Woodmont Investment Counsel LLC Sells 1,490 Shares of Chart Industries, Inc. (NYSE:GTLS)

Woodmont Investment Counsel LLC lowered its holdings in Chart Industries, Inc. (NYSE:GTLS) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,292 shares of the industrial products company’s stock after selling 1,490 shares during the period. Woodmont Investment Counsel LLC’s holdings in Chart Industries were worth $5,018,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of GTLS. Smartleaf Asset Management LLC grew its position in shares of Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 92 shares during the period. Fairway Wealth LLC bought a new position in shares of Chart Industries in the 4th quarter valued at about $34,000. Blue Trust Inc. grew its position in shares of Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 65 shares during the period. Spire Wealth Management grew its position in shares of Chart Industries by 183.8% in the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 125 shares during the period. Finally, Lindbrook Capital LLC grew its position in shares of Chart Industries by 43.4% in the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 69 shares during the period.

Chart Industries Price Performance

Shares of Chart Industries stock opened at $155.34 on Monday. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. 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 company has a 50-day simple moving average of $186.85 and a two-hundred day simple moving average of $167.12. The stock has a market capitalization of $7.10 billion, a price-to-earnings ratio of 45.03, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the firm earned $2.25 EPS. Chart Industries’s revenue for the quarter was up 9.0% compared to the same quarter last year. Analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

Insiders Place Their Bets

In other news, VP Gerald F. Vinci bought 175 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $147.89 per share, with a total value of $25,880.75. Following the acquisition, the vice president now directly owns 475 shares in the company, valued at $70,247.75. This represents a 58.33 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jillian C. Evanko bought 350 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the acquisition, the chief executive officer now owns 137,666 shares in the company, valued at approximately $20,698,083.10. This trade represents a 0.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 1,109 shares of company stock worth $160,845 in the last quarter. 0.95% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

GTLS has been the subject of a number of analyst reports. Stifel Nicolaus lifted their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Barclays lifted their price objective on shares of Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. TD Cowen raised their target price on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Wells Fargo & Company cut their target price on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group raised their target price on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Chart Industries has an average rating of “Moderate Buy” and a consensus target price of $196.08.

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.