California State Teachers Retirement System increased its position in shares of Superior Industries International Inc. (NYSE:SUP) by 6.0% during the second quarter, Holdings Channel reports. The institutional investor owned 52,675 shares of the company’s stock after buying an additional 3,005 shares during the period. California State Teachers Retirement System owned 0.21% of Superior Industries International worth $1,411,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in SUP. Robeco Institutional Asset Management B.V. purchased a new position in shares of Superior Industries International during the second quarter valued at $3,652,000. First Quadrant L P CA increased its position in shares of Superior Industries International by 1,866.7% in the second quarter. First Quadrant L P CA now owns 64,900 shares of the company’s stock valued at $1,738,000 after buying an additional 61,600 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of 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 in the last quarter. HBK Investments L P increased its position in shares of 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 in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Superior Industries International by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 496,413 shares of the company’s stock valued at $13,293,000 after buying an additional 25,919 shares in the last quarter. Institutional investors and hedge funds own 81.32% of the company’s stock.

Shares of Superior Industries International Inc. (NYSE:SUP) traded up 1.25% on Wednesday, hitting $29.20. 67,700 shares of the company were exchanged. Superior Industries International Inc. has a 52-week low of $16.35 and a 52-week high of $32.12. The stock has a market capitalization of $742.12 million, a PE ratio of 18.62 and a beta of 0.94. The firm’s 50-day moving average is $29.09 and its 200-day moving average is $26.57.

Superior Industries International (NYSE:SUP) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the previous year, the company earned $0.24 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts predict that Superior Industries International Inc. will post $2.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, October 5th will be issued a $0.18 dividend. 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 2.47%. Superior Industries International’s payout ratio is 45.57%.

Several brokerages recently weighed in on SUP. B. Riley reaffirmed a “neutral” rating and issued a $31.50 target price on shares of Superior Industries International in a report on Tuesday, August 2nd. Seaport Global Securities began coverage on shares of Superior Industries International in a report on Tuesday, August 9th. They set a “neutral” rating for the company. Sidoti downgraded shares of Superior Industries International from a “buy” rating to a “neutral” rating and set a $31.00 price objective for the company. in a report on Wednesday, July 13th. Finally, Zacks Investment Research downgraded shares of Superior Industries International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 29th. Four 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 stock. The stock presently has a consensus rating of “Buy” and an average price target of $32.13.

In other Superior Industries International news, CFO Kerry A. Shiba sold 1,051 shares of Superior Industries International stock in a transaction 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 $368,989.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 15.46% of the stock is currently owned by company insiders.

Superior Industries International Company Profile

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.

5 Day Chart for NYSE:SUP

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