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

Several other hedge funds have also modified their holdings of GTLS. Opal Wealth Advisors LLC acquired a new position in Chart Industries in the 1st quarter valued at about $25,000. Global X Japan Co. Ltd. increased its stake in shares of 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 valued at $25,000 after acquiring an additional 100 shares during the period. Brooklyn Investment Group boosted its stake in Chart Industries by 19,900.0% in the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock worth $29,000 after purchasing an additional 199 shares during the period. SVB Wealth LLC purchased a new stake in Chart Industries in the 1st quarter worth approximately $30,000. Finally, Hughes Financial Services LLC bought a new position in Chart Industries in the 1st quarter worth $44,000.

Chart Industries Stock Down 0.2%

NYSE:GTLS traded down $0.44 during mid-day trading on Friday, hitting $199.39. 1,389,979 shares of the company's stock traded hands, compared to its average volume of 1,270,102. The company has a fifty day moving average of $192.44 and a 200 day moving average of $164.10. The company has a market capitalization of $8.96 billion, a P/E ratio of 37.06, a P/E/G 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 announced its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.59 EPS for the quarter, missing the consensus estimate of $2.62 by ($0.03). Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. On average, analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Johnson Rice downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price target for the company. in a report on Wednesday, July 30th. Lake Street Capital lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price objective on the stock. in a research report on Wednesday, July 30th. BTIG Research lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Hsbc Global Res raised shares of Chart Industries to a "hold" rating in a research report on Wednesday, July 30th. Finally, The Goldman Sachs Group set a $180.00 price target on shares of Chart Industries and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Four research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. According to MarketBeat, Chart Industries presently has a consensus rating of "Hold" and a consensus target price of $202.00.

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.