Chart Industries, Inc. (NYSE:GTLS) Short Interest Up 19.8% in November

Chart Industries, Inc. (NYSE:GTLS) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 9,060,000 shares, a growth of 19.8% from the October 31st total of 7,560,000 shares. Based on an average daily volume of 831,000 shares, the days-to-cover ratio is presently 10.9 days.

Wall Street Analysts Forecast Growth

GTLS has been the topic of several analyst reports. The Goldman Sachs Group cut their target price on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Craig Hallum increased their price target on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research 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 price objective for the company in a report on Monday, September 16th. Barclays lowered 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 research note on Monday, November 4th. Finally, Wells Fargo & Company reduced 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. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Chart Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.82.

Insider Activity

In other Chart Industries news, CEO Jillian C. Evanko acquired 440 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the acquisition, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. This represents a 0.35 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul E. Mahoney bought 500 shares of the stock in a transaction on Wednesday, September 11th. The shares were acquired at an average cost of $106.55 per share, with a total value of $53,275.00. Following the acquisition, the director now directly owns 2,107 shares in the company, valued at approximately $224,500.85. This trade represents a 31.11 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 7,152 shares of company stock valued at $482,278 over the last three months. 0.95% of the stock is owned by insiders.

Institutional Trading of Chart Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its stake in shares of Chart Industries by 5.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,321 shares of the industrial products company’s stock worth $5,324,000 after buying an additional 1,627 shares during the last quarter. Tidal Investments LLC boosted its position in Chart Industries by 18.1% during the first quarter. Tidal Investments LLC now owns 4,906 shares of the industrial products company’s stock valued at $808,000 after purchasing an additional 752 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in Chart Industries by 6.5% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 28,574 shares of the industrial products company’s stock valued at $4,707,000 after purchasing an additional 1,753 shares during the last quarter. First Hawaiian Bank grew its stake in Chart Industries by 10.8% in the second quarter. First Hawaiian Bank now owns 1,925 shares of the industrial products company’s stock valued at $278,000 after purchasing an additional 187 shares in the last quarter. Finally, Moody National Bank Trust Division increased its position in shares of Chart Industries by 4.2% during the 2nd quarter. Moody National Bank Trust Division now owns 4,810 shares of the industrial products company’s stock worth $694,000 after purchasing an additional 192 shares during the last quarter.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $193.25 on Friday. The company has a fifty day moving average price of $143.84 and a 200 day moving average price of $140.12. The firm has a market cap of $8.27 billion, a PE ratio of 56.01, a PEG ratio of 1.00 and a beta of 1.71. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Chart Industries has a 1-year low of $101.60 and a 1-year high of $196.91.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results 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). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the firm earned $1.28 earnings per share. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. Research analysts predict that Chart Industries will post 9.03 earnings per share for the current fiscal year.

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.