Carl Icahn is one of the world’s wealthiest hedge fund managers. According to Forbes, Icahn’s net worth as of 2021 is over $15.1 billion. Due to his aggressive investing endeavors, which have resulted in the corporate takeover of many companies, Icahn has earned the name “corporate raider.” Icahn invests in companies with the goal of pressuring management to boost shareholder value. Occidental Petroleum Corporation, Newell Brands, and Xerox are among Carl Icahn’s noteworthy hedge fund holdings as of the first quarter of 2021. Icahn Enterprises L.P. was founded by Icahn and he is the majority stakeholder. The corporation reported $3.4 billion in revenue and $162 million in net profits in the first quarter of 2021. The company’s board of directors declared a quarterly dividend of $2.00 per depositary unit, which will be paid on June 30, 2021.
Insider Monkey discusses the list of the 10 best stocks to buy according to billionaire Carl Icahn. Herc Holdings Inc. and its subsidiaries operate as an equipment rental company in the United States and internationally. Aerial, material handling, earthmoving, compaction, compressors, and lighting equipment are all part of the company’s offerings. Its quarterly earnings of $1.10 per share outperformed the $0.25 per share consensus projection. According to billionaire Carl Icahn, Cloudera, Inc. ranks 9th among the top ten stocks to buy. A deal between KKR and Clayton Dubilier & Rice to buy the company and take it private is nearing completion. In the fourth quarter of 2020, the company recorded revenue of $226.6 million, up 7% over the previous year. FirstEnergy Corp. is a company that generates, transmits, and distributes electricity in the United States. According to billionaire Carl Icahn, the stock is ranked eighth among the finest stocks to purchase. The corporation has earned a name for itself in the country’s electricity business. Xerox Holdings Corporation is another tech business on billionaire Carl Icahn’s list of top stocks to purchase. In the first quarter of 2021, the firm reported total revenue of $1.71 billion, down 8.1 percent year over year. Groupe CT, Canada’s premier independent document management company, was bought by Xerox. The company has issued a $0.25 per share quarterly dividend on its common stock. Navistar International Corporation is a manufacturer and distributor of commercial vehicles, diesel engines, school and commercial buses, and repair parts. According to billionaire Carl Icahn, the company is number six on his list of the top ten companies to purchase. Navistar had $5 million in adjusted net income in the first quarter of the fiscal year 2021, compared to a loss of $33 million the previous year. For companies that top Carl Icahn’s list, click 10 Best Stocks to Buy According to Billionaire Carl Icahn.