Aristotle Capital Boston, LLC, an investment advisor, released its “Small Cap Equity Strategy” second quarter 2024 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund delivered a return of -1.56% net of fees (-1.41% gross of fees) outperforming the Russell 2000 Index’s -3.28% total return. Security selection drove the outperformance while allocation effects also contributed. For more information on the fund’s best picks in 2024, please check its top five holdings.
Aristotle Small Cap Equity Strategy highlighted stocks like Chart Industries, Inc. (NYSE:GTLS) in its Q2 2024 investor letter. Chart Industries, Inc. (NYSE:GTLS) engages in the designing, engineering, and manufacturing of process technologies and equipment for gas and liquid molecules. The one-month return of Chart Industries, Inc. (NYSE:GTLS) was 11.73%, and its shares lost 5.83% of their value over the last 52 weeks. On July 26, 2024, Chart Industries, Inc. (NYSE:GTLS) stock closed at $161.27 per share with a market capitalization of $6.903 billion.
Aristotle Small Cap Equity Strategy stated the following regarding Chart Industries, Inc. (NYSE:GTLS) in its Q2 2024 investor letter:
“Chart Industries, Inc. (NYSE:GTLS), an industrial equipment manufacturer that provides cryogenic equipment for storage, distribution, and other processes within the industrial gas and LNG, hydrogen, helium, carbon capture and water treatment industries was added to the portfolio. Strong forward demand for LNG and accelerating hydrogen opportunities coupled with company-specific improvement initiatives should benefit the company moving forward.”
An extensive industrial gas facility with many storage tanks.
Chart Industries, Inc. (NYSE:GTLS) is not on our list of 31 Most Popular Stocks Among Hedge Funds. As per our database, 48 hedge fund portfolios held Chart Industries, Inc. (NYSE:GTLS) at the end of the first quarter which was 41 in the previous quarter. While we acknowledge the potential of Chart Industries, Inc. (NYSE:GTLS) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
In another article, we discussed Chart Industries, Inc. (NYSE:GTLS) and shared best fast growth stocks to buy now. In addition, please check out our hedge fund investor letters Q2 2024 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
