Hong Kong-based Athos Capital acquired 57,860 shares of Chart Industries worth $11.6 million, making it their third-largest holding. The stock price for GTLS was $205.88 as of Monday, up 11% in the past year. Chart Industries manufactures equipment for energy and industrial gas industries, generating revenue through various segments.

Athos Capital disclosed a new position in Chart Industries, acquiring 57,860 shares valued at $11.6 million, constituting 7.3% of their reported assets under management. Chart Industries is a leading provider of cryogenic and heat transfer equipment, serving global customers in energy, industrial gases, and specialty markets.

Top holdings for Athos Capital include BEKE, KVUE, GTLS, LBRDK, and TXNM. Chart Industries posted record orders of $1.68 billion in the third quarter, with a backlog exceeding $6 billion. The company focuses on innovation and aftermarket services, positioning itself as a key supplier in the transition to cleaner energy solutions.

Chart Industries’ agreement with Baker Hughes for acquisition at $210 per share impacts trading dynamics. Despite strong financial performance, the deal introduces time risk. The company’s operational strength and diversified customer base support its attractiveness in the market. The acquisition terms were announced in late July, influencing investment strategies.

Read more at Yahoo Finance: Why an $11.6 Million Chart Industries Stake Matters With a $210 Per Share Deal on the Table