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

Chart Industries, Inc. (NYSE:GTLS) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 7,160,000 shares, an increase of 5.6% from the August 31st total of 6,780,000 shares. Based on an average trading volume of 701,500 shares, the days-to-cover ratio is presently 10.2 days.

Insider Activity

In other Chart Industries news, Director Paul E. Mahoney purchased 500 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the acquisition, the director now owns 2,107 shares in the company, valued at $224,500.85. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Jillian C. Evanko acquired 440 shares of the stock in a transaction on Thursday, September 5th. The shares were acquired at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the transaction, the chief executive officer now owns 125,448 shares in the company, valued at approximately $14,339,960.88. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul E. Mahoney bought 500 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the transaction, the director now directly owns 2,107 shares in the company, valued at $224,500.85. The disclosure for this purchase can be found here. Insiders have purchased a total of 7,152 shares of company stock worth $482,278 over the last 90 days. 0.95% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Chart Industries

Several institutional investors have recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Chart Industries in the 2nd quarter valued at about $864,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Chart Industries in the 2nd quarter valued at about $296,000. Sanctuary Advisors LLC purchased a new position in shares of Chart Industries in the 2nd quarter valued at about $520,000. B. Riley Wealth Advisors Inc. purchased a new stake in Chart Industries during the second quarter worth approximately $923,000. Finally, Ecofi Investissements SA purchased a new stake in Chart Industries during the second quarter worth approximately $50,000.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GTLS. Stifel Nicolaus reiterated a “buy” rating and set a $199.00 target price on shares of Chart Industries in a research report on Monday, August 26th. Barclays decreased their target price on Chart Industries from $193.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th. Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price on the stock in a research report on Monday, September 16th. Wells Fargo & Company decreased their price objective on Chart Industries from $179.00 to $151.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Finally, Craig Hallum decreased their price objective on Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $180.45.

Chart Industries Trading Down 3.4 %

Shares of NYSE:GTLS traded down $4.27 during midday trading on Tuesday, reaching $119.87. 644,991 shares of the company’s stock were exchanged, compared to its average volume of 613,477. The firm’s 50 day simple moving average is $123.98 and its two-hundred day simple moving average is $142.08. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.98. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 119.87, a P/E/G ratio of 0.39 and a beta of 1.70. Chart Industries has a fifty-two week low of $101.60 and a fifty-two week high of $171.68.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 earnings per share. As a group, sell-side analysts forecast that Chart Industries will post 10.72 EPS 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.