Carillon Tower: “GTLS Should Benefit From the Build-Out in Liquefied Natural Gas Infrastructure”

·2 min read

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Small Cap Growth Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. Small-cap stocks overall posted rather lackluster returns in the first quarter of 2022. There was, however, a notable level of disparity between the two style indexes, as the Russell 2000® Growth Index (down 12.63%) significantly lagged its Russell 2000® Value Index (down 2.40%) counterpart for the sixth consecutive quarter.  Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Carillon Eagle Small Cap Growth Fund mentioned Chart Industries, Inc. (NASDAQ:GTLS) and explained its insights for the company. Founded in 1992, Chart Industries, Inc. (NASDAQ:GTLS) is a Ball Ground, Georgia-based standard and custom-engineered products and systems manufacturer with a $5.9 billion market capitalization. Chart Industries, Inc. (NASDAQ:GTLS) delivered a 1.77% return since the beginning of the year, while its 12-month returns are up by 11.09%. The stock closed at $162.31 per share on June 28, 2022.

Here is what Carillon Eagle Small Cap Growth Fund has to say about Chart Industries, Inc. (NASDAQ:GTLS) in its Q1 2022 investor letter:

"Chart Industries (NASDAQ:GTLS) manufactures highly engineered equipment servicing multiple applications in the energy and industrial gas markets. After cooling off slightly in the previous quarter, the firm’s shares resumed their move higher. We believe the company should benefit from the build-out in liquefied natural gas infrastructure to assist European nations in their efforts to reduce their reliance on Russian natural gas. Additionally, Chart’s long-term fundamentals remain strong as the company continues to be positioned to benefit from clean-energy trends such as hydrogen, carbon capture, and water treatment."

15 fastest growing industries in the world
15 fastest growing industries in the world

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Our calculations show that Chart Industries, Inc. (NASDAQ:GTLS) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Chart Industries, Inc. (NASDAQ:GTLS) was in 29 hedge fund portfolios at the end of the first quarter of 2022, compared to 25 funds in the previous quarter. Chart Industries, Inc. (NASDAQ:GTLS) delivered a -7.11% return in the past 3 months.

In June 2022, we also shared another hedge fund’s views on Chart Industries, Inc. (NASDAQ:GTLS) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.