Chart Industries, Inc. (NYSE:GTLS) Short Interest Update

Chart Industries, Inc. (NYSE:GTLS) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 8,470,000 shares, a decrease of 6.5% from the November 15th total of 9,060,000 shares. Based on an average daily volume of 830,300 shares, the days-to-cover ratio is presently 10.2 days.

Chart Industries Price Performance

Chart Industries stock traded up $4.54 during trading hours on Monday, hitting $202.41. The stock had a trading volume of 1,562,612 shares, compared to its average volume of 663,914. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The stock has a market capitalization of $8.67 billion, a price-to-earnings ratio of 58.67, a PEG ratio of 1.01 and a beta of 1.86. Chart Industries has a 1-year low of $101.60 and a 1-year high of $204.23. The stock’s fifty day moving average is $159.49 and its two-hundred day moving average is $142.97.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The company had revenue of $1.06 billion for 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 firm’s revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.28 EPS. As a group, analysts predict that Chart Industries will post 9.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GTLS shares. Wells Fargo & Company dropped their price objective on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. The Goldman Sachs Group dropped their price objective on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a report on Monday, September 16th. Stifel Nicolaus upped their price objective on Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $190.00 price objective on shares of Chart Industries in a report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $181.42.

Institutional Trading of Chart Industries

Large investors have recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new stake in shares of Chart Industries during the third quarter valued at $34,000. Byrne Asset Management LLC acquired a new stake in Chart Industries in the 2nd quarter worth about $40,000. UMB Bank n.a. boosted its stake in 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 buying an additional 255 shares during the last quarter. Ecofi Investissements SA acquired a new stake in Chart Industries in the 2nd quarter worth about $50,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in Chart Industries in the 2nd quarter worth about $91,000.

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.