California State Teachers Retirement System lessened its stake in Superior Industries International Inc (NYSE:SUP) by 9.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 39,724 shares of the auto parts company’s stock after selling 3,951 shares during the quarter. California State Teachers Retirement System’s holdings in Superior Industries International were worth $661,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL boosted its holdings in shares of Superior Industries International by 1.2% in the third quarter. Gamco Investors INC. ET AL now owns 1,185,506 shares of the auto parts company’s stock valued at $19,739,000 after buying an additional 13,831 shares during the period. Northern Trust Corp boosted its holdings in Superior Industries International by 18.5% during the second quarter. Northern Trust Corp now owns 1,110,114 shares of the auto parts company’s stock worth $22,813,000 after purchasing an additional 173,039 shares during the last quarter. Prudential PLC boosted its holdings in Superior Industries International by 9.2% during the second quarter. Prudential PLC now owns 996,600 shares of the auto parts company’s stock worth $20,480,000 after purchasing an additional 83,600 shares during the last quarter. Chartwell Investment Partners LLC boosted its holdings in Superior Industries International by 82.3% during the third quarter. Chartwell Investment Partners LLC now owns 710,295 shares of the auto parts company’s stock worth $11,826,000 after purchasing an additional 320,623 shares during the last quarter. Finally, State Street Corp boosted its holdings in Superior Industries International by 2.2% during the second quarter. State Street Corp now owns 681,169 shares of the auto parts company’s stock worth $13,990,000 after purchasing an additional 14,722 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Superior Industries International Inc (NYSE SUP) opened at $15.90 on Friday. Superior Industries International Inc has a 1-year low of $13.95 and a 1-year high of $27.39. The company has a market cap of $419.69 and a price-to-earnings ratio of -79.50. 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 (NYSE:SUP) last announced its earnings results on Thursday, November 9th. The auto parts company reported ($0.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 analyst estimates of $316.20 million. During the same quarter in the previous year, the company posted $0.23 EPS. The business’s revenue for the quarter was up 88.7% compared to the same quarter last year. analysts forecast that Superior Industries International Inc will post 0.91 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 19th. Investors of record on Thursday, January 4th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.26%. The ex-dividend date was Wednesday, January 3rd. Superior Industries International’s payout ratio is -180.00%.

In other news, Director Michael Bruynesteyn purchased 2,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average cost of $16.00 per share, with a total value of $32,000.00. Following the completion of the transaction, the director now owns 7,946 shares of the company’s stock, valued at approximately $127,136. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.50% of the company’s stock.

SUP has been the subject of several recent research reports. Zacks Investment Research cut shares of Superior Industries International from a “hold” rating to a “sell” rating in a report on Monday, January 22nd. Barrington Research initiated coverage on shares of Superior Industries International in a report on Tuesday, January 9th. They set an “outperform” rating and a $27.00 target price for the company. Finally, B. Riley restated a “buy” rating on shares of Superior Industries International in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Superior Industries International currently has an average rating of “Hold” and a consensus price target of $23.75.

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

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