5 Best Stocks to Buy According to Billionaire Mario Gabelli

4. GATX Corporation (NYSE: GATX)

Number of Hedge Fund Holders: 17  

GATX Corporation (NYSE: GATX) is a Chicago-based equipment finance company. It is placed fourth on our list of 10 best stocks to buy according to billionaire Mario Gabelli. Regulatory filings reveal that GAMCO Investors owned more than 1.7 million shares in the company at the end of June 2021. These represent 1.29% of the portfolio and are worth over $153 million. Gabelli has trimmed GAMCO’s stake in the firm by 2% when compared to the first quarter. 

On July 16, investment advisory Cowen upgraded GATX Corporation (NYSE: GATX) stock to Outperform from Market Perform with a price target of $101. Matt Elkott, an analyst at the firm, issued the ratings update. 

At the end of the fourth quarter of 2020, 17 hedge funds in the database of Insider Monkey held stakes worth $216 million in GATX Corporation (NYSE: GATX), up from 16 in the previous quarter worth $203 million.