Municipal Employees Retirement System of Michigan lifted its stake in Superior Industries International, Inc. (NYSE:SUP) by 14.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,690 shares of the auto parts company’s stock after acquiring an additional 3,490 shares during the period. Municipal Employees Retirement System of Michigan owned 0.11% of Superior Industries International worth $461,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in Superior Industries International by 1.2% during the second quarter. PNC Financial Services Group Inc. now owns 5,616 shares of the auto parts company’s stock valued at $115,000 after purchasing an additional 69 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Superior Industries International by 51.8% during the second quarter. BNP Paribas Arbitrage SA now owns 9,070 shares of the auto parts company’s stock valued at $186,000 after purchasing an additional 3,094 shares during the last quarter. Baker Ellis Asset Management LLC acquired a new stake in Superior Industries International during the second quarter valued at approximately $196,000. Thrivent Financial For Lutherans lifted its stake in Superior Industries International by 6.2% during the second quarter. Thrivent Financial For Lutherans now owns 13,480 shares of the auto parts company’s stock valued at $277,000 after purchasing an additional 790 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in Superior Industries International during the third quarter valued at approximately $325,000. 84.19% of the stock is owned by institutional investors.
In other news, Director Michael Bruynesteyn purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were acquired at an average price of $16.00 per share, for a total transaction of $32,000.00. Following the completion of the acquisition, the director now directly owns 7,946 shares of the company’s stock, valued at $127,136. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by insiders.
Superior Industries International (NYSE:SUP) last released 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). Superior Industries International had a net margin of 0.66% and a return on equity of 7.96%. The firm had revenue of $331.40 million for the quarter, compared to analyst estimates of $316.20 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The firm’s revenue was up 88.7% compared to the same quarter last year. equities research analysts predict that Superior Industries International, Inc. will post 0.8 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Thursday, January 4th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, January 3rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.35%. Superior Industries International’s dividend payout ratio is currently -180.00%.
Several analysts recently commented on the stock. 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. Buckingham Research cut 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 note on Tuesday, August 15th. B. Riley reissued a “buy” rating and set a $25.00 target price on shares of Superior Industries International in a research note on Monday, November 13th. Finally, BidaskClub lowered shares of Superior Industries International from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Superior Industries International presently has an average rating of “Hold” and a consensus price target of $22.67.
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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.
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