JPMorgan Chase & Co. Has $2.57 Million Stake in Superior Industries International Inc (SUP)
JPMorgan Chase & Co. boosted its position in Superior Industries International Inc (NYSE:SUP) by 10.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 154,741 shares of the auto parts company’s stock after purchasing an additional 14,440 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.62% of Superior Industries International worth $2,569,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its holdings in Superior Industries International by 1.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,616 shares of the auto parts company’s stock worth $115,000 after buying an additional 69 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in Superior Industries International by 51.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,070 shares of the auto parts company’s stock worth $186,000 after buying an additional 3,094 shares in the last quarter. Baker Ellis Asset Management LLC increased its holdings in Superior Industries International by 52.0% in the 3rd quarter. Baker Ellis Asset Management LLC now owns 14,500 shares of the auto parts company’s stock worth $241,000 after buying an additional 4,960 shares in the last quarter. Thrivent Financial For Lutherans increased its holdings in Superior Industries International by 6.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 13,480 shares of the auto parts company’s stock worth $277,000 after buying an additional 790 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in Superior Industries International in the 3rd quarter worth about $325,000. Institutional investors and hedge funds own 84.38% of the company’s stock.
Several equities research analysts recently commented on SUP shares. B. Riley reiterated a “buy” rating and issued a $25.00 price objective on shares of Superior Industries International in a report on Monday, November 13th. Zacks Investment Research raised Superior Industries International from a “strong sell” rating to a “hold” rating in a research report on Monday, October 9th. Finally, Barrington Research started coverage on Superior Industries International in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $27.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $23.75.
Superior Industries International (NYSE:SUP) last issued its earnings results on Thursday, November 9th. The auto parts company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.58). The business had revenue of $331.40 million for the quarter, compared to the consensus estimate of $316.20 million. Superior Industries International had a net margin of 0.66% and a return on equity of 7.96%. The firm’s revenue for the quarter was up 88.7% compared to the same quarter last year. During the same period last year, the business posted $0.23 EPS. equities analysts forecast that Superior Industries International Inc will post 0.91 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Thursday, January 4th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a 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 news, Director Michael Bruynesteyn acquired 2,000 shares of Superior Industries International stock in a transaction on Wednesday, November 22nd. The shares were acquired at an average price of $16.00 per share, with a total value of $32,000.00. Following the purchase, the director now directly owns 7,946 shares in the company, valued at approximately $127,136. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.50% of the company’s stock.
Superior Industries International Company 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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