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

Chart Industries, Inc. (NYSE:GTLS) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 5,020,000 shares, a drop of 21.3% from the December 15th total of 6,380,000 shares. Based on an average daily volume of 820,800 shares, the short-interest ratio is presently 6.1 days.

Chart Industries Stock Up 1.1 %

Shares of NYSE GTLS traded up $2.26 during midday trading on Thursday, reaching $215.62. 383,797 shares of the company’s stock traded hands, compared to its average volume of 670,269. The company has a market cap of $9.23 billion, a price-to-earnings ratio of 62.39, a P/E/G ratio of 0.73 and a beta of 1.84. The stock’s 50 day simple moving average is $188.77 and its 200-day simple moving average is $150.69. 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 has a one year low of $101.60 and a one year high of $216.91.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.10 billion. During the same period in the previous year, the business earned $1.28 EPS. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, analysts predict that Chart Industries will post 8.86 EPS for the current fiscal year.

Analyst Ratings Changes

GTLS has been the topic of a number of research analyst reports. BTIG Research boosted their target price on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Wells Fargo & Company lowered their target price on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. 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 lowered their price objective on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, The Goldman Sachs Group boosted their target price on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Three investment 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $188.75.

Institutional Trading of Chart Industries

Several large investors have recently added to or reduced their stakes in GTLS. Ashton Thomas Securities LLC purchased a new position in Chart Industries during the 3rd quarter worth approximately $34,000. UMB Bank n.a. raised its stake in shares of Chart Industries by 418.0% during the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after buying an additional 255 shares during the last quarter. Ecofi Investissements SA acquired a new position in shares of Chart Industries in the 2nd quarter valued at about $50,000. Mendota Financial Group LLC boosted its stake in shares of Chart Industries by 46.2% in the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock worth $80,000 after buying an additional 203 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Chart Industries during the 3rd quarter valued at approximately $87,000.

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.