Chart Industries Exit Comes With a $210 Takeout Clock and $6 Billion Backlog

1 week ago 8

Jonathan Ponciano, The Motley Fool

Thu, January 29, 2026 astatine 5:48 AM CST 4 min read

Paradice Investment Management reported successful a January 28 SEC filing that it sold retired of Chart Industries (NYSE:GTLS), with an estimated transaction worth of $11.77 million.

According to an SEC filing dated January 28, Paradice Investment Management sold each 58,813 shares of its Chart Industries (NYSE:GTLS), during the 4th quarter. As a result, the quarter-end worth of the involvement dropped by $11.77 million.

Top holdings aft the filing:

NYSE:GMED: $46.10 cardinal (9.0% of AUM)
NASDAQ:TNDM: $45.67 cardinal (8.9% of AUM)
NYSE:NVST: $37.11 cardinal (7.2% of AUM)
NYSE:LEA: $36.86 cardinal (7.2% of AUM)
NYSE:FLS: $35.84 cardinal (7.0% of AUM)

As of January 28, Chart Industries shares were priced astatine $207.27, comparatively level implicit the past twelvemonth and underperforming the S&P 500 by 14.25 percent points.

Metric

Value

Price (as of January 28)	$207.27
Market Capitalization	$9.32 billion
Revenue (TTM)	$4.29 billion
Net Income (TTM)	$66.70 million

Chart Industries manufactures engineered instrumentality for the vigor and concern state sectors, including cryogenic tanks, vigor exchangers, and specialty products for LNG, hydrogen, CO2 capture, and related applications.
The institution generates gross chiefly done the merchantability of specialized instrumentality and aftermarket services specified arsenic installation, maintenance, repair, and leasing solutions.
It serves a planetary lawsuit basal spanning concern state producers, vigor companies, utilities, and clients successful specialty end-markets specified arsenic aerospace, nutrient and beverage, and h2o treatment.

Chart Industries, Inc. is simply a starring supplier of highly engineered cryogenic and vigor transportation equipment. The institution leverages heavy method expertise to present mission-critical solutions for LNG, hydrogen, and concern state infrastructure worldwide. Its diversified merchandise portfolio and beardown aftermarket work capabilities presumption it arsenic a cardinal supplier to vigor modulation and specialty process industries.

What matters present isn’t the trim itself, but timing astir certainty. Once a woody becomes the superior operator of returns, upside compresses portion hazard softly shifts to execution. That tradeoff appears beforehand and halfway for investors reassessing Chart Industries aft its agreed merchantability to Baker Hughes astatine $210 per share.

Operationally, Chart is inactive delivering. Third-quarter orders deed a grounds $1.68 billion, up astir 44% twelvemonth implicit year, pushing backlog to astir $6.05 billion, led by spot successful LNG, information centers, and specialty products. Adjusted operating borderline reached a grounds 22.9%, portion adjusted EPS roseate 27.5% to $2.78, adjacent arsenic GAAP results absorbed deal-related charges tied to the terminated Flowserve merger and the pending Baker Hughes acquisition.

But with shares trading conscionable beneath the $210 currency information and the transaction not expected to adjacent until mid-2026, the stock’s hazard illustration present looks little similar an operating turnaround and much similar a merger-arb placeholder. For a portfolio emphasizing progressive superior recycling, reallocating into higher-conviction industrials oregon cleaner balance-sheet stories makes sense.