Parametric Portfolio Associates LLC lowered its stake in shares of Superior Industries International, Inc. (NYSE:SUP) by 22.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,548 shares of the company’s stock after selling 22,947 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.32% of Superior Industries International worth $1,655,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Teachers Advisors LLC grew its position in Superior Industries International by 0.5% during the second quarter. Teachers Advisors LLC now owns 42,399 shares of the company’s stock worth $871,000 after buying an additional 211 shares in the last quarter. KCG Holdings Inc. acquired a new stake in Superior Industries International during the first quarter worth approximately $239,000. Marshall Wace North America L.P. grew its position in Superior Industries International by 128.6% during the second quarter. Marshall Wace North America L.P. now owns 143,256 shares of the company’s stock worth $3,008,000 after buying an additional 80,583 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in Superior Industries International by 103.1% during the second quarter. TIAA CREF Investment Management LLC now owns 166,816 shares of the company’s stock worth $3,428,000 after buying an additional 84,681 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Superior Industries International by 10.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 154,224 shares of the company’s stock worth $3,910,000 after buying an additional 14,511 shares in the last quarter. 81.46% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on SUP shares. B. Riley reissued a “buy” rating on shares of Superior Industries International in a research report on Wednesday, November 1st. Zacks Investment Research upgraded Superior Industries International from a “strong sell” rating to a “hold” rating in a research note on Monday, October 9th. BidaskClub upgraded Superior Industries International from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Buckingham Research cut 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. Finally, FBR & Co restated an “outperform” rating and set a $31.00 target price on shares of Superior Industries International in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Superior Industries International currently has an average rating of “Hold” and an average price target of C$24.67.
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In other news, SVP Shawn Pallagi purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was bought at an average cost of C$14.64 per share, for a total transaction of C$146,400.00. Following the purchase, the senior vice president now owns 10,952 shares of the company’s stock, valued at C$160,337.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James Strauss Mcelya purchased 13,084 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was purchased at an average price 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 approximately C$388,465.44. The disclosure for this purchase can be found here. Insiders bought a total of 40,506 shares of company stock valued at $580,500 over the last quarter. 1.50% of the stock is owned by corporate insiders.
Shares of Superior Industries International, Inc. (SUP) opened at C$14.90 on Monday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.85 and a current ratio of 2.36. Superior Industries International, Inc. has a 12 month low of C$13.95 and a 12 month high of C$27.45. The firm has a market capitalization of $371.08, a price-to-earnings ratio of 15.36 and a beta of 0.74.
Superior Industries International (NYSE:SUP) last announced its quarterly earnings results on Thursday, November 9th. The company reported C($0.22) EPS for the quarter, missing the Zacks’ 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 the consensus estimate of C$316.20 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The firm’s revenue was up 88.7% on a year-over-year basis. equities analysts anticipate that Superior Industries International, Inc. will post 1.45 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Stockholders of record on Thursday, October 5th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Wednesday, October 4th. Superior Industries International’s payout ratio is -180.00%.
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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