial products company's stock after purchasing an additional 2,116 shares during the period. Woodmont Investment Counsel LLC's holdings in Chart Industries were worth $3,528,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GTLS. Wealthcare Advisory Partners LLC raised its stake in shares of Chart Industries by 5.7% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 4,211 shares of the industrial products company's stock valued at $693,000 after acquiring an additional 226 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Chart Industries by 3.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 14,071 shares of the industrial products company's stock valued at $2,317,000 after acquiring an additional 434 shares in the last quarter. Bourgeon Capital Management LLC bought a new position in shares of Chart Industries in the 2nd quarter valued at approximately $3,712,000. Janney Montgomery Scott LLC raised its stake in shares of Chart Industries by 6.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 43,325 shares of the industrial products company's stock valued at $7,134,000 after acquiring an additional 2,508 shares in the last quarter. Finally, Enclave Advisors LLC bought a new position in shares of Chart Industries in the 2nd quarter valued at approximately $205,000.

Chart Industries Price Performance

Chart Industries stock opened at $200.59 on Monday. 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 firm has a market cap of $9.02 billion, a P/E ratio of 37.28, a P/E/G ratio of 1.16 and a beta of 1.71. The business's fifty day moving average is $198.58 and its two-hundred day moving average is $167.80. Chart Industries, Inc. has a 52 week low of $104.60 and a 52 week high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.59 EPS for the quarter, missing analysts' consensus estimates of $2.62 by ($0.03). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a return on equity of 13.71% and a net margin of 6.29%. Equities research analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Cowen lowered Chart Industries from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. Raymond James Financial reissued a "market perform" rating on shares of Chart Industries in a report on Wednesday, July 30th. BTIG Research lowered Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Seaport Res Ptn lowered Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Finally, Craig Hallum lowered Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, Chart Industries has an average rating of "Hold" and a consensus price target of $202.00.

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.

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