On March 25, 2013 "Super Mario" Gabelli, GAMCO Investors'
Chairman and Chief Executive Officer, reduced his Standard Motor
position again by 3.96%. On a reducing streak for two years,
Gabelli now holds 666,488 shares of the auto parts maker. The
current SMP price is $28.13, up 1% change from average. In early
March, Standard Motor Products reported a disappointing fourth
quarter: "Consolidated net sales for the fourth quarter of 2012
were $192.4 million, compared to consolidated net sales of $174.2
million during the comparable quarter in 2011. Earnings from
continuing operations for the fourth quarter of 2012 were $6.3
million or 27 cents per diluted share, compared to $29.5 million
or $1.29 per diluted share in the fourth quarter of 2011."
Standard Motor Products
is an independent manufacturer and distributor of replacement
parts for motor vehicles in the automotive aftermarket industry
that sells to CARQUEST, NAPA Auto Parts, and auto parts retail
chains, such as Advance Auto Parts, AutoZone, O'Reilly
Automotive/CSK Auto, Canadian Tire and Pep Boys.
Here's a detailed look at SMP.
GuruFocus performed a checkup on Standard Motor Products
company financials and performance data and found that the
company has a Piotroski F-Score of 8, indicating a very healthy
situation. The one warning sign shows that the SMP Price ($28.13)
is close to a 10-year high of $28.13.
Gabelli's holding history:
In another automotive-related trade this week, Guru Gabelli also
added to his Superior Industries International (
) position by 7.03%, with current shares of the aluminum wheel
maker at 1,765,598. The current SUP share price is $18.81, down
10% year to date.
With operations in the U.S. and Mexico, Superior Industries
manufactures aluminum road wheels for original equipment
manufacturers of cars and trucks. The company sells primarily to
the "Big Three," Ford Motor Company (
), General Motors (
) and Chrysler.
Superior Industries International has a market cap of $507.4
million, and a P/E of 16.3. The P/S is 0.6185.
Gabelli's SUP holding history:
GAMCO Investors lists 792 stocks in a portfolio valued at $13.6
billion, with a quarter over quarter turnover at 6%.
Here's a look at Mario Gabelli's other top buys, sells, and
GuruFocus "Real Time Picks" reports the stock purchases and sales
that Gurus have made within the prior 2 weeks. The report time
lag can be as short as 2 days after the date of the transaction.
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