'Super Mario' Gabelli Trims MOD

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Apr 13, 2013
As of April 10, 2013 GAMCO Investors’ Chairman and Chief Executive Officer Mario Gabelli reduced his position with Modine Manufacturing Company (MOD, Financial) by 11.27 %. The current share price is $9.23, with a change from average up 1%. The stock is up 14% over the last 12 months. Gabelli owns 2,152,311 shares after the trade.

The auto parts company has a market cap of $437.05 million, a P/B ratio of 1.3 and a P/S/ ratio of 0.3065. Incorporated in 1916 in Wisconsin, Modine Manufacturing specializes in heating and cooling technology and systems for original equipment manufacturers of trucks, automobiles, buses and specialty vehicles across a global market. The company reported fiscal 2012 revenues of $1.6 billion. Modine employs approximately 6,600 people at 30 facilities in 16 countries.

Gabelli has a long history with Modine. From fourth quarter in 2008 through same quarter 2012, his average cost was $5 per share for an 85% gain.

Gabelli’s holding history:



Gabelli holds other auto parts stocks, among them parts maker Standard Motor Products (SMP) and Superior Industries International (SUP, Financial), the aluminum road wheels manufacturer that supplies wheels to the Ford Motor Company (F), General Motors (GM) and Chrysler, and others.

Gabelli has been reducing his SMP position for two years and now holds 666,488 shares of the auto parts maker. Meanwhile, he increased his SUP position by 7.03% in March, with total shares at 1,765,598.

Gabelli’s SMP holding history:



Gabelli’s SUP holding history:



As of April 12, 2013, Gabelli’s company, GAMCO Investors, lists 792 stocks in a portfolio valued at $13.6 billion, with a quarter over quarter turnover of 5%. The portfolio lists 41 new stocks. For revenue, GAMCO Investors ranks higher than 92% of the 13 companies in the industry. For earnings yield, GAMCO Investors ranks higher than 54% of the 13 companies in the industry.

Guru Mario Gabelli is the founder, chairman, and CEO of Gabelli Asset Management Company Investors (GAMCO Investors) a $30 billion dollar global investment firm headquartered in Rye, New York. With an estimated net worth of $1 billion, Gabelli was ranked in 2006 by the Forbes 400 Richest Americans list as 346th.

Here’s a look at Mario Gabelli’s other top buys, sells, and holdings:



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