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

Chart Industries, Inc. (NYSE:GTLS) was the recipient 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 trading volume of 831,000 shares, the short-interest ratio is currently 10.9 days.

Chart Industries Price Performance

NYSE GTLS opened at $193.40 on Tuesday. Chart Industries has a 1 year low of $101.60 and a 1 year high of $196.91. The business’s fifty day moving average is $143.84 and its two-hundred day moving average is $139.86. The stock has a market capitalization of $8.28 billion, a P/E ratio of 55.44, a P/E/G ratio of 0.99 and a beta of 1.71. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) 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 company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the firm earned $1.28 earnings per share. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, research analysts forecast that Chart Industries will post 9.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Paul E. Mahoney bought 500 shares of Chart Industries stock in a transaction on Wednesday, September 11th. The stock was purchased at an average cost of $106.55 per share, with a total value of $53,275.00. Following the purchase, the director now directly owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. This trade represents a 31.11 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Linda S. Harty purchased 5,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was purchased at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $240,250. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 7,152 shares of company stock valued at $482,278 over the last quarter. Insiders own 0.95% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Chart Industries in the third quarter worth $34,000. UMB Bank n.a. lifted its stake in Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 255 shares in the last quarter. Byrne Asset Management LLC acquired a new stake in Chart Industries during the 2nd quarter worth about $40,000. Ecofi Investissements SA purchased a new position in Chart Industries during the 2nd quarter valued at about $50,000. Finally, Mendota Financial Group LLC increased its holdings in shares of Chart Industries by 46.2% in the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 203 shares during the period.

Analyst Upgrades and Downgrades

Several analysts recently commented on GTLS shares. Bank of America lowered their target price on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Evercore ISI raised Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Barclays reduced their price objective 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. Wells Fargo & Company lowered their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Finally, Stifel Nicolaus upped their price target on shares of Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.82.

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.