Short Interest in Chart Industries, Inc. (NYSE:GTLS) Rises By 19.8%

Chart Industries, Inc. (NYSE:GTLS - Get Free Report) was the recipient of a significant growth in short interest in 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 presently 10.9 days.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GTLS shares. Craig Hallum raised their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Morgan Stanley upgraded Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 price objective for the company in a research report on Monday, September 16th. The Goldman Sachs Group reduced their target price on Chart Industries from $168.00 to $144.00 and set a "neutral" rating on the stock in a research report on Thursday, August 29th. Bank of America lowered their price target on Chart Industries from $185.00 to $165.00 and set a "buy" rating for the company in a report on Monday, October 14th. Finally, Stifel Nicolaus boosted their price objective on shares of Chart Industries from $198.00 to $200.00 and gave the company a "buy" rating in a report on Monday, November 4th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Chart Industries currently has an average rating of "Moderate Buy" and a consensus target price of $178.82.

Chart Industries Stock Down 1.2 %

Chart Industries stock traded down $2.35 during midday trading on Friday, reaching $193.25. The company's stock had a trading volume of 479,043 shares, compared to its average volume of 1,130,140. The company has a market cap of $8.27 billion, a P/E ratio of 56.01, a P/E/G ratio of 0.99 and a beta of 1.71. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The business has a 50-day simple moving average of $143.84 and a 200-day simple moving average of $139.98. Chart Industries has a fifty-two week low of $101.60 and a fifty-two week high of $196.91.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings data 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). 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 in the previous year, the business posted $1.28 EPS. The firm's revenue for the quarter was up 18.3% compared to the same quarter last year. On average, research analysts expect that Chart Industries will post 9.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Chart Industries news, CEO Jillian C. Evanko bought 440 shares of Chart Industries stock in a transaction dated Thursday, September 5th. The stock was acquired at an average cost of $114.31 per share, with a total value of $50,296.40. Following the purchase, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. This represents a 0.35 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Linda S. Harty acquired 5,000 shares of the business's stock in a transaction on Monday, September 16th. The shares were purchased at an average price of $48.05 per share, with a total value of $240,250.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at $240,250. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 7,152 shares of company stock valued at $482,278. Corporate insiders own 0.95% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in shares of Chart Industries in the third quarter valued at approximately $251,000. Teachers Retirement System of The State of Kentucky raised its position in Chart Industries by 7.7% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 30,785 shares of the industrial products company's stock worth $3,822,000 after buying an additional 2,211 shares during the last quarter. Geode Capital Management LLC raised its position in Chart Industries by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company's stock worth $123,318,000 after buying an additional 19,534 shares during the last quarter. Bullseye Asset Management LLC acquired a new stake in shares of Chart Industries in the 3rd quarter worth $270,000. Finally, M&T Bank Corp purchased a new stake in shares of Chart Industries in the third quarter valued at about $231,000.

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.