Gabelli Funds LLC lowered its holdings in Superior Industries International Inc (NYSE:SUP) by 2.8% in the 1st quarter, Holdings Channel reports. The firm owned 469,600 shares of the auto parts company’s stock after selling 13,400 shares during the period. Gabelli Funds LLC’s holdings in Superior Industries International were worth $2,235,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. BNP Paribas Arbitrage SA increased its position in Superior Industries International by 135.1% in the first quarter. BNP Paribas Arbitrage SA now owns 5,291 shares of the auto parts company’s stock worth $25,000 after buying an additional 3,040 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in Superior Industries International in the fourth quarter worth about $32,000. Oregon Public Employees Retirement Fund purchased a new stake in Superior Industries International in the fourth quarter worth about $42,000. Menta Capital LLC purchased a new stake in Superior Industries International in the fourth quarter worth about $51,000. Finally, Bank of Montreal Can increased its position in Superior Industries International by 20.3% in the first quarter. Bank of Montreal Can now owns 11,858 shares of the auto parts company’s stock worth $56,000 after buying an additional 2,004 shares in the last quarter. Hedge funds and other institutional investors own 80.67% of the company’s stock.
In other news, Director Richard J. Giromini purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average cost of $4.57 per share, with a total value of $91,400.00. Following the completion of the purchase, the director now owns 22,500 shares in the company, valued at $102,825. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is currently owned by corporate insiders.
Shares of Superior Industries International stock opened at $4.69 on Thursday. Superior Industries International Inc has a 12 month low of $4.28 and a 12 month high of $22.95. The company has a market cap of $113.77 million, a P/E ratio of -93.80 and a beta of 2.02. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.04 and a quick ratio of 1.15.
Superior Industries International (NYSE:SUP) last announced its quarterly earnings results on Thursday, May 9th. The auto parts company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). Superior Industries International had a net margin of 1.19% and a return on equity of 1.21%. The firm had revenue of $357.70 million for the quarter, compared to the consensus estimate of $363.53 million. During the same period in the previous year, the company posted $0.15 earnings per share. Superior Industries International’s quarterly revenue was down 6.9% on a year-over-year basis. Research analysts predict that Superior Industries International Inc will post -0.4 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 7.68%. The ex-dividend date of this dividend was Wednesday, April 3rd. Superior Industries International’s payout ratio is presently -720.00%.
A number of analysts have commented on SUP shares. Barrington Research set a $15.00 price target on Superior Industries International and gave the stock a “buy” rating in a research report on Tuesday, March 5th. TheStreet upgraded Superior Industries International from a “d+” rating to a “c-” rating in a research report on Thursday, April 18th. Zacks Investment Research upgraded Superior Industries International from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine upgraded Superior Industries International from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Finally, BWS Financial reaffirmed a “hold” rating and issued a $6.00 price objective (down previously from $10.00) on shares of Superior Industries International in a research note on Friday, February 8th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $11.85.
Superior Industries International Profile
Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America and Europe. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names.
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