Why One Fund Sold $5 Million of Chart Industries Stock

Company Overview - Chart Industries manufactures engineered equipment for the energy and industrial gas industries, including cryogenic storage tanks, heat exchangers, LNG equipment, and specialty products for hydrogen, CO2 capture, and biogas [9] - The company generates revenue through the sale of capital equipment, aftermarket services, and leasing solutions across four operating segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing [9] - Chart Industries serves a global customer base in energy, industrial gas, power, food and beverage, aerospace, and specialty end-markets, targeting both large-scale industrial clients and niche applications [9] Recent Developments - On January 23, Iridian Asset Management disclosed a sale of 23,051 shares of Chart Industries, with an estimated transaction value of $4.67 million based on quarterly average pricing [2][3] - The fund reduced its holding in Chart Industries by 23,051 shares during the fourth quarter, ending with 6,326 shares worth $1.30 million [3][7] - The reported quarter-end position value dropped by $4.58 million, reflecting both trading activity and stock price movement [3][7] Financial Metrics - As of January 22, Chart Industries shares were priced at $207.49, down 4% over the past year, underperforming the S&P 500's roughly 14% gain in the same period [4] - The market capitalization of Chart Industries is $9.33 billion, with a revenue of $4.29 billion and a net income of $66.70 million for the trailing twelve months (TTM) [5]