Vanguard Group Inc. Has $44.42 Million Position in Superior Industries International, Inc. (SUP)

Vanguard Group Inc. lessened its position in Superior Industries International, Inc. (NYSE:SUP) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,161,420 shares of the auto parts company’s stock after selling 38,435 shares during the period. Vanguard Group Inc. owned approximately 8.68% of Superior Industries International worth $44,417,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its holdings in shares of Superior Industries International by 1.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,616 shares of the auto parts company’s stock worth $115,000 after acquiring an additional 69 shares during the period. Texas Permanent School Fund increased its stake in Superior Industries International by 0.7% during the 2nd quarter. Texas Permanent School Fund now owns 16,366 shares of the auto parts company’s stock valued at $336,000 after buying an additional 116 shares during the period. Teachers Advisors LLC increased its stake in Superior Industries International by 0.5% during the 2nd quarter. Teachers Advisors LLC now owns 42,399 shares of the auto parts company’s stock valued at $871,000 after buying an additional 211 shares during the period. Thrivent Financial For Lutherans increased its stake in Superior Industries International by 2.5% during the 1st quarter. Thrivent Financial For Lutherans now owns 12,690 shares of the auto parts company’s stock valued at $322,000 after buying an additional 310 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its stake in Superior Industries International by 3.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 24,200 shares of the auto parts company’s stock valued at $497,000 after buying an additional 720 shares during the period. 81.83% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have commented on the stock. Buckingham Research lowered their target price on shares of Superior Industries International from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 15th. BidaskClub cut shares of Superior Industries International from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. FBR & Co lowered their target price on shares of Superior Industries International from $31.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 8th. Finally, 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. One 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 stock. Superior Industries International has an average rating of “Hold” and a consensus price target of $24.67.

In other Superior Industries International news, Director James Strauss Mcelya acquired 13,084 shares of Superior Industries International stock in a transaction dated Monday, August 21st. The stock was bought at an average price of $14.19 per share, for a total transaction of $185,661.96. Following the transaction, the director now owns 27,376 shares in the company, valued at approximately $388,465.44. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Shawn Pallagi acquired 10,000 shares of Superior Industries International stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average price of $14.64 per share, with a total value of $146,400.00. Following the transaction, the senior vice president now owns 10,952 shares in the company, valued at approximately $160,337.28. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 76,596 shares of company stock valued at $1,161,839. Insiders own 1.50% of the company’s stock.

Superior Industries International, Inc. (NYSE SUP) opened at $15.45 on Monday. The company has a market cap of $384.77, a PE ratio of 10.37 and a beta of 0.74. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.85 and a current ratio of 2.80. Superior Industries International, Inc. has a 52 week low of $14.00 and a 52 week high of $27.45.

Superior Industries International (NYSE:SUP) last posted its quarterly earnings data on Friday, August 4th. The auto parts company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.11). Superior Industries International had a net margin of 1.23% and a return on equity of 9.54%. The business had revenue of $240.60 million for the quarter, compared to the consensus estimate of $190.98 million. During the same quarter last year, the business posted $0.52 EPS. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. equities research analysts forecast that Superior Industries International, Inc. will post 1.57 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 19th. Stockholders of record on Thursday, October 5th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $0.36 annualized dividend and a dividend yield of 2.33%. Superior Industries International’s dividend payout ratio (DPR) is 144.00%.

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Superior Industries International Company 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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