5 Favorite Stocks of Mario Gabelli

1. Herc Holdings Inc. (NYSE:HRI)

GAMCO Investors’ Stake Value: $316,232,000

Percentage of GAMCO Investors’ 13F Portfolio: 2.7%

Number of Hedge Fund Holders: 27

Herc Holdings Inc. (NYSE:HRI) is the largest holding in Mario Gabelli’s Q4 portfolio, with his hedge fund owning more than 2 million shares of the company, worth $316.2 million. Herc Holdings Inc. (NYSE:HRI) is a Florida-based company that rents aerial, earthmoving, material handling, trucks, air compressors, compaction, and lighting equipment in the United States. 

On April 21, Herc Holdings Inc. (NYSE:HRI)’s Q1 results were reported. The company posted earnings per share of $1.95, missing estimates by $0.01. Revenue for the period increased 25% year-over-year to $567.30 million, outperforming market consensus by $14.53 million. 

Baird analyst Mircea Dobre on April 22 lowered the price target on Herc Holdings Inc. (NYSE:HRI) to $158 from $161 and maintained a Neutral rating on the shares. The analyst believes further upside is limited since extremely robust expectations are already reflected in the guidance and estimates. The analyst’s medium-term view remains unchanged.

According to Insider Monkey’s database, Herc Holdings Inc. (NYSE:HRI) was found in the public stock portfolios of 27 hedge funds at the end of the fourth quarter of 2021, compared to 24 funds in the prior quarter. Carl Icahn’s Icahn Capital LP is the biggest shareholder of Herc Holdings Inc. (NYSE:HRI), with more than 4 million shares worth roughly $630 million.

You can also take a look at 7 Best Stocks to Buy Now According to Bill Ackman and 10 Best Stocks to Buy Now According to Billionaire David Harding. 

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