Chart Industries, Inc. (NYSE:GTLS) Sees Large Decrease in Short Interest

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GTLS. Craig Hallum lifted their price objective on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price for the company in a research report on Monday, September 16th. Wells Fargo & Company lowered their price target on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. BTIG Research upped their target price on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday. Finally, Raymond James reissued a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Three 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $181.42.

Chart Industries Trading Down 2.9 %

Shares of GTLS stock opened at $196.51 on Wednesday. Chart Industries has a 1-year low of $101.60 and a 1-year high of $204.23. The firm’s 50-day simple moving average is $160.93 and its 200-day simple moving average is $143.25. The firm has a market cap of $8.41 billion, a P/E ratio of 56.96, a PEG ratio of 1.01 and a beta of 1.86. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.

Chart Industries (NYSE:GTLS) last released 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 firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.28 earnings per share. As a group, equities analysts forecast that Chart Industries will post 9.03 EPS for the current year.

Institutional Trading of Chart Industries

Several large investors have recently added to or reduced their stakes in the stock. King Luther Capital Management Corp lifted its stake in shares of Chart Industries by 2.9% during the third quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock worth $128,100,000 after purchasing an additional 29,139 shares in the last quarter. Geode Capital Management LLC lifted its position in Chart Industries by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock worth $123,318,000 after acquiring an additional 19,534 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Chart Industries by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock worth $99,673,000 after acquiring an additional 32,442 shares during the period. Fisher Asset Management LLC grew its position in Chart Industries by 2.3% in the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock valued at $73,551,000 after acquiring an additional 13,181 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Chart Industries by 90.9% during the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after purchasing an additional 262,592 shares during the period.

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.