Chart Industries, Inc. GTLS
Baker Hughes' $13.6 billion acquisition of Chart Industries closed on July 16, 2026, with GTLS shares converting to $210.00 in cash — confirmed by multiple insider dispositions that day at exactly $210.00 with zero shares remaining post-transaction. The stock last traded at $209.90, leaving a negligible $0.10 spread.
With EU conditional approval secured on July 10 and S&P removing GTLS from the MidCap 400 effective July 17, the transaction is effectively complete and there is no remaining upside for new or existing holders.
What could go wrong
- Deal unwind risk. Though the deal appears closed, any post-close legal challenge or regulatory reversal could theoretically unwind the transaction, though this is extremely unlikely given EU approval and insider cash-outs.
- Settlement timing. Shareholders still holding may face a brief delay between deal close and cash settlement, during which the stock could trade at a minor discount to $210.00.
What would change my mind
Where this comes from: Reuters news June 22, 2026 · Reuters news July 10, 2026 · PRNewsWire July 14, 2026 · Insider transaction filings July 16, 2026. Orin's read on GTLS; not advice.
Twelve months actual closes to 2026-07-16 · actual filings
50-day average 200-day average · volume below
On file
All GTLS filingsLargest holders · 13F Q2 2026
Money flow| Filer | Position | Of fund |
|---|---|---|
| Brasada Capital Management | $626.8M | 0.1% of fund |
| Vanguard Capital Management | $442.8M | 0.0% of fund |
| Vanguard Portfolio Management | $406.9M | 0.0% of fund |
| Jpmorgan Chase & | $342.8M | 0.0% of fund |
| Millennium Management | $314.3M | 0.1% of fund |
| Goldman Sachs Group | $299.0M | 0.0% of fund |
76 filers · quarter ended Q2 2026 · positions, not flows
Insiders, last 24 months: 167 Form 4 filings, net −$13.7M. Of the 50 on hand, none was an open-market trade— the rest are grants, option exercises and tax withholding.
Ask Orin about GTLS
Orin answers questions about GTLS from its filings, transcripts and numbers — with the source behind every claim. Your own desk starts with 3 free days, card required.
Start 3 free days →Where it trades
| Metric | Now | Own median | Sector |
|---|---|---|---|
| EV/EBITDA | 26.0× | — | — |
| P/S | 2.42× | — | — |
| P/B | 3.0× | — | — |
20.1%
free-cash-flow growth every year for 10 years, discounted at 10%, is what today’s price implies — starting from $0.2B of trailing free cash flow. It is an assumption the market is making, not a forecast Orin is making.
What Wall Street published
$194
$160 – $240 · −8% against today's price
- 20 buy or overweight
- 17 hold
- 0 underweight or sell
The analysts’ consensus and their own ratings, not Orin’s. A target is a twelve-month opinion published by the firm that wrote it.
Against the companies it is compared to
| Company | Market cap | P/E | EV/EBITDA | Gross | Net | ROE |
|---|---|---|---|---|---|---|
| GTLSChart Industries, Inc. | $10B | — | 26.0× | 31.3% | -0.6% | -1% |
| CLHClean Harbors, Inc. | $17B | 37.9× | 15.7× | 26.6% | 7.0% | 16% |
| CRCrane Company | $12B | 35.3× | 22.5× | 41.7% | 13.0% | 16% |
| FELEFranklin Electric Co., Inc. | $4B | 27.5× | 16.3× | 35.5% | 7.1% | 12% |
| FLSFlowserve Corporation | $10B | 26.8× | 15.7× | 35.1% | 8.0% | 17% |
| IEXIDEX Corporation | $17B | 33.0× | 20.1× | 44.7% | 14.5% | 13% |
| MIDDThe Middleby Corporation | $5B | — | — | 38.0% | -13.2% | -18% |
| SAIASaia, Inc. | $9B | 33.1× | 14.8× | 16.1% | 8.2% | 11% |
The median is of the 6 peers listed above and nothing else — check it against the column. The peer set is the vendor’s, so a company can appear here that a person would not have chosen.
What it has traded at
What its sector has traded at
Two scales, drawn separately on purpose: a sector median and one company’s multiple are not the same number and putting them on one axis invites a comparison neither series supports.
Every estimate on one scale
The vertical rule is the current price. Ranges and point estimates are the backend’s, published as they were calculated; an arrow means the estimate sits beyond this scale, and its number is on the right.