Superior Industries International Inc (SUP) Shares Sold by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC trimmed its holdings in Superior Industries International Inc (NYSE:SUP) by 97.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,150 shares of the auto parts company’s stock after selling 1,087,233 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Superior Industries International were worth $139,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SUP. Municipal Employees Retirement System of Michigan acquired a new stake in Superior Industries International in the 4th quarter valued at about $32,000. Oregon Public Employees Retirement Fund acquired a new stake in Superior Industries International in the 4th quarter valued at about $42,000. Menta Capital LLC acquired a new stake in Superior Industries International in the 4th quarter valued at about $51,000. Nisa Investment Advisors LLC acquired a new stake in Superior Industries International in the 4th quarter valued at about $64,000. Finally, Magnus Financial Group LLC acquired a new stake in Superior Industries International in the 4th quarter valued at about $75,000. 84.69% of the stock is owned by institutional investors.

SUP stock opened at $5.99 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 2.08 and a debt-to-equity ratio of 1.71. Superior Industries International Inc has a one year low of $4.28 and a one year high of $22.95. The stock 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 posted its quarterly earnings data on Thursday, March 7th. The auto parts company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $378.80 million during the quarter, compared to analyst estimates of $372.88 million. During the same period in the prior year, the firm earned ($0.50) earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. Sell-side analysts predict that Superior Industries International Inc will post -0.38 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 6.01%. The ex-dividend date of this dividend is Wednesday, April 3rd. Superior Industries International’s dividend payout ratio is presently -720.00%.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Superior Industries International from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. ValuEngine downgraded shares of Superior Industries International from a “hold” rating to a “sell” rating in a report on Friday, March 1st. BWS Financial reaffirmed a “hold” rating and set a $6.00 price objective (down from $10.00) on shares of Superior Industries International in a research note 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 research note on Tuesday, March 5th. Finally, Seaport Global Securities assumed coverage on shares of Superior Industries International in a research note on Wednesday, February 13th. They set a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Superior Industries International currently has an average rating of “Hold” and a consensus price target of $11.85.

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Superior Industries International Profile

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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Institutional Ownership by Quarter for Superior Industries International (NYSE:SUP)

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