Engineered cryogenic and heat transfer equipment
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Why This Fund Made a $72 Million Bet on a Stock Headed for a $210 Per Share Takeout
Yahoo Finance· 2026-01-13 19:11
Group 1 - Syquant Capital initiated a new position in Chart Industries by acquiring 350,458 shares in the fourth quarter, with an estimated transaction value of $72.28 million based on average quarterly pricing [2][3][7] - The new position represents 8.84% of Syquant Capital's reportable 13F assets under management [4][7] - As of January 12, 2026, Chart Industries shares were priced at $206.71, reflecting a 3.81% increase over the past year, although underperforming the S&P 500 by 13.79 percentage points [4][5] Group 2 - Chart Industries, Inc. specializes in engineered equipment, including cryogenic storage tanks, heat exchangers, and process technology, primarily serving the energy and industrial gas sectors [9][10] - The company generates revenue through the design, manufacture, and sale of highly engineered equipment and aftermarket services, with a diversified product portfolio supporting LNG, hydrogen, CO2 capture, and industrial gases [9][10] - Key customers include participants in various industries such as energy, industrial gas, aerospace, food and beverage, and water treatment, highlighting the company's broad market presence [10]