Woodmont Investment Counsel LLC Has $3.45 Million Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Woodmont Investment Counsel LLC lifted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 17.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,782 shares of the industrial products company's stock after purchasing an additional 4,131 shares during the period. Woodmont Investment Counsel LLC owned about 0.06% of Chart Industries worth $3,449,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of GTLS. Allspring Global Investments Holdings LLC bought a new stake in shares of Chart Industries during the 1st quarter valued at $30,000. UMB Bank n.a. increased its stake in Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company's stock worth $39,000 after purchasing an additional 255 shares during the period. Byrne Asset Management LLC purchased a new position in Chart Industries during the second quarter valued at approximately $40,000. Ecofi Investissements SA bought a new position in Chart Industries in the second quarter worth about $50,000. Finally, Covestor Ltd boosted its position in shares of Chart Industries by 509.8% in the 1st quarter. Covestor Ltd now owns 372 shares of the industrial products company's stock worth $61,000 after purchasing an additional 311 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GTLS shares. Wells Fargo & Company decreased their target price on Chart Industries from $151.00 to $146.00 and set an "overweight" rating for the company in a report on Thursday, October 3rd. Morgan Stanley raised Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 target price for the company in a research note on Monday, September 16th. Bank of America cut their price target on shares of Chart Industries from $185.00 to $165.00 and set a "buy" rating for the company in a report on Monday, October 14th. Stifel Nicolaus raised their price target on shares of Chart Industries from $198.00 to $200.00 and gave the company a "buy" rating in a research note on Monday. Finally, Barclays dropped their target price on shares of Chart Industries from $146.00 to $145.00 and set an "equal weight" rating for the company in a report on Monday. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chart Industries has an average rating of "Moderate Buy" and an average target price of $178.82.

Chart Industries Stock Performance

GTLS traded down $2.11 during trading on Thursday, reaching $163.90. The company's stock had a trading volume of 740,358 shares, compared to its average volume of 642,078. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The company's fifty day moving average price is $123.28 and its 200-day moving average price is $137.06. 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 $7.02 billion, a price-to-earnings ratio of 48.10, a price-to-earnings-growth ratio of 0.73 and a beta of 1.71.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings data 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). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.10 billion. During the same quarter in the prior year, the firm earned $1.28 earnings per share. Chart Industries's quarterly revenue was up 18.3% on a year-over-year basis. On average, equities analysts forecast that Chart Industries, Inc. will post 9 earnings per share for the current fiscal year.

Insider Transactions at Chart Industries

In related news, Director Linda S. Harty purchased 5,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was acquired at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the transaction, the director now directly owns 5,000 shares of the company's stock, valued at $240,250. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Chart Industries news, Director Linda S. Harty purchased 5,000 shares of the company's stock in a transaction dated Monday, September 16th. The shares were bought at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at $240,250. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul E. Mahoney purchased 500 shares of the business's stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average price of $106.55 per share, with a total value of $53,275.00. Following the completion of the acquisition, the director now owns 2,107 shares of the company's stock, valued at approximately $224,500.85. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 7,152 shares of company stock worth $482,278. 0.95% of the stock is currently owned by insiders.

Chart Industries Company 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.