South Dakota Investment Council Buys 26,162 Shares of Superior Industries International, Inc. (SUP)
South Dakota Investment Council increased its stake in shares of Superior Industries International, Inc. (NYSE:SUP) by 35.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 100,632 shares of the auto parts company’s stock after acquiring an additional 26,162 shares during the period. South Dakota Investment Council owned approximately 0.40% of Superior Industries International worth $2,068,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in SUP. Citadel Advisors LLC acquired a new position in Superior Industries International during the 1st quarter worth approximately $2,686,000. Kennedy Capital Management Inc. lifted its position in Superior Industries International by 93.2% during the 1st quarter. Kennedy Capital Management Inc. now owns 214,744 shares of the auto parts company’s stock worth $5,444,000 after acquiring an additional 103,618 shares in the last quarter. Marshall Wace North America L.P. lifted its position in Superior Industries International by 128.6% during the 2nd quarter. Marshall Wace North America L.P. now owns 143,256 shares of the auto parts company’s stock worth $3,008,000 after acquiring an additional 80,583 shares in the last quarter. State Street Corp lifted its position in Superior Industries International by 13.0% during the 1st quarter. State Street Corp now owns 666,447 shares of the auto parts company’s stock worth $16,898,000 after acquiring an additional 76,520 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Superior Industries International by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 2,199,855 shares of the auto parts company’s stock worth $55,767,000 after acquiring an additional 75,867 shares in the last quarter. 82.20% of the stock is currently owned by hedge funds and other institutional investors.
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Superior Industries International, Inc. (NYSE:SUP) opened at 14.85 on Tuesday. The firm has a 50 day moving average price of $16.33 and a 200-day moving average price of $20.45. The firm has a market capitalization of $369.82 million, a price-to-earnings ratio of 55.83 and a beta of 0.72. Superior Industries International, Inc. has a 12 month low of $14.00 and a 12 month high of $30.12.
Superior Industries International (NYSE:SUP) last released its earnings results on Friday, August 4th. The auto parts company reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.11. The business had revenue of $240.60 million during the quarter, compared to analyst estimates of $190.98 million. Superior Industries International had a net margin of 1.23% and a return on equity of 9.54%. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS. On average, equities analysts forecast that Superior Industries International, Inc. will post $1.45 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Thursday, October 5th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Wednesday, October 4th. Superior Industries International’s dividend payout ratio (DPR) is currently 144.00%.
In other Superior Industries International news, Director James Strauss Mcelya bought 17,422 shares of the stock in a transaction on Tuesday, August 22nd. The shares were purchased at an average price of $14.26 per share, with a total value of $248,437.72. Following the acquisition, the director now directly owns 27,376 shares of the company’s stock, valued at approximately $390,381.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Shawn Pallagi bought 10,000 shares of the stock in a transaction on Wednesday, August 23rd. The stock was acquired at an average cost of $14.64 per share, for a total transaction of $146,400.00. Following the acquisition, the senior vice president now directly owns 10,952 shares in the company, valued at $160,337.28. The disclosure for this purchase can be found here. Insiders acquired a total of 76,596 shares of company stock worth $1,161,839 in the last ninety days. Insiders own 1.50% of the company’s stock.
SUP has been the topic of several recent research reports. Zacks Investment Research raised Superior Industries International from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. FBR & Co reissued an “outperform” rating and set a $31.00 price target on shares of Superior Industries International in a research report on Tuesday, July 18th. ValuEngine lowered Superior Industries International from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub lowered Superior Industries International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, TheStreet lowered Superior Industries International from a “b-” rating to a “c+” rating in a research report on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $24.67.
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.
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