Shufro Rose & Co. LLC cut its stake in shares of Superior Industries International, Inc. (NYSE:SUP) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 127,910 shares of the auto parts company’s stock after selling 141 shares during the period. Shufro Rose & Co. LLC’s holdings in Superior Industries International were worth $2,629,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SUP. Norges Bank purchased a new position in Superior Industries International during the fourth quarter valued at about $6,228,000. Opus Capital Group LLC purchased a new position in Superior Industries International during the first quarter valued at about $5,444,000. Citadel Advisors LLC purchased a new position in Superior Industries International during the first quarter valued at about $2,686,000. Kennedy Capital Management Inc. increased its position in Superior Industries International by 93.2% in the first quarter. Kennedy Capital Management Inc. now owns 214,744 shares of the auto parts company’s stock valued at $5,444,000 after buying an additional 103,618 shares in the last quarter. Finally, State Street Corp increased its position in Superior Industries International by 13.0% in the first quarter. State Street Corp now owns 666,447 shares of the auto parts company’s stock valued at $16,898,000 after buying an additional 76,520 shares in the last quarter. 82.36% of the stock is owned by institutional investors.

Shares of Superior Industries International, Inc. (NYSE:SUP) opened at 15.75 on Tuesday. The company has a 50-day moving average price of $19.20 and a 200 day moving average price of $21.59. Superior Industries International, Inc. has a one year low of $15.07 and a one year high of $30.50. The company has a market capitalization of $392.24 million, a PE ratio of 59.21 and a beta of 0.66.

Superior Industries International (NYSE:SUP) last announced its quarterly earnings results on Friday, August 4th. The auto parts company reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.11. The company had revenue of $240.60 million during the quarter, compared to analysts’ expectations of $190.98 million. Superior Industries International had a return on equity of 9.54% and a net margin of 1.23%. Superior Industries International’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share. Equities analysts anticipate that Superior Industries International, Inc. will post $1.65 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 19th. Shareholders of record on Wednesday, July 5th were paid a $0.09 dividend. The ex-dividend date was Friday, June 30th. This represents a $0.36 dividend on an annualized basis and a yield of 2.29%. Superior Industries International’s dividend payout ratio (DPR) is currently 144.00%.

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SUP has been the topic of several analyst reports. FBR & Co reiterated an “outperform” rating and issued a $31.00 target price on shares of Superior Industries International in a report on Tuesday, July 18th. ValuEngine cut Superior Industries International from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet cut Superior Industries International from a “b-” rating to a “c+” rating in a report on Tuesday, June 6th. Zacks Investment Research upgraded Superior Industries International from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, BidaskClub cut Superior Industries International from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $28.00.

In related news, Director Jack A. Hockema purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were acquired at an average cost of $16.38 per share, with a total value of $327,600.00. Following the purchase, the director now directly owns 6,915 shares of the company’s stock, valued at $113,267.70. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Donald J. Stebbins purchased 16,090 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $15.77 per share, for a total transaction of $253,739.30. Following the completion of the purchase, the chief executive officer now directly owns 105,459 shares in the company, valued at $1,663,088.43. The disclosure for this purchase can be found here. Insiders acquired a total of 37,090 shares of company stock worth $601,039 over the last ninety days. Insiders own 1.50% of the company’s stock.

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.

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

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