Chart Industries, Inc. (NYSE:GTLS) Short Interest Update

Chart Industries, Inc. (NYSE:GTLS - Get Free Report) saw a large drop in short interest in November. As of November 30th, there was short interest totalling 8,470,000 shares, a drop of 6.5% from the November 15th total of 9,060,000 shares. Based on an average daily volume of 830,300 shares, the short-interest ratio is currently 10.2 days.

Analyst Ratings Changes

Several research firms have recently commented on GTLS. Morgan Stanley upgraded Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 price target on the stock in a report on Monday, September 16th. Barclays reduced their price target 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 reduced their price target on Chart Industries from $185.00 to $165.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Wells Fargo & Company reduced their price target on Chart Industries from $151.00 to $146.00 and set an "overweight" rating on the stock in a report on Thursday, October 3rd. Finally, BTIG Research lifted their price target on Chart Industries from $170.00 to $210.00 and gave the stock a "buy" rating in a report on Monday. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Chart Industries has an average rating of "Moderate Buy" and a consensus target price of $181.42.

Chart Industries Stock Up 2.3 %

Shares of Chart Industries stock traded up $4.54 on Monday, reaching $202.41. 1,562,612 shares of the company were exchanged, compared to its average volume of 663,914. Chart Industries has a 1-year low of $101.60 and a 1-year high of $204.23. The company has a market cap of $8.67 billion, a P/E ratio of 58.67, a price-to-earnings-growth ratio of 1.01 and a beta of 1.86. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The stock's 50 day moving average price is $159.49 and its 200-day moving average price is $142.97.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly 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). 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%. The business's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period last year, the company earned $1.28 earnings per share. As a group, equities analysts forecast that Chart Industries will post 9.03 EPS for the current year.

Institutional Investors Weigh In On Chart Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GTLS. Envestnet Portfolio Solutions Inc. lifted its stake in Chart Industries by 3.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company's stock valued at $270,000 after buying an additional 64 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Chart Industries during the second quarter worth approximately $195,000. Byrne Asset Management LLC purchased a new stake in shares of Chart Industries during the second quarter worth approximately $40,000. JB Capital LLC purchased a new stake in shares of Chart Industries during the second quarter worth approximately $1,256,000. Finally, EdgeRock Capital LLC purchased a new stake in shares of Chart Industries during the second quarter worth approximately $252,000.

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.

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