Chartwell Investment Partners LLC Acquires 320,623 Shares of Superior Industries International, Inc. (SUP)

Chartwell Investment Partners LLC increased its holdings in shares of Superior Industries International, Inc. (NYSE:SUP) by 82.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 710,295 shares of the auto parts company’s stock after purchasing an additional 320,623 shares during the period. Chartwell Investment Partners LLC owned 2.85% of Superior Industries International worth $11,826,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Municipal Employees Retirement System of Michigan boosted its stake in Superior Industries International by 14.4% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 27,690 shares of the auto parts company’s stock worth $461,000 after purchasing an additional 3,490 shares during the period. BNP Paribas Arbitrage SA raised its position in Superior Industries International by 43.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 12,983 shares of the auto parts company’s stock worth $216,000 after buying an additional 3,913 shares during the last quarter. Principal Financial Group Inc. raised its position in Superior Industries International by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 174,683 shares of the auto parts company’s stock worth $2,908,000 after buying an additional 4,182 shares during the last quarter. Prudential Financial Inc. raised its position in Superior Industries International by 3.4% during the 3rd quarter. Prudential Financial Inc. now owns 116,836 shares of the auto parts company’s stock worth $1,945,000 after buying an additional 3,800 shares during the last quarter. Finally, IndexIQ Advisors LLC raised its position in Superior Industries International by 83.0% during the 3rd quarter. IndexIQ Advisors LLC now owns 34,191 shares of the auto parts company’s stock worth $569,000 after buying an additional 15,506 shares during the last quarter. Hedge funds and other institutional investors own 83.43% of the company’s stock.

Shares of Superior Industries International, Inc. (SUP) traded up $0.30 on Tuesday, hitting $15.40. 146,700 shares of the stock were exchanged, compared to its average volume of 179,425. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.36 and a quick ratio of 1.34. The stock has a market cap of $376.10, a P/E ratio of 15.57 and a beta of 0.74. Superior Industries International, Inc. has a 1-year low of $13.95 and a 1-year high of $27.45.

Superior Industries International (NYSE:SUP) last announced its quarterly earnings results on Thursday, November 9th. The auto parts company reported ($0.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.58). The company had revenue of $331.40 million during the quarter, compared to analysts’ expectations of $316.20 million. Superior Industries International had a net margin of 0.66% and a return on equity of 7.96%. The business’s revenue for the quarter was up 88.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. equities analysts forecast that Superior Industries International, Inc. will post 0.8 EPS for the current fiscal year.

In related news, SVP Shawn Pallagi purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was acquired at an average price of $14.64 per share, for a total transaction of $146,400.00. Following the acquisition, the senior vice president now directly owns 10,952 shares of the company’s stock, valued at approximately $160,337.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.

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A number of equities analysts have commented on the stock. BidaskClub downgraded shares of Superior Industries International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. FBR & Co cut their price objective 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. Zacks Investment Research upgraded shares of Superior Industries International from a “strong sell” rating to a “hold” rating in a research report on Monday, October 9th. Buckingham Research cut their price objective 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, B. Riley restated a “buy” rating and set a $25.00 price objective on shares of Superior Industries International in a research report on Monday, November 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $22.67.

Superior Industries International Profile

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.

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

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