Chart Industries, Inc. (NYSE:GTLS) Short Interest Down 6.5% in November

Chart Industries, Inc. (NYSE:GTLS) was the recipient of a significant drop in short interest during the month of 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 days-to-cover ratio is currently 10.2 days.

Institutional Investors Weigh In On Chart Industries

Institutional investors have recently added to or reduced their stakes in the business. King Luther Capital Management Corp raised its holdings in Chart Industries by 2.9% during the third quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock worth $128,100,000 after purchasing an additional 29,139 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Chart Industries by 2.0% during the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock worth $123,318,000 after purchasing an additional 19,534 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Chart Industries by 4.2% during the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock worth $99,673,000 after purchasing an additional 32,442 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Chart Industries by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock valued at $73,551,000 after purchasing an additional 13,181 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Chart Industries by 90.9% in the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after purchasing an additional 262,592 shares during the period.

Chart Industries Stock Down 2.9 %

Chart Industries stock opened at $196.51 on Wednesday. The firm has a market capitalization of $8.41 billion, a P/E ratio of 56.96, a P/E/G ratio of 1.01 and a beta of 1.86. The stock’s fifty day simple moving average is $160.93 and its 200-day simple moving average is $143.25. Chart Industries has a twelve month low of $101.60 and a twelve month high of $204.23. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company’s revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.28 EPS. As a group, equities analysts expect that Chart Industries will post 9.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on GTLS. 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 decreased their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. BTIG Research raised their price target on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday. Raymond James reaffirmed a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Finally, 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. 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.42.

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.