BlackRock Inc. lifted its stake in shares of Superior Industries International Inc (NYSE:SUP) by 6.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,374,743 shares of the auto parts company’s stock after acquiring an additional 208,506 shares during the quarter. BlackRock Inc. owned 13.49% of Superior Industries International worth $60,407,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased its position in shares of Superior Industries International by 2.4% during the first quarter. Principal Financial Group Inc. now owns 177,544 shares of the auto parts company’s stock worth $2,361,000 after acquiring an additional 4,212 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Superior Industries International by 18.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 347,520 shares of the auto parts company’s stock worth $4,623,000 after acquiring an additional 54,057 shares during the period. Trexquant Investment LP purchased a new position in Superior Industries International in the second quarter valued at $235,000. SG Americas Securities LLC purchased a new position in Superior Industries International in the second quarter valued at $150,000. Finally, First Trust Advisors LP increased its holdings in Superior Industries International by 18.5% in the second quarter. First Trust Advisors LP now owns 26,355 shares of the auto parts company’s stock valued at $472,000 after buying an additional 4,106 shares during the last quarter. 84.53% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently commented on the company. Buckingham Research dropped their target price on Superior Industries International from $24.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, October 3rd. ValuEngine lowered Superior Industries International from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Zacks Investment Research raised Superior Industries International from a “sell” rating to a “hold” rating in a report on Monday, July 30th. Finally, Barrington Research reissued a “buy” rating and issued a $27.00 target price on shares of Superior Industries International in a report on Monday, August 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Superior Industries International has a consensus rating of “Hold” and a consensus price target of $22.50.
NYSE:SUP opened at $13.07 on Friday. The firm has a market capitalization of $426.58 million, a P/E ratio of 12.16 and a beta of 1.33. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.31 and a current ratio of 2.33. Superior Industries International Inc has a 12 month low of $12.70 and a 12 month high of $22.95.
Superior Industries International (NYSE:SUP) last posted its earnings results on Wednesday, August 8th. The auto parts company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.14 by $0.11. The firm had revenue of $389.00 million for the quarter, compared to analyst estimates of $381.14 million. Superior Industries International had a return on equity of 10.77% and a net margin of 1.12%. Superior Industries International’s revenue for the quarter was up 61.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.41) earnings per share. Analysts predict that Superior Industries International Inc will post 0.36 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, October 5th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Thursday, October 4th. Superior Industries International’s dividend payout ratio (DPR) is presently 32.73%.
About Superior Industries International
Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company was founded in 1957 and is headquartered in Southfield, Michigan.
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