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

Chart Industries, Inc. (NYSE:GTLS) saw a large 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 trading volume, of 820,800 shares, the days-to-cover ratio is currently 6.1 days.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. 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. Bank of America dropped their target price on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, October 14th. Craig Hallum upped their price target on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. The Goldman Sachs Group lifted their price objective on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Finally, Barclays decreased their target price 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. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Chart Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $188.75.

Chart Industries Stock Up 2.9 %

Chart Industries stock traded up $5.87 during midday trading on Thursday, reaching $211.42. The company’s stock had a trading volume of 417,882 shares, compared to its average volume of 626,614. The business has a 50-day simple moving average of $197.66 and a 200-day simple moving average of $155.52. The company has a market cap of $9.05 billion, a P/E ratio of 61.29, a P/E/G ratio of 0.64 and a beta of 1.84. Chart Industries has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. 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 (NYSE:GTLS) last issued its quarterly earnings data 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). The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 EPS. On average, research analysts expect that Chart Industries will post 9.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chart Industries

Several hedge funds have recently made changes to their positions in the company. National Bank of Canada FI grew its stake in Chart Industries by 328.7% during the 3rd quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock worth $839,000 after buying an additional 5,181 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of Chart Industries by 248.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock valued at $2,744,000 after acquiring an additional 15,862 shares during the period. Fisher Asset Management LLC increased 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 acquiring an additional 13,181 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. raised its position in Chart Industries by 26.7% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock valued at $1,813,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Blueshift Asset Management LLC acquired a new stake in Chart Industries during the 3rd quarter worth $373,000.

About Chart Industries

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.