Superior Industries International (NYSE:SUP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

According to Zacks, “Superior Industries is undertaking different strategies to reduce costs and enhance its global competitive position. The company is also investing in new manufacturing processes in order to manufacture products with better finishes. Moreover, the acquisition of UNIWHEELS will enable the company to expand its global reach, diversify customer base and expand their technological capabilities. However, its shares have underperformed the industry it belongs to in the last three months. Rising capital expenditure, operating inefficiencies and changing energy prices are few of its concerns. Moreover, a large part of Superior Industries business is conducted in Mexico and Europe, which exposes the company to currency fluctuations.”

A number of other analysts also recently weighed in on SUP. B. Riley reiterated a “buy” rating on shares of Superior Industries International in a research report on Wednesday, November 1st. Barrington Research began coverage on shares of Superior Industries International in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $27.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Superior Industries International currently has an average rating of “Hold” and a consensus target price of $23.75.

Superior Industries International (NYSE:SUP) traded down $0.20 during trading on Monday, reaching $16.50. 215,700 shares of the company’s stock were exchanged, compared to its average volume of 167,933. The company has a current ratio of 2.36, a quick ratio of 1.34 and a debt-to-equity ratio of 1.39. Superior Industries International has a 52 week low of $13.95 and a 52 week high of $27.39. The firm has a market cap of $410.97, a P/E ratio of -82.50 and a beta of 0.79.

Superior Industries International (NYSE:SUP) last released its earnings results on Thursday, November 9th. The auto parts company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $331.40 million for the quarter, compared to analyst estimates of $316.20 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The business’s revenue for the quarter was up 88.7% on a year-over-year basis. research analysts expect that Superior Industries International will post 0.91 earnings per share for the current fiscal year.

In related news, Director Michael Bruynesteyn bought 2,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average cost of $16.00 per share, for a total transaction of $32,000.00. Following the acquisition, the director now owns 7,946 shares of the company’s stock, valued at approximately $127,136. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.50% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its holdings in Superior Industries International by 1.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,616 shares of the auto parts company’s stock worth $115,000 after buying an additional 69 shares during the period. M&T Bank Corp raised its holdings in Superior Industries International by 0.5% during the 2nd quarter. M&T Bank Corp now owns 17,128 shares of the auto parts company’s stock worth $352,000 after buying an additional 77 shares during the period. Teachers Advisors LLC raised its holdings 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 worth $871,000 after buying an additional 211 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Superior Industries International by 2.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,897 shares of the auto parts company’s stock worth $409,000 after buying an additional 389 shares during the period. Finally, Thrivent Financial For Lutherans raised its holdings in Superior Industries International by 6.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 13,480 shares of the auto parts company’s stock worth $277,000 after buying an additional 790 shares during the period. Hedge funds and other institutional investors own 84.19% of the company’s stock.

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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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