Is Chart Industries (GTLS) an Attractive Investment Now?

Scout Investments, an affiliate of Carillon Tower Advisers, an investment management company, released its “Carillon Scout Small Cap Fund” third quarter 2022 investor letter. You can download a copy of the same here. The fund underperformed in the quarter relative to its Russell 2000 Growth Index benchmark. Macroeconomic headwinds affected the performance of the fund in the quarter. As per the letter, investors prefer growth stocks to value stocks, as small-cap growth stocks outperformed small-cap value stocks during the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Carillon Tower Advisers highlighted stocks like Chart Industries, Inc. (NYSE:GTLS) in its Q3 2022 investor letter. Headquartered in Ball Ground, Georgia, Chart Industries, Inc. (NYSE:GTLS) is an engineered equipment manufacturer. On December 30, 2022, Chart Industries, Inc. (NYSE:GTLS) stock closed at $115.23 per share. One-month return of Chart Industries, Inc. (NYSE:GTLS) was -15.48%, and its shares lost 25.08% of their value over the last 52 weeks. Chart Industries, Inc. (NYSE:GTLS) has a market capitalization of $4.904 billion.

Carillon Tower Advisers made the following comment about Chart Industries, Inc. (NYSE:GTLS) in its Q3 2022 investor letter:

Chart Industries, Inc. (NYSE:GTLS) makes engineered cryogenic equipment for the energy and industrial gas industries. The company continues to report solid operating results and recorded record orders, driven by both its liquefied natural gas (LNG) and specialty products businesses. Additionally, the ongoing conflict in Ukraine has created significant industry enthusiasm for LNG projects.”

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Chart Industries, Inc. (NYSE:GTLS) is not on our 30 Most Popular Stocks Among Hedge Funds list. As per our database, 22 hedge fund portfolios held Chart Industries, Inc. (NYSE:GTLS) at the end of the third quarter, which was 26 in the previous quarter.

We discussed Chart Industries, Inc. (NYSE:GTLS) in another article and shared Baron Funds’ views on the company. In addition, please check out our hedge fund investor letters Q3 2022 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.