New York State Common Retirement Fund Sells 1 Shares of Superior Industries International, Inc. (SUP)

New York State Common Retirement Fund cut its holdings in Superior Industries International, Inc. (NYSE:SUP) by 0.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,700 shares of the company’s stock after selling 1 shares during the period. New York State Common Retirement Fund owned about 0.10% of Superior Industries International worth $528,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SUP. PNC Financial Services Group Inc. increased its stake in shares of Superior Industries International by 1.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,616 shares of the company’s stock valued at $115,000 after acquiring an additional 69 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Superior Industries International by 51.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,070 shares of the company’s stock valued at $186,000 after acquiring an additional 3,094 shares during the last quarter. Baker Ellis Asset Management LLC acquired a new position in shares of Superior Industries International during the 2nd quarter valued at about $196,000. KCG Holdings Inc. acquired a new position in shares of Superior Industries International during the 1st quarter valued at about $239,000. Finally, Thrivent Financial For Lutherans increased its stake in shares of Superior Industries International by 6.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 13,480 shares of the company’s stock valued at $277,000 after acquiring an additional 790 shares during the last quarter. Institutional investors own 81.46% of the company’s stock.

Shares of Superior Industries International, Inc. (NYSE SUP) opened at C$14.90 on Monday. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.36 and a quick ratio of 1.85. Superior Industries International, Inc. has a 1 year low of C$13.95 and a 1 year high of C$27.45. The stock has a market cap of $371.08, a P/E ratio of 15.36 and a beta of 0.74.

Superior Industries International (NYSE:SUP) last issued its quarterly earnings data on Thursday, November 9th. The company reported C($0.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.36 by C($0.58). Superior Industries International had a net margin of 0.66% and a return on equity of 8.63%. The firm had revenue of C$331.40 million during the quarter, compared to analyst estimates of C$316.20 million. During the same period last year, the business earned $0.23 EPS. The firm’s revenue was up 88.7% compared to the same quarter last year. equities research analysts forecast that Superior Industries International, Inc. will post 1.45 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Thursday, October 5th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Wednesday, October 4th. Superior Industries International’s dividend payout ratio (DPR) is -180.00%.

A number of research firms have recently commented on SUP. B. Riley reaffirmed a “buy” rating on shares of Superior Industries International in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Superior Industries International from a “strong sell” rating to a “hold” rating in a research note on Monday, October 9th. BidaskClub downgraded shares of Superior Industries International from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Buckingham Research dropped their target price on shares of Superior Industries International from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, August 15th. Finally, FBR & Co dropped their target price on shares of Superior Industries International from $31.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of C$24.67.

ILLEGAL ACTIVITY WARNING: “New York State Common Retirement Fund Sells 1 Shares of Superior Industries International, Inc. (SUP)” was first posted by Markets Daily and is the property of of Markets Daily. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.themarketsdaily.com/2017/11/13/new-york-state-common-retirement-fund-sells-1-shares-of-superior-industries-international-inc-sup.html.

In other news, SVP Shawn Pallagi acquired 10,000 shares of Superior Industries International stock in a transaction that occurred on Wednesday, August 23rd. The shares were purchased at an average cost of C$14.64 per share, for a total transaction of C$146,400.00. Following the completion of the purchase, the senior vice president now directly owns 10,952 shares of the company’s stock, valued at approximately C$160,337.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Strauss Mcelya acquired 13,084 shares of Superior Industries International stock in a transaction that occurred on Monday, August 21st. The shares were purchased at an average price of C$14.19 per share, for a total transaction of C$185,661.96. Following the completion of the purchase, the director now directly owns 27,376 shares of the company’s stock, valued at C$388,465.44. The disclosure for this purchase can be found here. Insiders acquired 40,506 shares of company stock valued at $580,500 in the last ninety days. 1.50% of the stock is owned by corporate insiders.

About Superior Industries International

Superior Industries International, Inc is engaged in the design and manufacture of aluminum wheels for sale to original equipment manufacturers (OEMs). The Company supplies cast aluminum wheels to automobile and light truck manufacturers, with wheel manufacturing operations in the United States and Mexico.

Want to see what other hedge funds are holding SUP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Superior Industries International, Inc. (NYSE:SUP).

Institutional Ownership by Quarter for Superior Industries International (NYSE:SUP)

Receive News & Ratings for Superior Industries International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Industries International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply