Greenwood Capital Associates LLC Trims Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Greenwood Capital Associates LLC decreased its stake in Chart Industries, Inc. (NYSE:GTLS) by 0.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,907 shares of the industrial products company’s stock after selling 369 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Chart Industries were worth $7,437,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Harvey Capital Management Inc. purchased a new position in shares of Chart Industries during the 3rd quarter valued at approximately $5,107,000. Emerald Advisers LLC raised its position in shares of Chart Industries by 3.8% in the third quarter. Emerald Advisers LLC now owns 252,661 shares of the industrial products company’s stock worth $31,365,000 after acquiring an additional 9,181 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of Chart Industries by 92.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 80,665 shares of the industrial products company’s stock worth $10,014,000 after acquiring an additional 38,728 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Chart Industries by 67.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 54,343 shares of the industrial products company’s stock valued at $6,746,000 after acquiring an additional 21,804 shares during the period. Finally, F M Investments LLC increased its stake in shares of Chart Industries by 31.6% in the 3rd quarter. F M Investments LLC now owns 91,238 shares of the industrial products company’s stock valued at $11,327,000 after purchasing an additional 21,916 shares in the last quarter.

Chart Industries Stock Up 8.8 %

Shares of GTLS opened at $141.43 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The stock has a fifty day simple moving average of $121.62 and a two-hundred day simple moving average of $136.90. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $171.68. The company has a market capitalization of $6.05 billion, a PE ratio of 40.99, a price-to-earnings-growth ratio of 0.61 and a beta of 1.71.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period last year, the company earned $1.28 EPS. As a group, equities analysts forecast that Chart Industries, Inc. will post 9.94 EPS for the current year.

Insider Buying and Selling

In related news, CEO Jillian C. Evanko acquired 440 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were acquired at an average price of $114.31 per share, with a total value of $50,296.40. Following the completion of the transaction, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Paul E. Mahoney bought 500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average cost of $106.55 per share, with a total value of $53,275.00. Following the transaction, the director now directly owns 2,107 shares in the company, valued at $224,500.85. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jillian C. Evanko purchased 440 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average price of $114.31 per share, with a total value of $50,296.40. Following the purchase, the chief executive officer now owns 125,448 shares in the company, valued at $14,339,960.88. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 7,152 shares of company stock valued at $482,278. Corporate insiders own 0.95% of the company’s stock.

Analyst Ratings Changes

GTLS has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their target price on Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a research report on Monday. Barclays reduced their price target on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday. Bank of America lowered their price objective on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target for the company in a research report on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating, seven 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 presently has an average rating of “Moderate Buy” and an average target price of $178.82.

Chart Industries Profile

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.