Redwood Investments LLC Trims Position in Chart Industries, Inc. (NYSE:GTLS)

Redwood Investments LLC lessened its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 73.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,220 shares of the industrial products company's stock after selling 72,965 shares during the period. Redwood Investments LLC owned about 0.06% of Chart Industries worth $3,575,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Kercheville Advisors LLC raised its stake in Chart Industries by 8.1% during the 4th quarter. Kercheville Advisors LLC now owns 2,335 shares of the industrial products company's stock worth $318,000 after buying an additional 175 shares during the period. Woodmont Investment Counsel LLC raised its stake in Chart Industries by 39.8% during the 4th quarter. Woodmont Investment Counsel LLC now owns 21,260 shares of the industrial products company's stock worth $2,898,000 after buying an additional 6,056 shares during the period. Mendota Financial Group LLC acquired a new position in Chart Industries during the 4th quarter worth approximately $77,000. A. D. Beadell Investment Counsel Inc. raised its stake in Chart Industries by 48.6% during the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 7,275 shares of the industrial products company's stock worth $991,000 after buying an additional 2,380 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Chart Industries by 18.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 38,276 shares of the industrial products company's stock worth $5,218,000 after buying an additional 6,081 shares during the period.

Chart Industries Price Performance

NYSE GTLS traded down $4.72 on Monday, hitting $160.00. The stock had a trading volume of 506,515 shares, compared to its average volume of 644,584. Chart Industries, Inc. has a 52-week low of $105.89 and a 52-week high of $184.65. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.88 and a current ratio of 1.19. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 421.05, a price-to-earnings-growth ratio of 0.47 and a beta of 1.70. The firm has a 50-day moving average of $136.38 and a 200-day moving average of $137.70.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its earnings results on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.12. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the prior year, the company posted $1.67 EPS. The business's revenue for the quarter was up 130.0% compared to the same quarter last year. Equities analysts expect that Chart Industries, Inc. will post 11.63 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GTLS. Wells Fargo & Company increased their price objective on Chart Industries from $155.00 to $172.00 and gave the stock an "overweight" rating in a research note on Friday, March 1st. Raymond James raised Chart Industries from an "outperform" rating to a "strong-buy" rating and set a $190.00 price objective for the company in a research note on Thursday, January 4th. UBS Group raised Chart Industries from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $152.00 to $170.00 in a research note on Tuesday, March 19th. Finally, TD Cowen increased their price target on Chart Industries from $230.00 to $260.00 and gave the company an "outperform" rating in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Chart Industries has an average rating of "Moderate Buy" and an average price target of $194.42.

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.