Arizona State Retirement System raised its stake in shares of Superior Industries International Inc (NYSE:SUP) by 222.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,931 shares of the auto parts company’s stock after buying an additional 26,863 shares during the quarter. Arizona State Retirement System owned about 0.16% of Superior Industries International worth $578,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of SUP. Louisiana State Employees Retirement System bought a new position in shares of Superior Industries International during the fourth quarter valued at approximately $149,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Superior Industries International in the third quarter worth $155,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Superior Industries International in the third quarter worth $186,000. BNP Paribas Arbitrage SA grew its stake in shares of Superior Industries International by 43.1% in the third quarter. BNP Paribas Arbitrage SA now owns 12,983 shares of the auto parts company’s stock worth $216,000 after acquiring an additional 3,913 shares during the last quarter. Finally, Aperio Group LLC grew its stake in shares of Superior Industries International by 45.9% in the fourth quarter. Aperio Group LLC now owns 16,180 shares of the auto parts company’s stock worth $240,000 after acquiring an additional 5,090 shares during the last quarter. 88.52% of the stock is owned by institutional investors.
In related news, SVP Shawn Pallagi bought 10,000 shares of the stock in a transaction dated Thursday, March 29th. The shares were purchased at an average price of $13.70 per share, for a total transaction of $137,000.00. Following the completion of the purchase, the senior vice president now directly owns 24,201 shares of the company’s stock, valued at $331,553.70. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.
A number of research analysts have weighed in on the company. Barrington Research reissued a “buy” rating and issued a $27.00 target price on shares of Superior Industries International in a report on Monday, March 12th. Zacks Investment Research downgraded Superior Industries International from a “hold” rating to a “sell” rating in a research note on Monday, January 22nd. Finally, ValuEngine downgraded Superior Industries International from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $23.75.
NYSE SUP traded down $0.30 on Thursday, reaching $14.25. 159,800 shares of the stock traded hands, compared to its average volume of 191,350. The firm has a market cap of $358.67, a PE ratio of 12.95 and a beta of 1.15. The company has a quick ratio of 1.25, a current ratio of 2.14 and a debt-to-equity ratio of 1.52. Superior Industries International Inc has a 12 month low of $12.70 and a 12 month high of $24.85.
Superior Industries International (NYSE:SUP) last released its quarterly earnings results on Thursday, March 15th. The auto parts company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.14. Superior Industries International had a positive return on equity of 9.79% and a negative net margin of 0.56%. The firm had revenue of $361.80 million during the quarter, compared to analyst estimates of $362.13 million. During the same period in the previous year, the company posted $0.31 EPS. The business’s revenue for the quarter was up 92.1% compared to the same quarter last year. research analysts expect that Superior Industries International Inc will post 0.45 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Thursday, April 5th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, April 4th. This represents a $0.36 annualized dividend and a yield of 2.53%. Superior Industries International’s payout ratio is presently 32.73%.
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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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