Superior Industries International, Inc. (SUP) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in Superior Industries International, Inc. (NYSE:SUP) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SUP. PNC Financial Services Group Inc. lifted its position 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 buying an additional 69 shares in the last quarter. Texas Permanent School Fund lifted its position in Superior Industries International by 0.7% during the second 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 in the last quarter. Teachers Advisors LLC lifted its position in Superior Industries International by 0.5% during the second 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 in the last quarter. Thrivent Financial For Lutherans lifted its position in Superior Industries International by 2.5% during the first 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 in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in Superior Industries International by 3.1% during the second 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 in the last quarter. 81.46% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director James Strauss Mcelya purchased 13,084 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was acquired at an average price of $14.19 per share, for a total transaction of $185,661.96. Following the completion of the purchase, the director now owns 27,376 shares in the company, valued at $388,465.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Shawn Pallagi purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was bought at an average price of $14.64 per share, with a total value of $146,400.00. Following the purchase, the senior vice president now owns 10,952 shares of the company’s stock, valued at approximately $160,337.28. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 40,506 shares of company stock valued at $580,500. Insiders own 1.50% of the company’s stock.

Shares of Superior Industries International, Inc. (SUP) opened at $14.90 on Wednesday. The stock has a market cap of $369.88, a P/E ratio of 15.31 and a beta of 0.74. Superior Industries International, Inc. has a 12 month low of $13.95 and a 12 month high of $27.45. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.85 and a current ratio of 2.36.

Superior Industries International (NYSE:SUP) last posted its quarterly earnings data 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). The firm had revenue of $331.40 million for the quarter, compared to analysts’ expectations of $316.20 million. Superior Industries International had a net margin of 0.66% and a return on equity of 8.63%. The company’s revenue for the quarter was up 88.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 EPS. sell-side analysts forecast that Superior Industries International, Inc. will post 1.13 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Investors of record on Thursday, October 5th were paid a $0.09 dividend. The ex-dividend date was Wednesday, October 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.42%. Superior Industries International’s dividend payout ratio (DPR) is presently -180.00%.

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A number of brokerages have weighed in on SUP. cut shares of Superior Industries International from a “hold” rating to a “strong sell” rating in a research report on Tuesday. reaffirmed a “buy” rating and set a $25.00 price target on shares of Superior Industries International in a research report on Monday. lowered shares of Superior Industries International from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. dropped their price objective 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. Finally, FBR & Co dropped their price objective 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. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Superior Industries International has a consensus rating of “Hold” and a consensus target price of $22.67.

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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