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Greenwood Capital Associates LLC Sells 15,793 Shares of Chart Industries, Inc. (NYSE:GTLS)

Chart Industries logo with Industrial Products background

Greenwood Capital Associates LLC trimmed its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 26.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,114 shares of the industrial products company's stock after selling 15,793 shares during the period. Chart Industries makes up about 1.1% of Greenwood Capital Associates LLC's portfolio, making the stock its 22nd largest holding. Greenwood Capital Associates LLC owned 0.10% of Chart Industries worth $8,419,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in Chart Industries during the third quarter valued at approximately $34,000. Blue Trust Inc. lifted its position in shares of Chart Industries by 56.0% during 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 last quarter. Spire Wealth Management boosted its stake in shares of Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock worth $37,000 after acquiring an additional 125 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company's stock worth $39,000 after acquiring an additional 255 shares during the last quarter. Finally, Mendota Financial Group LLC raised its position in shares of Chart Industries by 46.2% during the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company's stock worth $80,000 after purchasing an additional 203 shares during the period.

Wall Street Analysts Forecast Growth

GTLS has been the subject of a number of recent analyst reports. BTIG Research increased their price target on Chart Industries from $170.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Stifel Nicolaus lifted their target price on shares of Chart Industries from $200.00 to $231.00 and gave the stock a "buy" rating in a research report on Tuesday, December 31st. Raymond James restated a "strong-buy" rating and issued a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Bank of America cut their target price on shares of Chart Industries from $185.00 to $165.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. Finally, Barclays decreased their target price on Chart Industries from $146.00 to $145.00 and set an "equal weight" rating for the company in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Chart Industries has a consensus rating of "Moderate Buy" and a consensus price target of $188.75.

View Our Latest Research Report on GTLS

Chart Industries Stock Down 2.8 %

Shares of GTLS traded down $5.63 during midday trading on Friday, reaching $196.59. 906,046 shares of the stock were exchanged, compared to its average volume of 618,130. The company has a market cap of $8.42 billion, a price-to-earnings ratio of 56.98, a P/E/G ratio of 0.63 and a beta of 1.84. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The firm has a 50 day simple moving average of $200.18 and a 200-day simple moving average of $157.47.

Chart Industries Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Chart Industries (NYSE:GTLS)

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