Vanguard Group Inc. lifted its position in shares of Superior Industries International Inc (NYSE:SUP) by 12.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,339,378 shares of the auto parts company’s stock after purchasing an additional 260,064 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of Superior Industries International worth $39,887,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in Superior Industries International by 343.8% during the second quarter. Renaissance Technologies LLC now owns 106,502 shares of the auto parts company’s stock worth $1,906,000 after buying an additional 82,502 shares during the period. Bank of Montreal Can boosted its stake in Superior Industries International by 753.9% during the third quarter. Bank of Montreal Can now owns 9,222 shares of the auto parts company’s stock worth $157,000 after buying an additional 8,142 shares during the period. Strs Ohio purchased a new position in Superior Industries International during the third quarter worth about $304,000. First Trust Advisors LP boosted its stake in Superior Industries International by 32.7% during the third quarter. First Trust Advisors LP now owns 34,960 shares of the auto parts company’s stock worth $596,000 after buying an additional 8,605 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Superior Industries International by 85.1% during the third quarter. Wells Fargo & Company MN now owns 168,433 shares of the auto parts company’s stock worth $2,871,000 after buying an additional 77,415 shares during the period. 83.96% of the stock is currently owned by institutional investors.

Shares of NYSE SUP remained flat at $$4.67 during midday trading on Monday. 55,115 shares of the stock traded hands, compared to its average volume of 233,713. The company has a current ratio of 2.19, a quick ratio of 1.14 and a debt-to-equity ratio of 1.71. Superior Industries International Inc has a twelve month low of $4.36 and a twelve month high of $22.95. The stock has a market capitalization of $116.84 million, a price-to-earnings ratio of 4.25 and a beta of 1.96.

Superior Industries International (NYSE:SUP) last posted its quarterly earnings data on Friday, November 9th. The auto parts company reported ($0.29) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.35) by $0.06. Superior Industries International had a net margin of 0.88% and a return on equity of 9.82%. The business had revenue of $347.60 million during the quarter, compared to analyst estimates of $346.65 million. During the same quarter last year, the firm posted ($0.22) earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, analysts forecast that Superior Industries International Inc will post -0.12 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 18th. Stockholders of record on Friday, January 4th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 7.71%. The ex-dividend date of this dividend was Thursday, January 3rd. Superior Industries International’s payout ratio is 32.73%.

In other Superior Industries International news, Director James Strauss Mcelya acquired 33,784 shares of the stock in a transaction dated Tuesday, November 13th. The stock was acquired at an average price of $8.53 per share, with a total value of $288,177.52. Following the completion of the purchase, the director now owns 58,546 shares in the company, valued at approximately $499,397.38. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Joanne M. Finnorn acquired 3,400 shares of the stock in a transaction dated Tuesday, November 13th. The stock was acquired at an average cost of $7.50 per share, with a total value of $25,500.00. Following the purchase, the senior vice president now owns 34,201 shares of the company’s stock, valued at approximately $256,507.50. The disclosure for this purchase can be found here. In the last three months, insiders bought 103,683 shares of company stock valued at $838,030. Insiders own 2.60% of the company’s stock.

Several brokerages have weighed in on SUP. B. Riley lowered their target price on shares of Superior Industries International from $33.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, October 25th. Barrington Research set a $15.00 target price on shares of Superior Industries International and gave the stock a “buy” rating in a research note on Thursday, October 25th. ValuEngine lowered shares of Superior Industries International from a “sell” rating to a “strong sell” rating in a research note on Friday, October 26th. Buckingham Research raised shares of Superior Industries International from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $19.00 to $12.00 in a research note on Wednesday, November 14th. Finally, BWS Financial lowered shares of Superior Industries International from a “buy” rating to a “hold” rating and set a $10.00 target price for the company. in a research note on Friday, November 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Superior Industries International has a consensus rating of “Buy” and an average target price of $11.85.

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Superior Industries International Company Profile

Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company was founded in 1957 and is headquartered in Southfield, Michigan.

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

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