Here’s Why You Should Remain Positive in Chart Industries (GTLS)

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Small Cap Growth Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. Small-cap stocks overall posted minor gains in the final quarter of 2021. In what has become a common theme, the Russell 2000® Growth Index (up 0.02%) trailed its Russell 2000® Value Index (up 4.36%) counterpart for the fifth consecutive quarter. Sector returns across the Russell 2000 Growth Index were mostly positive, with the defensively oriented utilities (up 14.18%) and real estate (up 13.94%) sectors leading the way. Industrials (up 9.73%), financials (up 9.05%), and consumer staples (up 5.67%) also provided returns that outpaced the benchmark. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Carillon Eagle Small Cap Growth Fund, in its Q4 2021 investor letter, mentioned Chart Industries, Inc. (NASDAQ: GTLS) and discussed its stance on the firm. Chart Industries, Inc. is a Ball Ground, Georgia-based manufacturing company with a $4.4 billion market capitalization. GTLS delivered a -23.95% return since the beginning of the year, while its 12-month returns are down by -21.02%. The stock closed at $121.30 per share on February 11, 2022.

Here is what Carillon Eagle Small Cap Growth Fund has to say about Chart Industries, Inc. in its Q4 2021 investor letter:

“Chart Industries manufactures highly engineered equipment servicing multiple applications in the energy and industrial gas markets. After an impressive run, modest profit-taking caused the firm’s shares to cool slightly. Despite some recent order delays and supply chain difficulties, the company’s long-term fundamentals remain strong as it continues to be well-positioned to benefit from a number of trends in the clean energy space. In addition to its core position in liquefied natural gas, some of the more compelling opportunities the company has invested in recently are hydrogen, carbon capture, and water treatment. On a positive note, the company recently announced that it had secured orders for four separate liquefaction projects.”

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Our calculations show that Chart Industries, Inc. (NASDAQ: GTLS) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. GTLS was in 22 hedge fund portfolios at the end of the third quarter of 2021, compared to 27 funds in the previous quarter. Chart Industries, Inc. (NASDAQ: GTLS) delivered a -36.75% return in the past 3 months.

In November 2021, we also shared another hedge fund’s views on GTLS in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.