In this article, we will take a detailed look at the 10 stocks insiders are buying in March. We previously covered the top 10 insider purchases last month.
As President Donald Trump’s on-again, off-again tariff policy continues, so does turbulence in the stock market. The broader market declined by 10.1% from its record close in February, officially entering a correction.
According to Adam Turnquist, chief technical strategist for LPL Financial, uncertainty about tariffs is among the main culprits behind the selling pressure. This week, all three major indexes have declined by more than 4%, reports CNBC.
On Wednesday, the Bureau of Labor Statistics reported that February’s prices for food and services rose less than many experts expected. The consumer price index increased by a seasonally adjusted 0.2% for the month, bringing the annual inflation rate to 2.8%, slightly below economists’ projections.
Amid all this uncertainty, the question is: Could this be the right time to buy the best stocks? History has shown that buying undervalued stocks often presents great growth opportunities. Will there be growth soon? It’s hard to predict, though some analysts are betting on the growth potential of AI technology.
At times like these, it might be useful to look over recent insider trades, because executives usually have more insights into their companies. For example, when a CEO or CFO buys company stock, it can indicate strong confidence in the business’s future.
Conversely, insider selling doesn’t always indicate a lack of confidence; it can result from personal financial needs or efforts to diversify investment portfolios. Executives often carry out these transactions through pre-arranged plans (such as 10b5-1 plans), designed to prevent any perception of improper timing.
While insider activity can provide valuable insights, it’s crucial to evaluate it alongside other factors, including the company’s financial health, market trends, and industry developments.
A close up of a trader on a trading floor busily pushing buttons.
Our Methodology
To identify the 10 stocks insiders are buying in March we used Insider Monkey’s insider trading stock screener and looked for stocks where at least three insiders bought shares this month. With each stock, we note the number of insiders who recently bought shares and the company’s market capitalization.
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).
Let’s take a look at the 10 stocks insiders are buying in March.
10. Chart Industries, Inc. (NYSE:GTLS)
Number of Insiders Buying: 4
Market Capitalization: $6.52 billion
Chart Industries is an independent global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases. The company offers a diverse range of products and solutions for stationary and rotating equipment across every stage of the liquid gas supply chain—from engineering and installation to preventive maintenance and digital monitoring. It has 64 manufacturing sites and over 50 service centers across the United States, Asia, Australia, India, Europe, and South America.
For 2024, the company reported sales of $4.16 billion, up 17.5% year-over-year, with orders totaling $5.01 billion, up 13% from 2023. EBITDA was $914.0 million, an increase of 330 bps (basis points) from 2023. Operating income of $647.5 million (15.6% of sales) or $876.3 million when adjusted for unusual items primarily related to integration and headcount restructuring, resulted in a 21.1% adjusted operating income margin, an increase of 400 bps from the prior year.
In March, four insiders, including the company’s president and CEO, acquired around $160,843 worth of Chart Industries shares at an average price of $145.24 per share. Since the beginning of the year, Chart Industries shares dropped 23.39%, and the stock now trades at $146.21. Over the past 12 months, the stock rose 1.51%.
Eleven Wall Street analysts have given a “Strong Buy” rating on Chart Industries stock with a price target of $216.60, according to TipRanks.
This is also one of the 15 best fast growth stocks to buy right now.
9. Celanese Corporation (NYSE:CE)
Number of Insiders Buying: 4
Market Capitalization: $5.80 billion
Celanese Corporation is a chemicals company that caters to the needs of industrial users. Previously known as Hoechst Celanese, the company is one of the world’s leading producers of acetic acid, and of vinyl acetate monomer. Celanese operates 25 production plants and six research centers in 11 countries, mainly in North America, Europe, and Asia.
Recently, the company reported full-year 2024 U.S. GAAP diluted loss per share of $13.86 and adjusted earnings per share of $8.37. The company generated net sales of $10.3 billion, a 6% decrease from the previous year.
In March, four insiders purchased a total of around $644,178 worth of Celanese Corporation shares at an average price of $54.51. Currently, the stock is trading at $56.05 per share, having declined 19.01% since the beginning of the year, and 64.47% over the past 12 months.
The consensus rating on Celanese stock from 15 analysts is “Hold” with a price target of $70.86, according to StockAnalysis.
