5 Best Stocks to Buy According to Billionaire Mario Gabelli

3. GATX Corporation (NYSE:GATX)

GAMCO Investors’ Stake Value: $150,967,000

Percentage of GAMCO Investors’ 13F Portfolio: 1.65%   

Number of Hedge Fund Holders: 17

Both GATX Corporation’s (NYSE:GATX) stock and its popularity among smart money investors seem to be on the rise in the past few quarters. Out of the 895 hedge funds tracked by Insider Monkey, only 12 disclosed a stake in the railcar leasing company at the end of September last year, but that number jumped to 17 at the end of June 2022. Similarly, GATX Corporation’s (NYSE:GATX) stock has also appreciated by over 14% in the last one year, unaffected by the downtrend in the broader market.

GATX Corporation (NYSE:GATX) is a favorite stock to hold among investors seeking dividends. The company has consistently paid a dividend every year for the last 32 years and currently pays an annual dividend of $2.08, which, based on the stock’s last closing price, translates to a dividend yield of more than 2%. Furthermore, in the last 11 years, GATX Corporation (NYSE:GATX) has increased its dividend every year. These distinctions helped the company to make it to Insider Monkey’s recently published lists of 5 Best Railroad Stocks that Pay Dividends and 10 Best Railroad Stocks to Invest In.