Chart Industries, Inc. (NASDAQ:GTLS) Short Interest Update
Chart Industries, Inc. (NASDAQ:GTLS) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 2,917,700 shares, a drop of 7.2% from the July 31st total of 3,142,600 shares. Based on an average daily trading volume, of 539,700 shares, the short-interest ratio is presently 5.4 days. Approximately 9.7% of the shares of the company are short sold.
A number of research firms have commented on GTLS. ValuEngine raised Chart Industries from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research raised Chart Industries from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Thursday, September 5th. Credit Suisse Group started coverage on Chart Industries in a report on Tuesday, August 13th. They set an “outperform” rating and a $83.00 target price on the stock. Raymond James raised Chart Industries from a “market perform” rating to an “outperform” rating and set a $72.00 price target on the stock in a report on Tuesday, August 13th. Finally, Morgan Stanley raised their price target on Chart Industries from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $82.59.
Shares of NASDAQ GTLS traded up $1.39 during mid-day trading on Friday, hitting $70.17. The company had a trading volume of 356,869 shares, compared to its average volume of 348,317. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 34.74 and a beta of 1.20. Chart Industries has a 12 month low of $57.88 and a 12 month high of $95.66. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.00 and a quick ratio of 1.36. The firm’s 50 day simple moving average is $65.39 and its two-hundred day simple moving average is $78.25.
In other news, Director Carey Chen bought 3,403 shares of Chart Industries stock in a transaction on Thursday, August 15th. The shares were bought at an average price of $59.73 per share, with a total value of $203,261.19. Following the acquisition, the director now directly owns 5,500 shares in the company, valued at approximately $328,515. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.28% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC bought a new stake in shares of Chart Industries in the 1st quarter worth approximately $29,000. Oppenheimer Asset Management Inc. acquired a new stake in Chart Industries in the 2nd quarter valued at approximately $52,000. Point72 Hong Kong Ltd increased its position in Chart Industries by 2,000.0% in the 2nd quarter. Point72 Hong Kong Ltd now owns 945 shares of the industrial products company’s stock valued at $73,000 after acquiring an additional 900 shares during the period. Royal Bank of Canada increased its position in Chart Industries by 62.9% in the 2nd quarter. Royal Bank of Canada now owns 1,417 shares of the industrial products company’s stock valued at $108,000 after acquiring an additional 547 shares during the period. Finally, Manchester Capital Management LLC acquired a new stake in Chart Industries in the 1st quarter valued at approximately $110,000.
Chart Industries Company Profile
Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.
See Also: Producer Price Index (PPI)
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