Carl Icahn (Trades, Portfolio) of Icahn Capital Management LP recently increased his stakes in three positions, while also adding a new position to his portfolio of 27 stocks, valued at $31.89 billion and a quarter over quarter turnover rate of 2%.
Here's a look at his latest additions:
Hertz Global Holdings Inc (HTZ, Financial)
Icahn increased his stakes in HTZ by 33.82% when he purchased 13,122,405 shares at an average price of $22.58/share. 4.1% of his portfolio consists of HTZ. Icahn's 51,922,405 shares are valued at $1.294 billion.
Hertz was incorporated in Delaware in 2005 as a car and truck rental business. The company is also involved in leasing and equipment renting.
The company's current earnings per share for the past 12 months has been $0.76, with a growth rate of 41.50%. The stock is currently trading at $23.90/share and the P/E ratio is 31.37.
Last August, the activist investor challenged the company's management, claiming the team was lacking in confidence and a month later, Mark Frissora was no longer the CEO of the company.
Icahn Enterprises LP (IEP, Financial)
Icahn increased his stakes in IEP by 1.49% when he purchased 1,598,191 shares of IEP at an average price of $101.03/share. He now owns 108,810,845 shares, valued at $10.061 billion after the transaction was made and has impacted his portfolio by 31.5%.
Icahn Enterprises was formed in Delaware in 1987. The company is a diversified holding company, engaged in investment, automotive, energy, metals, railcar, gaming, food packaging, real estate and home fashion.
The stock is currently trading at $98.25/share, although the Peter Lynch earnings line indicates the stock holds a value of $92.80/share, which means the stock may be overvalued.
Over the past 12 months, earnings per share was $12.79 and the growth rate was 30.40%. The current P/E ratio is 7.69.
Revenue per share for the past 12 months as of September 2014 was $176.30, with the growth rate at -4.30%. The company's revenue has been declining during this past year. The curent P/S ratio is 0.56
Manitowoc Co Inc (MTW, Financial)
Icahn added MTW to his portfolio during 4Q2014 and purchased 4,492,631 shares at an average price of $21.58/share, which had a 0.31% impact on his overall portfolio. On January 16, he increased his stakes by 0.47%, leaving him with 10,582,660 shares after the transaction.
Manitowoc was founded in Wisconsin in 1902 as a multi-industry, capital goods manufacturer that operates in two markets: Cranes and Related Products and Foodservice Equipment.
The stock is currently trading at $21.58/share. The Lynch earnings line is at $22.40, indicating the stock may be undervalued.
The company's Revenue per Share over the past 12 months was $28.87, with a growth rate at -3.90%. Manitowoc's revenue has been declining over the past 12 months.
Earnings per share over the past 12 months was $0.95, and the P/E ratio is currently 22.62.
To view the portfolios of more gurus, visit the List of Gurus page. Not a premium member of GuruFocus? Try it free for 7 days.
