Garner Asset Management Corp lowered its position in shares of Superior Industries International Inc (NYSE:SUP) by 36.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,468 shares of the auto parts company’s stock after selling 14,824 shares during the quarter. Garner Asset Management Corp owned 0.10% of Superior Industries International worth $378,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of SUP. Teachers Advisors LLC grew its stake in Superior Industries International by 0.5% in the 2nd quarter. Teachers Advisors LLC now owns 42,399 shares of the auto parts company’s stock valued at $871,000 after buying an additional 211 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Superior Industries International by 15.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 242,172 shares of the auto parts company’s stock valued at $4,976,000 after purchasing an additional 32,655 shares in the last quarter. South Dakota Investment Council grew its position in shares of Superior Industries International by 33.9% during the 3rd quarter. South Dakota Investment Council now owns 134,752 shares of the auto parts company’s stock valued at $2,244,000 after purchasing an additional 34,120 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new position in Superior Industries International in the third quarter worth $498,000. Finally, QS Investors LLC grew its position in Superior Industries International by 15.5% in the second quarter. QS Investors LLC now owns 65,272 shares of the auto parts company’s stock worth $1,341,000 after acquiring an additional 8,736 shares in the last quarter. 84.11% of the stock is currently owned by hedge funds and other institutional investors.
In other Superior Industries International news, Director Michael Bruynesteyn acquired 2,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were acquired at an average price of $16.00 per share, for a total transaction of $32,000.00. Following the completion of the acquisition, the director now owns 7,946 shares in the company, valued at $127,136. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by corporate insiders.
Superior Industries International Inc (NYSE:SUP) traded down $0.05 during mid-day trading on Wednesday, reaching $14.60. 57,430 shares of the company were exchanged, compared to its average volume of 158,847. The company has a market capitalization of $373.61, a P/E ratio of 15.46 and a beta of 0.93. The company has a current ratio of 2.36, a quick ratio of 1.34 and a debt-to-equity ratio of 1.39. Superior Industries International Inc has a 12 month low of $13.95 and a 12 month high of $27.39.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Thursday, January 4th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Wednesday, January 3rd. Superior Industries International’s dividend payout ratio (DPR) is presently -180.00%.
SUP has been the subject of several recent research reports. B. Riley reissued a “buy” rating and issued a $25.00 price target on shares of Superior Industries International in a research note on Monday, November 13th. Zacks Investment Research raised shares of Superior Industries International from a “sell” rating to a “hold” rating in a research note on Monday, January 15th. Finally, Barrington Research started coverage on shares of Superior Industries International in a research note on Tuesday, January 9th. They set an “outperform” rating and a $27.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $23.75.
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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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