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 January. As of January 15th, there was short interest totalling 5,020,000 shares, a drop of 21.3% from the December 31st total of 6,380,000 shares. Based on an average daily trading volume, of 820,800 shares, the days-to-cover ratio is presently 6.1 days.

Chart Industries Stock Up 2.9 %

Shares of GTLS stock traded up $5.87 during mid-day trading on Thursday, hitting $211.42. The stock had a trading volume of 417,882 shares, compared to its average volume of 626,614. Chart Industries has a 12-month low of $101.60 and a 12-month high of $220.03. 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 firm’s 50-day moving average is $197.66 and its two-hundred day moving average is $155.52. The firm has a market capitalization of $9.05 billion, a P/E ratio of 61.29, a price-to-earnings-growth ratio of 0.64 and a beta of 1.84.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (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 for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company earned $1.28 earnings per share. The firm’s revenue was up 18.3% on a year-over-year basis. On average, analysts predict that Chart Industries will post 9.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Craig Hallum upped their price target on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Barclays lowered their price target 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, November 4th. Raymond James reissued a “strong-buy” rating and set a $190.00 price objective on shares of Chart Industries in a research note on Monday, December 2nd. Stifel Nicolaus raised their price objective on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Finally, BTIG Research boosted their target price on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chart Industries has an average rating of “Moderate Buy” and a consensus price target of $188.75.

Institutional Trading of Chart Industries

Institutional investors have recently modified their holdings of the company. Archford Capital Strategies LLC lifted its stake in shares of Chart Industries by 2.2% during the fourth quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company’s stock worth $433,000 after buying an additional 48 shares during the period. MML Investors Services LLC raised its stake in Chart Industries by 3.3% in the 3rd quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock worth $245,000 after acquiring an additional 63 shares during the last quarter. Blue Trust Inc. lifted its position in Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 65 shares during the period. Choreo LLC increased its holdings in shares of Chart Industries by 2.4% in the fourth quarter. Choreo LLC now owns 4,292 shares of the industrial products company’s stock valued at $818,000 after purchasing an additional 102 shares during the period. Finally, Glenmede Trust Co. NA increased its holdings in Chart Industries by 2.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,794 shares of the industrial products company’s stock worth $595,000 after buying an additional 114 shares during the period.

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.