Athos Capital Acquires 57,860 Shares of Chart Industries Worth $11.6 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Fool
- New Stake Disclosure: Athos Capital disclosed a new position in Chart Industries on November 12, acquiring 57,860 shares valued at approximately $11.6 million, making it the fund's third-largest holding and reflecting confidence in the company's future growth prospects.
- Asset Allocation Insight: This acquisition represents 7.3% of Athos Capital's $159.6 million in reportable U.S. equity assets, indicating the fund's strategic emphasis on Chart Industries within its diversified portfolio, potentially enhancing overall investment returns.
- Market Performance Analysis: Chart Industries shares are priced at $205.88, reflecting an 11% increase over the past year, although slightly underperforming the S&P 500's 16% gain, indicating relative stability in the company's market position.
- Order Growth Momentum: Chart Industries reported record orders of $1.68 billion in the third quarter, up nearly 44% year-over-year, signaling robust demand in the LNG and specialty products sectors, further solidifying its market standing.
GTLS
$205.9+Infinity%1D
Analyst Views on GTLS
Wall Street analysts forecast GTLS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GTLS is 210.00 USD with a low forecast of 210.00 USD and a high forecast of 210.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
0 Buy
4 Hold
0 Sell
Hold
Current: 205.910
Low
210.00
Averages
210.00
High
210.00
Current: 205.910
Low
210.00
Averages
210.00
High
210.00
About GTLS
Chart Industries, Inc. is engaged in the designing, engineering, and manufacturing of process technologies and equipment for gas and liquid molecule handling for the Nexus of Clean-clean power, clean water, clean food, and clean industrials, regardless of molecule. The Company's Cryo Tank Solutions segment designs and manufactures and supplies bulk, microbulk and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases and certain hydrocarbons. Its Heat Transfer Systems segment facilitates natural gas, petrochemical processing, petroleum refining, power generation and industrial gas companies in the production or processing of their products. Its Specialty Products segment supplies highly engineered equipment and process technologies used in specialty end-market applications for hydrogen and helium, LNG, biofuels, carbon capture, food and beverage, metals and mining, aerospace, space exploration, lasers, and water treatment, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
