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

Woodmont Investment Counsel LLC cut its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 26.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,310 shares of the industrial products company's stock after selling 6,982 shares during the period. Woodmont Investment Counsel LLC's holdings in Chart Industries were worth $2,788,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in GTLS. Capital Analysts LLC acquired a new stake in shares of Chart Industries in the 4th quarter worth $25,000. Opal Wealth Advisors LLC purchased a new stake in Chart Industries in the 1st quarter worth approximately $25,000. Global X Japan Co. Ltd. boosted its holdings in Chart Industries by 142.9% during the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock worth $25,000 after buying an additional 100 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Chart Industries by 129.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock valued at $31,000 after buying an additional 92 shares in the last quarter. Finally, Fairway Wealth LLC acquired a new position in shares of Chart Industries in the fourth quarter worth about $34,000.

Wall Street Analysts Forecast Growth

GTLS has been the subject of several recent analyst reports. Barclays lifted their price target 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. The Goldman Sachs Group set a $180.00 target price on shares of Chart Industries and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Stifel Nicolaus decreased their price target on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley lowered their price objective on Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Finally, Wells Fargo & Company reduced their target price on Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a report on Tuesday, April 1st. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $200.00.

Chart Industries Stock Performance

Chart Industries stock opened at $142.60 on Friday. The firm has a 50 day simple moving average of $148.97 and a 200-day simple moving average of $169.23. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 0.55 and a beta of 1.71. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.51 and a quick ratio of 1.21. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.02. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $1.02 billion. Chart Industries had a return on equity of 13.93% and a net margin of 5.93%. The firm's quarterly revenue was up 38.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.49 earnings per share. On average, analysts expect that Chart Industries, Inc. will post 9.02 EPS 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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