5 Favorite Stocks of Mario Gabelli

In this article, we discuss 5 favorite stocks of Mario Gabelli. If you want to see more of the top holdings in the billionaire’s portfolio, click 10 Favorite Stocks of Mario Gabelli. 

5. GATX Corporation (NYSE:GATX)

GAMCO Investors’ Stake Value: $175,707,000

Percentage of GAMCO Investors’ 13F Portfolio: 1.50%

Number of Hedge Fund Holders: 14

GATX Corporation (NYSE:GATX) was established in 1898 and is headquartered in Chicago, Illinois. The company leases freight railcars and locomotives to the petroleum, chemical, agriculture, and transportation industries. In the fourth quarter of 2021, Mario Gabelli’s GAMCO Investors owned 1.6 million shares of GATX Corporation (NYSE:GATX), worth $175.70 million, representing 1.50% of the total 13F securities. 

Financial results for the quarter ending March 2022 were published on April 20. GATX Corporation (NYSE:GATX) reported earnings per share of $2.34, beating analysts’ consensus estimates by $0.95. The $316.60 million revenue missed Street predictions by $6.15 million. 

GATX Corporation (NYSE:GATX) declared on April 22 a $0.52 per share quarterly dividend, in line with previous. The dividend is payable on June 30, to shareholders of record on June 15. Sidoti analyst Marla Backer upgraded GATX Corporation (NYSE:GATX) to Buy from Neutral with a $130 price target on February 2. 

According to Insider Monkey’s Q4 data, 14 hedge funds were long GATX Corporation (NYSE:GATX), up from 12 funds in the prior quarter. The total stakes held by elite funds in the fourth quarter of 2021 amounted to $215 million. Israel Englander’s Millennium Management is a prominent shareholder of the company, with 179,109 shares worth $18.6 million.