BlackRock Inc. grew its stake in Superior Industries International Inc (NYSE:SUP) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,449,602 shares of the auto parts company’s stock after purchasing an additional 19,164 shares during the period. BlackRock Inc. owned about 13.79% of Superior Industries International worth $16,592,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund bought a new position in Superior Industries International in the 4th quarter valued at approximately $42,000. Nisa Investment Advisors LLC bought a new position in Superior Industries International in the 4th quarter valued at approximately $64,000. Dynamic Technology Lab Private Ltd raised its holdings in Superior Industries International by 55.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 18,745 shares of the auto parts company’s stock valued at $320,000 after buying an additional 6,683 shares during the last quarter. Marshall Wace LLP bought a new position in Superior Industries International in the 3rd quarter valued at approximately $389,000. Finally, Paloma Partners Management Co bought a new position in Superior Industries International in the 3rd quarter valued at approximately $463,000. Institutional investors own 84.69% of the company’s stock.
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 52-week low of $4.28 and a 52-week high of $22.95. The company has a market cap of $146.87 million, a price-to-earnings ratio of -119.80 and a beta of 2.02.
Superior Industries International (NYSE:SUP) last released its quarterly earnings results on Thursday, March 7th. The auto parts company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $372.88 million. During the same quarter last year, the business earned ($0.50) EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Analysts forecast that Superior Industries International Inc will post -0.38 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, April 3rd. This represents a $0.36 annualized dividend and a yield of 6.01%. Superior Industries International’s payout ratio is -720.00%.
A number of research analysts recently issued reports on SUP shares. BWS Financial reiterated a “hold” rating and issued a $6.00 price objective (down previously from $10.00) on shares of Superior Industries International in a report on Friday, February 8th. Barrington Research set a $15.00 price objective on shares of Superior Industries International and gave the company a “buy” rating in a report on Tuesday, March 5th. Zacks Investment Research upgraded shares of Superior Industries International from a “sell” rating to a “buy” rating and set a $6.25 price objective for the company in a report on Tuesday, January 15th. Seaport Global Securities started coverage on shares of Superior Industries International in a report on Wednesday, February 13th. They issued a “neutral” rating for the company. Finally, ValuEngine upgraded shares of Superior Industries International from a “sell” rating to a “hold” rating in a report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $11.85.
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About Superior Industries International
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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