Parametric Portfolio Associates LLC decreased its holdings in Superior Industries International, Inc. (NYSE:SUP) by 22.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,548 shares of the company’s stock after selling 22,947 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.32% of Superior Industries International worth $1,655,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of SUP. OppenheimerFunds Inc. raised its position in Superior Industries International by 22.7% in the 1st quarter. OppenheimerFunds Inc. now owns 21,218 shares of the company’s stock valued at $538,000 after purchasing an additional 3,928 shares during the last quarter. Principal Financial Group Inc. raised its position in Superior Industries International by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 179,557 shares of the company’s stock valued at $4,552,000 after purchasing an additional 2,150 shares during the last quarter. Teachers Advisors LLC raised its position in Superior Industries International by 2.6% in the 1st quarter. Teachers Advisors LLC now owns 42,188 shares of the company’s stock valued at $1,069,000 after purchasing an additional 1,085 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Superior Industries International by 15.8% in the 1st quarter. TIAA CREF Investment Management LLC now owns 82,135 shares of the company’s stock valued at $2,082,000 after purchasing an additional 11,215 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its position in Superior Industries International by 2.5% in the 1st quarter. Thrivent Financial For Lutherans now owns 12,690 shares of the company’s stock valued at $322,000 after purchasing an additional 310 shares during the last quarter. Hedge funds and other institutional investors own 81.46% of the company’s stock.
In related news, Director James Strauss Mcelya acquired 13,084 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was acquired at an average cost of C$14.19 per share, with a total value of C$185,661.96. Following the completion of the purchase, the director now directly owns 27,376 shares in the company, valued at C$388,465.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Shawn Pallagi acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were bought at an average cost of C$14.64 per share, with a total value of C$146,400.00. Following the completion of the purchase, the senior vice president now owns 10,952 shares of the company’s stock, valued at C$160,337.28. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 40,506 shares of company stock valued at $580,500. 1.50% of the stock is owned by insiders.
Several equities analysts have issued reports on the company. FBR & Co reiterated an “outperform” rating and issued a $31.00 price objective on shares of Superior Industries International in a research report on Tuesday, July 18th. Zacks Investment Research raised Superior Industries International from a “strong sell” rating to a “hold” rating in a research note on Monday, October 9th. B. Riley reissued a “buy” rating on shares of Superior Industries International in a research note on Wednesday, November 1st. BidaskClub raised Superior Industries International from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, Buckingham Research lowered their target price on Superior Industries International from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$24.67.
Shares of Superior Industries International, Inc. (NYSE:SUP) opened at C$14.90 on Monday. The company has a market capitalization of $371.08, a price-to-earnings ratio of 15.36 and a beta of 0.74. Superior Industries International, Inc. has a 52 week low of C$13.95 and a 52 week high of C$27.45. 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 (NYSE:SUP) last released its earnings results on Thursday, November 9th. The company reported C($0.22) 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 posted $0.23 earnings per share. The firm’s quarterly revenue was up 88.7% on a year-over-year basis. sell-side analysts predict that Superior Industries International, Inc. will post 1.45 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 19th. Investors of record on Thursday, October 5th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.42%. Superior Industries International’s dividend payout ratio (DPR) is presently -180.00%.
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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.
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