Greenwood Capital Associates LLC Boosts Stake in Chart Industries, Inc. (NYSE:GTLS)

Greenwood Capital Associates LLC raised its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,712 shares of the industrial products company's stock after purchasing an additional 2,598 shares during the period. Greenwood Capital Associates LLC owned 0.10% of Chart Industries worth $6,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of GTLS. Capital Analysts LLC purchased a new position in shares of Chart Industries during the fourth quarter valued at approximately $25,000. Smartleaf Asset Management LLC boosted its stake in shares of Chart Industries by 129.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 92 shares during the period. Fairway Wealth LLC bought a new position in shares of Chart Industries in the fourth quarter worth about $34,000. Blue Trust Inc. grew its stake in Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after acquiring an additional 65 shares in the last quarter. Finally, Lindbrook Capital LLC raised its stake in shares of Chart Industries by 43.4% during the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock valued at $44,000 after acquiring an additional 69 shares in the last quarter.

Chart Industries Stock Performance

GTLS traded down $4.53 on Friday, reaching $143.47. 574,877 shares of the stock were exchanged, compared to its average volume of 749,787. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The company's 50-day moving average price is $146.46 and its 200 day moving average price is $171.28. The firm has a market capitalization of $6.56 billion, a PE ratio of 41.62, a PEG ratio of 0.57 and a beta of 1.71. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.84 by $0.02. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business's quarterly revenue was up 38.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.49 earnings per share. As a group, sell-side analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analysts Set New Price Targets

GTLS has been the topic of a number of recent research reports. Morgan Stanley dropped their price target on Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. TD Cowen reduced their price target on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Stifel Nicolaus dropped their target price on Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Citigroup upped their price objective on Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, Barclays raised their price objective on Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price 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.