Vanguard Group Inc. lowered its stake in shares of Superior Industries International, Inc. (NYSE:SUP) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,161,420 shares of the auto parts company’s stock after selling 38,435 shares during the quarter. Vanguard Group Inc. owned approximately 8.68% of Superior Industries International worth $44,417,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its stake in Superior Industries International by 1.2% in the second quarter. PNC Financial Services Group Inc. now owns 5,616 shares of the auto parts company’s stock worth $115,000 after acquiring an additional 69 shares during the period. BNP Paribas Arbitrage SA lifted its position 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 worth $186,000 after buying an additional 3,094 shares in the last quarter. Baker Ellis Asset Management LLC acquired a new position in Superior Industries International during the 2nd quarter worth $196,000. KCG Holdings Inc. acquired a new position in Superior Industries International during the 1st quarter worth approximately $239,000. Finally, Thrivent Financial For Lutherans grew its holdings in shares of Superior Industries International by 6.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 13,480 shares of the auto parts company’s stock worth $277,000 after acquiring an additional 790 shares during the period. Institutional investors own 83.43% of the company’s stock.
Several equities research analysts recently issued reports on SUP shares. B. Riley reaffirmed a “buy” rating on shares of Superior Industries International in a report on Wednesday, November 1st. BidaskClub lowered shares of Superior Industries International from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Zacks Investment Research downgraded shares of Superior Industries International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 14th. Buckingham Research lowered their price objective on Superior Industries International from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, August 15th. Finally, FBR & Co lowered their price target on Superior Industries International from $31.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.67.
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Superior Industries International, Inc. (NYSE:SUP) traded up $0.25 during trading on Tuesday, hitting $15.65. 124,780 shares of the stock traded hands, compared to its average volume of 179,181. Superior Industries International, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $27.45. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.34 and a current ratio of 2.36. The stock has a market cap of $388.56, a PE ratio of 15.57 and a beta of 0.74.
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 the consensus estimate of $0.36 by ($0.58). The company had revenue of $331.40 million for the quarter, compared to the consensus estimate of $316.20 million. Superior Industries International had a return on equity of 7.96% and a net margin of 0.66%. The business’s revenue for the quarter was up 88.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 EPS. research analysts anticipate that Superior Industries International, Inc. will post 0.8 earnings per share for the current year.
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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