Greenwood Capital Associates LLC Has $6.74 Million Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Greenwood Capital Associates LLC increased its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 46,712 shares of the industrial products company's stock after purchasing an additional 2,598 shares during the quarter. Greenwood Capital Associates LLC owned approximately 0.10% of Chart Industries worth $6,743,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GTLS. Wolf Hill Capital Management LP bought a new stake in shares of Chart Industries in the fourth quarter valued at approximately $101,121,000. Norges Bank bought a new stake in shares of Chart Industries in the fourth quarter valued at approximately $88,609,000. Dimensional Fund Advisors LP boosted its position in shares of Chart Industries by 37.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock valued at $203,178,000 after acquiring an additional 291,520 shares during the period. Keybank National Association OH boosted its position in shares of Chart Industries by 10,372.6% in the fourth quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company's stock valued at $47,087,000 after acquiring an additional 244,378 shares during the period. Finally, Engaged Capital LLC bought a new stake in shares of Chart Industries in the fourth quarter valued at approximately $42,900,000.

Chart Industries Price Performance

NYSE:GTLS traded down $4.13 during trading hours on Friday, reaching $143.87. The company had a trading volume of 833,739 shares, compared to its average volume of 752,679. The stock has a 50-day moving average of $147.04 and a two-hundred day moving average of $170.96. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. The firm has a market capitalization of $6.57 billion, a PE ratio of 41.70, a PEG ratio of 0.57 and a beta of 1.71. 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 (NYSE:GTLS - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.84 by $0.02. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the prior year, the business posted $1.49 earnings per share. The business's revenue was up 38.8% compared to the same quarter last year. Analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GTLS has been the subject of several research reports. Morgan Stanley reduced their price objective 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. TD Cowen reduced their price objective on Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Wells Fargo & Company cut their target price on Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research note on Tuesday, April 1st. Stifel Nicolaus cut their target price on Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Barclays upped their target price on Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Chart Industries has an average rating of "Buy" and an average price target 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.