Woodstock Corp Acquires Shares of 12,497 Chart Industries, Inc. $GTLS

Key Points

• Woodstock Corp has acquired a new stake of 12,497 shares in Chart Industries, Inc., valued at approximately $2,058,000.
• Multiple institutional investors have increased their positions in Chart Industries, with significant increases from OneDigital Investment Advisors LLC (13.2%) and GAMMA Investing LLC (118.6%) in the first quarter.
• Chart Industries recently downgraded its earnings forecast, reporting earnings per share of $2.59 for the quarter, which was $0.03 below the consensus estimate.

Woodstock Corp purchased a new position in Chart Industries, Inc. (NYSE:GTLS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,497 shares of the industrial products company's stock, valued at approximately $2,058,000.

Other large investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in shares of Chart Industries during the 1st quarter valued at about $25,000. Global X Japan Co. Ltd. raised its position in shares of Chart Industries by 142.9% during 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 in the last quarter. Brooklyn Investment Group raised its position in shares of Chart Industries by 19,900.0% during the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock valued at $29,000 after buying an additional 199 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of Chart Industries during the 1st quarter valued at about $30,000. Finally, Hughes Financial Services LLC purchased a new stake in shares of Chart Industries during the 1st quarter valued at about $44,000.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on GTLS shares. Barclays decreased their target price on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. Cowen lowered Chart Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, July 30th. The Goldman Sachs Group set a $180.00 target price on shares of Chart Industries and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Craig Hallum downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 29th. Finally, Raymond James Financial reiterated a "market perform" rating on shares of Chart Industries in a research note on Wednesday, July 30th. Four investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, Chart Industries presently has an average rating of "Hold" and an average target price of $202.00.

Chart Industries Stock Down 0.2%

GTLS traded down $0.44 during trading on Friday, hitting $199.39. The stock had a trading volume of 1,389,979 shares, compared to its average volume of 1,355,502. The stock has a 50 day simple moving average of $191.81 and a two-hundred day simple moving average of $163.87. The company has a market capitalization of $8.96 billion, a PE ratio of 37.06, a PEG ratio of 1.16 and a beta of 1.67. Chart Industries, Inc. has a twelve month low of $104.60 and a twelve month high of $220.03. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.27 and a current ratio of 1.55.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.62 by ($0.03). The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.11 billion. Chart Industries had a return on equity of 13.71% and a net margin of 6.29%. On average, research analysts predict 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.