Royce & Associates LP Lowers Stake in Superior Industries International, Inc. (SUP)
Royce & Associates LP cut its stake in shares of Superior Industries International, Inc. (NYSE:SUP) by 23.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 322,900 shares of the auto parts company’s stock after selling 100,000 shares during the period. Royce & Associates LP owned 1.30% of Superior Industries International worth $5,376,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Superior Industries International during the 3rd quarter valued at $186,000. Schwab Charles Investment Management Inc. boosted its position in Superior Industries International by 22.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 249,056 shares of the auto parts company’s stock worth $4,147,000 after purchasing an additional 44,997 shares during the period. Wells Fargo & Company MN boosted its position in Superior Industries International by 35.3% during the 3rd quarter. Wells Fargo & Company MN now owns 77,060 shares of the auto parts company’s stock worth $1,283,000 after purchasing an additional 20,103 shares during the period. Citadel Advisors LLC boosted its position in Superior Industries International by 90.0% during the 3rd quarter. Citadel Advisors LLC now owns 288,401 shares of the auto parts company’s stock worth $4,802,000 after purchasing an additional 136,591 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Superior Industries International by 10.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 154,741 shares of the auto parts company’s stock worth $2,569,000 after purchasing an additional 14,440 shares during the period. 84.19% of the stock is owned by institutional investors.
Shares of Superior Industries International, Inc. (NYSE SUP) traded up $0.50 during trading on Friday, reaching $16.25. 574,714 shares of the company were exchanged, compared to its average volume of 150,089. 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 stock has a market cap of $404.74, a PE ratio of 16.75 and a beta of 0.78.
Superior Industries International (NYSE:SUP) last announced its quarterly earnings results on Thursday, November 9th. The auto parts company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.58). Superior Industries International had a return on equity of 7.96% and a net margin of 0.66%. The business had revenue of $331.40 million for the quarter, compared to analysts’ expectations of $316.20 million. During the same period last year, the company posted $0.23 earnings per share. The firm’s revenue for the quarter was up 88.7% on a year-over-year basis. analysts predict that Superior Industries International, Inc. will post 0.91 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Thursday, January 4th will be given a dividend of $0.09 per share. 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 -180.00%.
A number of analysts recently weighed in on SUP shares. Zacks Investment Research raised shares of Superior Industries International from a “strong sell” rating to a “hold” rating in a research report on Monday, October 9th. B. Riley reaffirmed a “buy” rating and set a $25.00 price target on shares of Superior Industries International in a research report on Monday, November 13th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Superior Industries International presently has an average rating of “Hold” and a consensus price target of $22.67.
In other news, Director Michael Bruynesteyn acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was bought at an average cost of $16.00 per share, with a total value of $32,000.00. Following the transaction, the director now directly owns 7,946 shares in the company, valued at approximately $127,136. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate insiders.
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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