Robeco Institutional Asset Management B.V. Has $26,946,000 Position in Superior Industries International Inc. (SUP)
Robeco Institutional Asset Management B.V. increased its position in shares of Superior Industries International Inc. (NYSE:SUP) by 577.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 924,160 shares of the company’s stock after buying an additional 787,719 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 3.63% of Superior Industries International worth $26,946,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Winslow Evans & Crocker Inc. bought a new position in shares of Superior Industries International during the third quarter worth approximately $113,000. Mason Street Advisors LLC bought a new position in shares of Superior Industries International during the second quarter worth approximately $117,000. Acadian Asset Management LLC bought a new position in shares of Superior Industries International during the second quarter worth approximately $140,000. JPMorgan Chase & Co. raised its position in shares of Superior Industries International by 4,122.7% in the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the company’s stock worth $184,000 after buying an additional 6,720 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of Superior Industries International by 118.0% in the second quarter. BNP Paribas Arbitrage SA now owns 7,090 shares of the company’s stock worth $190,000 after buying an additional 3,837 shares in the last quarter. 81.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of Superior Industries International Inc. (NYSE:SUP) traded up 0.20% during mid-day trading on Tuesday, hitting $25.40. The company’s stock had a trading volume of 9,264 shares. Superior Industries International Inc. has a 1-year low of $16.35 and a 1-year high of $32.12. The company has a 50-day moving average of $25.86 and a 200 day moving average of $27.68. The company has a market cap of $646.30 million, a price-to-earnings ratio of 15.69 and a beta of 0.82.
Superior Industries International (NYSE:SUP) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.15. The firm earned $175.58 million during the quarter, compared to the consensus estimate of $166.02 million. Superior Industries International had a net margin of 5.65% and a return on equity of 12.38%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm earned $0.19 earnings per share. On average, analysts expect that Superior Industries International Inc. will post $1.51 EPS for the current year.
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Several analysts recently weighed in on SUP shares. B. Riley restated a “neutral” rating and set a $29.00 target price on shares of Superior Industries International in a research note on Wednesday, November 2nd. Seaport Global Securities started coverage on Superior Industries International in a research note on Tuesday, August 9th. They set a “neutral” rating for the company. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $31.50.
About Superior Industries International
Superior Industries International, Inc is engaged in designing and manufacturing aluminum road wheels for sale to original equipment manufacturers (OEMs). It operates in the segment of automotive wheels. Its supplies cast aluminum wheels. The Company offers its products to the automobile and light truck manufacturers.
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