Ameriprise Financial Inc. cut its stake in Superior Industries International Inc (NYSE:SUP) by 49.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 126,167 shares of the auto parts company’s stock after selling 125,818 shares during the period. Ameriprise Financial Inc. owned 0.51% of Superior Industries International worth $2,101,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SUP. PNC Financial Services Group Inc. lifted its holdings in shares of Superior Industries International by 1.2% during the second quarter. PNC Financial Services Group Inc. now owns 5,616 shares of the auto parts company’s stock valued at $115,000 after purchasing an additional 69 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Superior Industries International by 51.8% during the second quarter. BNP Paribas Arbitrage SA now owns 9,070 shares of the auto parts company’s stock valued at $186,000 after purchasing an additional 3,094 shares during the last quarter. Baker Ellis Asset Management LLC lifted its holdings in shares of Superior Industries International by 52.0% during the third quarter. Baker Ellis Asset Management LLC now owns 14,500 shares of the auto parts company’s stock valued at $241,000 after purchasing an additional 4,960 shares during the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of Superior Industries International by 6.2% during the second quarter. Thrivent Financial For Lutherans now owns 13,480 shares of the auto parts company’s stock valued at $277,000 after purchasing an additional 790 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in shares of Superior Industries International during the third quarter valued at approximately $325,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

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A number of equities analysts recently weighed in on SUP shares. Zacks Investment Research lowered shares of Superior Industries International from a “hold” rating to a “sell” rating in a report on Monday, January 22nd. Barrington Research started coverage on shares of Superior Industries International in a report on Tuesday, January 9th. They issued an “outperform” rating and a $27.00 price objective for the company. Finally, B. Riley restated a “buy” rating on shares of Superior Industries International in a report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $23.75.

Superior Industries International Inc (NYSE:SUP) traded up $0.10 during trading hours on Monday, reaching $18.10. 163,383 shares of the company’s stock were exchanged, compared to its average volume of 165,329. Superior Industries International Inc has a fifty-two week low of $13.95 and a fifty-two week high of $27.39. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.34 and a current ratio of 2.36. The company has a market cap of $454.56, a P/E ratio of -90.50 and a beta of 0.79.

Superior Industries International (NYSE:SUP) last issued its quarterly earnings data on Thursday, November 9th. The auto parts company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.58). Superior Industries International had a net margin of 0.66% and a return on equity of 7.96%. The business had revenue of $331.40 million for the quarter, compared to the consensus estimate of $316.20 million. During the same period in the previous year, the firm earned $0.23 EPS. The company’s revenue was up 88.7% on a year-over-year basis. equities analysts predict that Superior Industries International Inc will post 0.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Thursday, January 4th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Wednesday, January 3rd. Superior Industries International’s payout ratio is -180.00%.

In other Superior Industries International news, Director Michael Bruynesteyn acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was purchased at an average price 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

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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.

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

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