KBC Group NV trimmed its stake in Superior Industries International, Inc. (NYSE:SUP) by 11.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,861 shares of the auto parts company’s stock after selling 5,936 shares during the period. KBC Group NV owned about 0.18% of Superior Industries International worth $764,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SUP. PNC Financial Services Group Inc. boosted its position in shares of Superior Industries International by 1.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,616 shares of the auto parts company’s stock valued at $115,000 after acquiring an additional 69 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Superior Industries International by 51.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,070 shares of the auto parts company’s stock valued at $186,000 after acquiring an additional 3,094 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Superior Industries International during the 3rd quarter valued at about $186,000. Baker Ellis Asset Management LLC boosted its position in shares of Superior Industries International by 52.0% during the 3rd quarter. Baker Ellis Asset Management LLC now owns 14,500 shares of the auto parts company’s stock valued at $241,000 after acquiring an additional 4,960 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its position in shares of Superior Industries International by 6.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 13,480 shares of the auto parts company’s stock valued at $277,000 after acquiring an additional 790 shares in the last quarter. Institutional investors own 84.19% of the company’s stock.

Several brokerages have recently weighed in on SUP. Zacks Investment Research upgraded shares of Superior Industries International from a “strong sell” rating to a “hold” rating in a research report on Monday, October 9th. B. Riley reiterated a “buy” rating and set a $25.00 target price on shares of Superior Industries International in a research report on Monday, November 13th. Finally, BidaskClub lowered shares of Superior Industries International from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $22.67.

In other news, Director Michael Bruynesteyn purchased 2,000 shares of Superior Industries International stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average cost of $16.00 per share, for a total transaction of $32,000.00. Following the completion of the transaction, the director now directly owns 7,946 shares in the company, valued at $127,136. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by insiders.

Shares of Superior Industries International, Inc. (NYSE:SUP) opened at $16.25 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.34 and a debt-to-equity ratio of 1.39. Superior Industries International, Inc. has a 12-month low of $13.95 and a 12-month high of $27.40. The firm has a market cap of $392.29, a PE ratio of 16.24 and a beta of 0.78.

Superior Industries International (NYSE:SUP) last released its quarterly earnings results on Thursday, November 9th. The auto parts company reported ($0.22) EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.58). The firm had revenue of $331.40 million during the quarter, compared to analyst estimates of $316.20 million. Superior Industries International had a net margin of 0.66% and a return on equity of 7.96%. Superior Industries International’s quarterly revenue was up 88.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 earnings per share. analysts anticipate that Superior Industries International, Inc. will post 0.91 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Thursday, January 4th will be given a $0.09 dividend. The ex-dividend date is Wednesday, January 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 2.22%. Superior Industries International’s dividend payout ratio (DPR) is presently -180.00%.

TRADEMARK VIOLATION NOTICE: “Superior Industries International, Inc. (SUP) Shares Sold by KBC Group NV” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/12/16/superior-industries-international-inc-sup-shares-sold-by-kbc-group-nv.html.

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.

Want to see what other hedge funds are holding SUP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Superior Industries International, Inc. (NYSE:SUP).

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

Receive News & Stock Ratings for Superior Industries International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Industries International and related stocks with our FREE daily email newsletter.