First Trust Advisors LP cut its position in Superior Industries International Inc. (NYSE:SUP) by 88.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,713 shares of the company’s stock after selling 89,021 shares during the period. First Trust Advisors LP’s holdings in Superior Industries International were worth $314,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC acquired a new position in shares of Superior Industries International during the second quarter worth approximately $140,000. BNP Paribas Arbitrage SA increased 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 during the last quarter. Marshwinds Advisory Co. acquired a new position in shares of Superior Industries International during the second quarter worth about $204,000. Gabelli Securities Inc. acquired a new position in shares of Superior Industries International during the second quarter worth about $214,000. Finally, Magnetar Financial LLC acquired a new position in shares of Superior Industries International during the first quarter worth about $262,000. 81.29% of the stock is owned by institutional investors.
Shares of Superior Industries International Inc. (NYSE:SUP) traded down 0.87% during midday trading on Friday, hitting $28.34. 65,331 shares of the stock were exchanged. Superior Industries International Inc. has a 12 month low of $16.35 and a 12 month high of $32.12. The company has a market cap of $720.26 million, a PE ratio of 18.07 and a beta of 0.90. The stock has a 50 day moving average price of $29.26 and a 200-day moving average price of $27.37.
Superior Industries International (NYSE:SUP) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.08. Superior Industries International had a net margin of 5.51% and a return on equity of 10.38%. The company earned $182.71 million during the quarter, compared to analysts’ expectations of $177.19 million. During the same quarter last year, the company posted $0.24 EPS. The firm’s revenue was down .6% compared to the same quarter last year. On average, analysts predict that Superior Industries International Inc. will post $2.04 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, October 5th will be given a $0.18 dividend. The ex-dividend date is Monday, October 3rd. This represents a $0.72 annualized dividend and a yield of 2.54%. Superior Industries International’s dividend payout ratio is presently 45.57%.
A number of equities analysts have recently issued reports on the company. 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. Zacks Investment Research raised Superior Industries International from a “hold” rating to a “strong-buy” rating and set a $36.00 price target on the stock in a research report on Thursday, July 28th. Sidoti downgraded 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. Finally, Seaport Global Securities assumed coverage on Superior Industries International in a research report on Tuesday, August 9th. They set a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $32.13.
In other Superior Industries International news, CFO Kerry A. Shiba sold 1,051 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $28.41, for a total value of $29,858.91. Following the completion of the transaction, the chief financial officer now owns 12,988 shares of the company’s stock, valued at approximately $368,989.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 15.46% of the stock is currently owned by company insiders.
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.
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).
Receive News & Ratings for Superior Industries International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Industries International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.