1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Sally Jones
Sally Jones
Articles (580) 

Gurus Gabelli and Icahn Own Large Chunks of Navistar

March 24, 2013 | About:

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. (NYSE:NAV) is one stock on the keep-buying lists of Gurus Mario Gabelli and Carl Icahn. The GAMCO Investors’ Chairman and Chief Executive Officer Mario Gabelli 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 portfolio.

Navistar International Inc. (NYSE:NAV) 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 sells.

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 Investors, Inc.(GBL) announced fourth quarter earnings of $17.6 million, and assets under management at $36.4 billion, a record at year-end.

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."

Rating: 3.4/5 (5 votes)


Please leave your comment:

GuruFocus has detected 6 Warning Signs with Navistar International Corp $NAV.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by Sally Jones

User Generated Screeners

EhrlingerT. Rowe Price Group
NorvasP/S good growers
danaltstreamMPB EY
AxelSalonenGrowth & True Value
gelayor65All Stocks With Blackrock Sell
jgmarisafricaGurus growth low profitability
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat