Billionaire Mario Gabelli’s Top 15 Stock Picks

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4. GATX Corporation (NYSE:GATX)

Number of Hedge Fund Holders: 16   

GAMCO Investors’ Stake: $180.4 million 

GATX Corporation (NYSE:GATX) is a railcar leasing firm. The following elements demonstrate why this company is an excellent investment choice. First of all, the company showed strong financial results for the third quarter of 2024, with net income significantly rising to $89 million, or $2.43 per share. The company saw robust demand in its Rail North America sector, maintaining a high fleet utilization rate and achieving a surge in lease revenues. Secondly, GATX Corporation announced its acquisition of 156 locomotives from Progress Rail for an undisclosed amount. The acquired fleet mix is consistent with GATX’s locomotive fleet strategy. Moreover, the company is heavily invested in making Digital and Automated Coupling (DAC) and is digitizing railcar maintenance workshops across Europe.

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