Barrington Research assumed coverage on shares of Superior Industries International (NYSE:SUP) in a research report report published on Tuesday, January 9th, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $27.00 price target on the auto parts company’s stock.
A number of other equities analysts have also recently commented on the company. Zacks Investment Research cut Superior Industries International from a hold rating to a strong sell rating in a report on Tuesday, November 14th. B. Riley reiterated a buy rating and issued a $25.00 price target on shares of Superior Industries International in a research note on Monday, November 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Superior Industries International has a consensus rating of Hold and an average price target of $23.75.
Superior Industries International (SUP) opened at $15.90 on Tuesday. Superior Industries International has a twelve month low of $13.95 and a twelve month high of $27.39. The company has a market capitalization of $396.03, a price-to-earnings ratio of -79.50 and a beta of 0.92. The company has a quick ratio of 1.34, a current ratio of 2.36 and a debt-to-equity ratio of 1.39.
Superior Industries International (NYSE:SUP) last announced its earnings results on Thursday, November 9th. The auto parts company reported ($0.22) EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.58). Superior Industries International had a return on equity of 7.96% and a net margin of 0.66%. The company had revenue of $331.40 million during the quarter, compared to the consensus estimate of $316.20 million. During the same period in the prior year, the business posted $0.23 earnings per share. Superior Industries International’s revenue for the quarter was up 88.7% compared to the same quarter last year. analysts anticipate that Superior Industries International will post 0.91 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Thursday, January 4th were paid a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, January 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 2.26%. Superior Industries International’s payout ratio is presently -180.00%.
In other Superior Industries International news, Director Michael Bruynesteyn purchased 2,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was acquired at an average price of $16.00 per share, for a total transaction of $32,000.00. Following the purchase, the director now owns 7,946 shares of the company’s stock, valued at approximately $127,136. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.
A number of hedge funds have recently modified their holdings of SUP. Chartwell Investment Partners LLC increased its stake in Superior Industries International by 82.3% in the 3rd quarter. Chartwell Investment Partners LLC now owns 710,295 shares of the auto parts company’s stock worth $11,826,000 after buying an additional 320,623 shares in the last quarter. Northern Trust Corp grew its position in shares of Superior Industries International by 18.5% during the second quarter. Northern Trust Corp now owns 1,110,114 shares of the auto parts company’s stock valued at $22,813,000 after purchasing an additional 173,039 shares in the last quarter. Lyon Street Capital LLC purchased a new position in shares of Superior Industries International during the second quarter valued at about $2,921,000. Citadel Advisors LLC grew its position in shares of Superior Industries International by 90.0% during the third quarter. Citadel Advisors LLC now owns 288,401 shares of the auto parts company’s stock valued at $4,802,000 after purchasing an additional 136,591 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in shares of Superior Industries International by 103.1% during the second quarter. TIAA CREF Investment Management LLC now owns 166,816 shares of the auto parts company’s stock valued at $3,428,000 after purchasing an additional 84,681 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.
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About Superior Industries International
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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