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Mario Gabelli--Reducing Trend on SMP, Auto Parts

March 28, 2013 | About:
Sally Jones

Sally Jones

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On March 25, 2013 “Super Mario” Gabelli, GAMCO Investors’ Chairman and Chief Executive Officer, reduced his Standard Motor Products (SMP) 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 (SMP) 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 (SMP) 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 (SUP) 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 International (SUP) manufactures aluminum road wheels for original equipment manufacturers of cars and trucks. The company sells primarily to the “Big Three,” Ford Motor Company (F), General Motors (GM) 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 holdings:



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. This feature is for Premium Members only. If you are not a Premium Member, we invite you for a 7-day Free Trial.

About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

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