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

Chart Industries, Inc. (NYSE:GTLS - Get Free Report) saw a significant decrease in short interest in January. As of January 15th, there was short interest totalling 5,020,000 shares, a decrease of 21.3% from the December 31st total of 6,380,000 shares. Based on an average daily volume of 820,800 shares, the days-to-cover ratio is presently 6.1 days.

Institutional Investors Weigh In On Chart Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. Archford Capital Strategies LLC lifted its holdings in Chart Industries by 2.2% in the 4th quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company's stock worth $433,000 after purchasing an additional 48 shares during the last quarter. MML Investors Services LLC lifted its holdings in Chart Industries by 3.3% during the 3rd quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company's stock valued at $245,000 after purchasing an additional 63 shares during the last quarter. Blue Trust Inc. lifted its holdings in Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 65 shares during the last quarter. Choreo LLC boosted its position in 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 buying an additional 102 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its stake in Chart Industries by 2.4% during the third 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 last quarter.

Chart Industries Stock Down 1.3 %

NYSE:GTLS traded down $2.72 during trading hours on Monday, hitting $208.88. 638,148 shares of the company's stock traded hands, compared to its average volume of 633,083. The stock's fifty day moving average price is $199.30 and its two-hundred day moving average price is $156.43. The firm has a market cap of $8.94 billion, a P/E ratio of 60.54, a P/E/G ratio of 0.63 and a beta of 1.84. 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 has a twelve month low of $101.60 and a twelve month high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts' consensus estimates of $2.56 by ($0.38). The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. Chart Industries's revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 EPS. On average, research analysts expect that Chart Industries will post 9.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GTLS has been the topic of several recent analyst reports. Barclays dropped their target price on Chart Industries from $146.00 to $145.00 and set an "equal weight" rating on the stock in a report on Monday, November 4th. 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 report on Monday, October 14th. BTIG Research boosted their price target on shares of Chart Industries from $170.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Stifel Nicolaus raised their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a research report on Tuesday, December 31st. Finally, Craig Hallum increased their target price 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. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $188.75.

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.