BlackRock Inc. Has $16.59 Million Holdings in Superior Industries International Inc (SUP)

BlackRock Inc. grew its position in shares of Superior Industries International Inc (NYSE:SUP) by 0.6% during the fourth quarter, Holdings Channel reports. The fund owned 3,449,602 shares of the auto parts company’s stock after purchasing an additional 19,164 shares during the quarter. BlackRock Inc. owned about 0.14% of Superior Industries International worth $16,592,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wells Fargo & Company MN raised its holdings in Superior Industries International by 85.1% in the 3rd quarter. Wells Fargo & Company MN now owns 168,433 shares of the auto parts company’s stock valued at $2,871,000 after acquiring an additional 77,415 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Superior Industries International by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 381,490 shares of the auto parts company’s stock worth $6,505,000 after buying an additional 11,904 shares during the last quarter. Panagora Asset Management Inc. acquired a new stake in shares of Superior Industries International during the 3rd quarter worth $1,058,000. Dimensional Fund Advisors LP increased its holdings in shares of Superior Industries International by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,106,695 shares of the auto parts company’s stock worth $35,919,000 after buying an additional 21,881 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Superior Industries International during the 3rd quarter worth $593,000. 84.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Superior Industries International stock opened at $5.99 on Wednesday. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.08 and a quick ratio of 1.09. Superior Industries International Inc has a twelve month low of $4.28 and a twelve month high of $22.95. The firm has a market cap of $146.87 million, a P/E ratio of -119.80 and a beta of 2.02.

Superior Industries International (NYSE:SUP) last announced its quarterly earnings results on Thursday, March 7th. The auto parts company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.04. Superior Industries International had a net margin of 1.72% and a return on equity of 3.46%. The firm had revenue of $378.80 million during the quarter, compared to analysts’ expectations of $372.88 million. During the same period in the prior year, the company earned ($0.50) EPS. The firm’s revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts expect that Superior Industries International Inc will post -0.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, April 4th will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, April 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 6.01%. Superior Industries International’s dividend payout ratio (DPR) is -720.00%.

A number of analysts have recently commented on SUP shares. Zacks Investment Research downgraded Superior Industries International from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Seaport Global Securities started coverage on Superior Industries International in a report on Wednesday, February 13th. They set a “neutral” rating for the company. ValuEngine upgraded Superior Industries International from a “sell” rating to a “hold” rating in a report on Monday, February 4th. BWS Financial restated a “hold” rating and set a $6.00 price objective (down from $10.00) on shares of Superior Industries International in a report on Friday, February 8th. Finally, Barrington Research set a $15.00 price objective on Superior Industries International and gave the stock a “buy” rating in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $11.85.

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Superior Industries International Profile

Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America and Europe. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names.

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

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