5 Best Stocks to Buy According to Billionaire Mario Gabelli

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1. Herc Holdings Inc. (NYSE: HRI)

Number of Hedge Fund Holders: 20     

Herc Holdings Inc. (NYSE: HRI) is ranked first on our list of 10 best stocks to buy according to billionaire Mario Gabelli. The firm operates as an equipment rental supplier. It is headquartered in Florida. According to the latest filings, GAMCO Investors owned more than 2.5 million shares in the firm at the end of June 2021 that are worth over $291 million, representing 2.46% of the portfolio. Gabelli has trimmed GAMCO’s stake in the company by 8% compared to the first quarter of the year. 

On July 23, investment advisory Barclays reiterated an Overweight rating on Herc Holdings Inc. (NYSE: HRI) stock and raised the price target to $135 from $128. Adam Seiden, an analyst at the firm, issued the ratings update. 

Out of the hedge funds being tracked by Insider Monkey, Florida-based investment firm Icahn Capital LP is a leading shareholder in Herc Holdings Inc. (NYSE: HRI) with 4.4 million shares worth more than $503 million.  

You can also take a peek at 10 Best Healthcare Dividend Stocks to Buy Now and 10 Dividend Stocks with Over 20 Years of Dividend Increases.

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