Billionaire Mario Gabelli’s Top 15 Stock Picks

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1. Herc Holdings Inc. (NYSE:HRI)

Number of Hedge Fund Holders: 26 

GAMCO Investors’ Stake: $227.3 million    

Herc Holdings Inc. (NYSE:HRI) operates as an equipment rental supplier. This company is an excellent investment option for the following reasons. As per the report for the third quarter of 2024, the rental revenue recorded was $866 million, an increase of 13%, highlighting strong demand and growth in that specific segment. Also, total revenues were $965 million, showing an increase of 6%, signaling solid performance across the company, and positioning it well for future growth. It has featured in the GAMCO portfolio consistently since the third quarter of 2016, making it one of the long-term stock picks of Mario Gabelli.

While we acknowledge the potential of Herc Holdings Inc. (NYSE:HRI) as an investment, our conviction lies in the belief that some stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a stock that is more promising than Herc Holdings Inc. (NYSE:HRI) but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

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