Navistar sounds like the GPS company but it isn't. The global
manufacturer of International brand commercial trucks, large
vehicles, and diesel engines Navistar International Corp.
is one stock on the keep-buying lists of Gurus
. The GAMCO Investors' Chairman and Chief Executive Officer
owns 4,463,160 shares of NAV, valued as $97 million, as of Dec.
31, 2012. His NAV holdings account for 0.71% of his equity
Navistar International Inc. (
) stock rose from $31.89 last week after the company named Troy
Clarke as CEO. Clarke plans to reduce costs by $175 million, lay
off employees, and close business units to return Navistar to
profitability by the end of the year. Navistar has combined
engine technology with competitor Cummins Inc. to produce
13-liter engines that meet federal emission standards, according
to the Chicago Tribune. Navistar will sell the big-bore engines
made by Cummins Inc. in its heavy duty trucks with an anticipated
start in April 2013. Incorporated in 1993, Navistar International
has a market cap of $2.78 billion; its shares are traded at
around $34.72 with and P/S ratio of 0.1979.
In addition to the International brand heavy duty trucks,
Navistar also manufactures the IC Bus, MaxxForce diesel engines,
Workhorse Custom Chassis for motor homes and step vans, and the
Monaco recreational vehicle. Navistar also makes military
vehicles, and is a provider of service parts for all makes of
trucks and trailers. The company is also a private-label designer
and manufacturer of diesel engines for the pickup truck, van, and
sport utility vehicles (SUV) markets.
Gabelli added his NAV positions in the Sep. 30, 2012 quarter by
25.77%, and again in the Dec. 31, 2012 quarter by 5.44%.
Gabelli's holding history:
Here's an in-depth look at Mario Gabelli's realtime/buys and
Carl C. Icahn also added to his NAV position by 15.56% in quarter
ending Dec. 31, 2012. Icahn owns at least 11,845,167 shares after
this. Icahn's holding history:
Activist investor Guru Carl Icahn, founder of Icahn Capital
Management, lists a portfolio of 15 stocks with a total value of
$12.8 billion and a quarter over quarter turnover of 7%.
GuruFocus tracks Icahn Management LP, one of three Icahn funds,
which covers all the stocks owned by Icahn Partners. Mr. Icahn
has a personal wealth of $17 billion.
Carl Icahn's top buys, sells and holdings as of Dec. 31, 2012:
Guru Gabelli's company, GAMCO Investors, Inc. lists a portfolio
of 792 stocks valued at $13.6 billion, with a quarter over
quarter turnover at 6 percent. At the end of 2012, GAMCO
) announced fourth quarter earnings of $17.6 million, and assets
under management at $36.4 billion, a record at year-end.
About GuruFocus: GuruFocus.com tracks the stocks picks and
portfolio holdings of the world's best investors. This value
investing site offers stock screeners and valuation tools. And
publishes daily articles tracking the latest moves of the world's
best investors. GuruFocus also provides promising stock ideas in
3 monthly newsletters sent to