Greenwood Capital Associates LLC Reduces Stock Position in Chart Industries, Inc. $GTLS

Key Points

• Greenwood Capital Associates LLC reduced its stake in Chart Industries, Inc. by 24.5%, holding 35,268 shares worth approximately $5.8 million after selling 11,444 shares in the 2nd quarter.
• Several institutional investors have adjusted their positions in Chart Industries, with Xponance Inc. and Oppenheimer Asset Management Inc. increasing their holdings by 1.4% and 1.5%, respectively, in the 1st quarter.
• Analysts have issued varied ratings for Chart Industries, with Cowen and Johnson Rice downgrading their ratings to "hold," and the company currently holding an average rating of "hold" with a consensus price target of $202.00.

Greenwood Capital Associates LLC decreased its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 24.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,268 shares of the industrial products company's stock after selling 11,444 shares during the quarter. Greenwood Capital Associates LLC owned approximately 0.08% of Chart Industries worth $5,807,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Xponance Inc. grew its holdings in Chart Industries by 1.4% in the 1st quarter. Xponance Inc. now owns 6,116 shares of the industrial products company's stock valued at $883,000 after buying an additional 85 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in Chart Industries by 1.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company's stock valued at $979,000 after buying an additional 98 shares during the period. Global X Japan Co. Ltd. grew its holdings in Chart Industries by 142.9% in the 1st quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock valued at $25,000 after buying an additional 100 shares during the period. State of Michigan Retirement System grew its holdings in Chart Industries by 1.0% in the 1st quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company's stock valued at $1,458,000 after buying an additional 100 shares during the period. Finally, Louisiana State Employees Retirement System grew its holdings in Chart Industries by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the industrial products company's stock valued at $1,703,000 after buying an additional 100 shares during the period.

Analysts Set New Price Targets

GTLS has been the subject of several recent analyst reports. Cowen cut Chart Industries from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. Johnson Rice lowered Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price objective on the stock. in a research note on Wednesday, July 30th. Barclays reduced their price objective on Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. Craig Hallum lowered Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 29th. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of Chart Industries in a research note on Wednesday, July 30th. Four equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $202.00.

Chart Industries Trading Up 0.0%

Shares of GTLS stock opened at $200.55 on Friday. Chart Industries, Inc. has a 12-month low of $104.60 and a 12-month high of $220.03. The company has a current ratio of 1.55, a quick ratio of 1.27 and a debt-to-equity ratio of 1.04. The firm's 50 day moving average is $198.01 and its 200 day moving average is $167.28. The stock has a market capitalization 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.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share 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 business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion. Research analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

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.

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