Cryogenic storage tanks
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Why One Fund Sold $5 Million of Chart Industries Stock
Yahoo Finance· 2026-01-24 21:38
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]
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]
Penn Capital Dumps Entire Chart Industries Stake
Yahoo Finance· 2025-11-25 13:10
Company Overview - Chart Industries manufactures engineered equipment for the energy and industrial gas sectors, including cryogenic storage tanks, heat exchangers, LNG transport systems, and specialty products for hydrogen, CO2 capture, and biogas applications [4] - The company generates revenue through the sale of capital equipment, aftermarket services, and leasing solutions, with a diversified offering across cryogenic and heat transfer technologies [4] - Chart Industries serves industrial gas producers, energy companies, LNG operators, and specialty end-markets such as aerospace, food and beverage, and water treatment globally [7] - The company leverages advanced manufacturing and process technology expertise to address complex applications in LNG, hydrogen, and specialty gas markets [8] Financial Performance - As of November 21, 2025, Chart Industries reported a revenue of $4.29 billion and a net income of $79.4 million [3] - The share price was $203.50, reflecting a one-year price change of 15.57%, outperforming the total return of the S&P 500 by 3.1 percentage points [3] Recent Developments - Penn Capital Management Company sold all its shares in Chart Industries, liquidating its entire 108,881-share position, which had a net reported value change of $17.98 million compared to the previous quarter [2][5] - The sale reduced Penn Capital's stake in Chart Industries from 1.6% of AUM last quarter to zero [3] - The exit from the position was not due to any underlying issues with Chart's business but was likely influenced by Chart's upcoming acquisition by Baker Hughes [9]