We recently published a list of 14 Most Expensive Stocks Insiders Are Buying In March. In this article, we are going to take a look at where Chart Industries, Inc. (NYSE:GTLS) stands against other most expensive stocks insiders are buying in March.
President Donald Trump is preparing to announce “Liberation Day” tariffs on April 2, introducing so-called reciprocal tariffs as retaliation for tariffs imposed by other countries. While the announcement would represent a significant expansion of U.S. tariffs, experts familiar with the matter indicate it is expected to be more targeted than the broad, global approach, writes Bloomberg.
The stock market is reacting to these reports with the broader market gaining 1.5%, blue-chip companies advancing around 1.2% and the NASDAQ Composite being up more than 2%.
As investors digest daily developments, uncertainty continues to weigh on the market. During such times, insider trading often draws attention, as executive stock purchases may signal confidence in a company’s future. However, insider selling doesn’t always indicate doubt—it could reflect personal financial needs or diversification strategies. Executives often use pre-set plans like 10b5-1 to ensure transparency. While insider trading offers valuable clues, it should be considered alongside financial health, market trends, and industry shifts.
A fast-paced trading floor with brokers in motion with the Hong Kong stock exchange in the backdrop.
Which stocks are insiders buying at the highest prices this month? To find out, we used Insider Monkey’s insider trading stock screener, focusing only on stocks where at least two insiders had purchased shares in March. From there, we ranked the 14 stocks with the highest average price per share.
Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
With each stock, we note the average price per share of these purchases and the stock’s market capitalization.
An extensive industrial gas facility with many storage tanks.
Chart Industries, Inc. (NYSE:GTLS)
Market Capitalization: $7.40 billion
Chart Industries, Inc. (NYSE:GTLS) is a global manufacturer of specialized equipment for the production, storage, and use of hydrocarbon and industrial gases, offering solutions across the liquid gas supply chain. The company operates 64 manufacturing sites and over 50 service centers worldwide, providing engineering, installation, maintenance, and digital monitoring services.
Recently, Chart Industries, Inc. (NYSE:GTLS) announced that Blue Spruce Operating LLC has chosen them to supply the Nitrogen Rejection Unit (NRU), helium processing technology, and related equipment for their Dry Piney Helium and Carbon Sequestration Project in Sublette County, Wyoming.
For the full year 2024, Chart Industries (NYSE:GTLS) reported $4.16 billion in sales, a 17.5% increase from the previous year. EBITDA was $914 million, with an adjusted operating income margin of 21.1%, up 400 basis points from 2023.
In March, five insiders, including the company’s president and CEO, bought a total of approximately $209,970 worth of Chart Industries shares at an average price of $146.15 per share. Currently, the stock trades at $155.18 per share, down 18.69% year-to-date and 2.71% over the past 12 months.
Thirteen analysts have given Chart Industries (NYSE:GTLS) stock an average “Moderate Buy” rating with a price target of $196.08 per share, according to MarketBeat. This price target represents an upside of 26.23% from the latest price.
Overall, GTLS ranks 3rd on our list of the most expensive stocks insiders are buying in March. While we acknowledge the potential of GTLS our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GTLS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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