BNP Paribas Arbitrage SA cut its stake in shares of Superior Industries International Inc. (NYSE:SUP) by 48.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,621 shares of the company’s stock after selling 3,469 shares during the period. BNP Paribas Arbitrage SA’s holdings in Superior Industries International were worth $106,000 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. Aperio Group LLC bought a new position in Superior Industries International during the first quarter valued at $341,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Superior Industries International during the first quarter valued at $386,000. Goldman Sachs Group Inc. raised its position in Superior Industries International by 103.7% in the first quarter. Goldman Sachs Group Inc. now owns 62,524 shares of the company’s stock valued at $1,381,000 after buying an additional 31,829 shares during the last quarter. HBK Investments L P raised its position in Superior Industries International by 64.5% in the first quarter. HBK Investments L P now owns 70,900 shares of the company’s stock valued at $1,565,000 after buying an additional 27,805 shares during the last quarter. Finally, Magnetar Financial LLC bought a new position in Superior Industries International during the first quarter valued at $262,000. 81.29% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Superior Industries International Inc. (NYSE:SUP) opened at 28.34 on Friday. The firm has a market cap of $720.26 million, a price-to-earnings ratio of 18.07 and a beta of 0.90. The company has a 50-day moving average price of $29.26 and a 200-day moving average price of $27.37. Superior Industries International Inc. has a 12 month low of $16.35 and a 12 month high of $32.12.
Superior Industries International (NYSE:SUP) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The business had revenue of $182.71 million for the quarter, compared to analyst estimates of $177.19 million. Superior Industries International had a return on equity of 10.38% and a net margin of 5.51%. Superior Industries International’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS. Analysts forecast that Superior Industries International Inc. will post $2.04 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, October 5th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 2.54%. Superior Industries International’s dividend payout ratio is currently 45.57%.
Several equities analysts have weighed in on SUP shares. Zacks Investment Research lowered Superior Industries International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Sidoti lowered Superior Industries International from a “buy” rating to a “neutral” rating and set a $31.00 price target on the stock. in a research report on Wednesday, July 13th. B. Riley reaffirmed a “neutral” rating and set a $31.50 price target on shares of Superior Industries International in a research report on Thursday, July 28th. Finally, Seaport Global Securities began coverage on Superior Industries International in a research report on Tuesday, August 9th. They set a “neutral” rating on the stock. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Superior Industries International presently has a consensus rating of “Buy” and an average price target of $32.13.
In related news, CFO Kerry A. Shiba sold 1,051 shares of the business’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $28.41, for a total transaction of $29,858.91. Following the sale, the chief financial officer now owns 12,988 shares in the company, valued at approximately $368,989.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 15.46% of the company’s stock.
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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