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

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

Chart Industries Stock Up 0.1 %

NYSE GTLS opened at $193.40 on Tuesday. 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 fifty-two week low of $101.60 and a fifty-two week high of $196.91. The business has a 50 day moving average price of $143.84 and a two-hundred day moving average price of $139.86. The stock has a market cap of $8.28 billion, a PE ratio of 55.44, a P/E/G ratio of 0.99 and a beta of 1.71.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $1.10 billion. During the same quarter last year, the company posted $1.28 earnings per share. Chart Industries’s revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, sell-side analysts predict that Chart Industries will post 9.03 EPS for the current fiscal year.

Analyst Ratings Changes

GTLS has been the topic of a number of research reports. Raymond James reissued a “strong-buy” rating and issued a $190.00 price objective on shares of Chart Industries in a research note on Monday. Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Stifel Nicolaus boosted their price target on Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Barclays decreased their price objective on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Finally, The Goldman Sachs Group decreased their price target on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chart Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.82.

Insider Activity at Chart Industries

In related news, CEO Jillian C. Evanko bought 440 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were bought at an average cost 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 of the company’s stock, valued at approximately $14,339,960.88. This trade represents a 0.35 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Linda S. Harty purchased 5,000 shares of Chart Industries stock in a transaction dated Monday, September 16th. The shares were bought at an average price of $48.05 per share, with a total value of $240,250.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $240,250. This trade represents a ∞ 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 in the last ninety days. Insiders own 0.95% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. SIR Capital Management L.P. grew its holdings in Chart Industries by 74.7% during the 2nd quarter. SIR Capital Management L.P. now owns 97,342 shares of the industrial products company’s stock worth $14,050,000 after acquiring an additional 41,626 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Chart Industries by 2.3% during the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock worth $73,551,000 after purchasing an additional 13,181 shares during the last quarter. Premier Fund Managers Ltd bought a new stake in Chart Industries in the third quarter valued at about $733,000. Blueshift Asset Management LLC bought a new stake in Chart Industries in the third quarter valued at about $373,000. Finally, Primecap Management Co. CA acquired a new stake in Chart Industries during the second quarter valued at approximately $14,333,000.

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.