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Is Chart Industries Inc. (GTLS) A Smart Long-Term Buy?

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Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Small Cap Growth Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. Small-cap stocks advanced once again in the first quarter of 2021. However, there was a rather considerable disparity among the two style indexes, as the Russell 2000® Growth Index (up 4.87%) significantly lagged its Russell 2000® Value Index counterpart (up 21.16%). You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

Carillon Eagle Small Cap Growth Fund, in their Q1 2021 investor letter, mentioned Chart Industries, Inc. (NYSE: GTLS), and shared their insights on the company. Chart Industries, Inc. is a Ball Ground, Georgia-based cryogenic equipment manufacturing company that currently has a $5.5 billion market capitalization. Since the beginning of the year, GTLS delivered a 30.69% return, extending its 12-month gains to 348.28%. As of May 04, 2021, the stock closed at $153.94 per share.

Here is what Carillon Eagle Small Cap Growth Fund has to say about Chart Industries, Inc. in their Q1 2021 investor letter:

"Chart Industries manufactures highly engineered equipment used primarily in the production, storage, and transportation of industrial gases. The firm continues to be an impressive performer, reporting another quarter of record revenue growth and meaningfully raised forward guidance for 2021. Chart appears to be attractively positioned to benefit from a number or worldwide clean energy and environmental, social, and governance trends that are firmly in motion. Most notably, its substantial exposure to the potential adoption of hydrogen as an energy source has created excitement among investors. The company has also made a number of recent acquisitions and investments to further bolster its position in other sustainability initiatives such as water treatment and carbon capture."

Our calculations show that Chart Industries, Inc. (NYSE: GTLS) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, Chart Industries, Inc. was in 26 hedge fund portfolios, compared to 20 funds in the third quarter. GTLS delivered an 11.37% return in the past 3 months.

The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

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