Superior Industries International Inc (NYSE:SUP) insider Parveen Kakar sold 4,500 shares of the firm’s stock in a transaction on Tuesday, June 26th. The stock was sold at an average price of $19.39, for a total value of $87,255.00. Following the sale, the insider now directly owns 27,511 shares in the company, valued at approximately $533,438.29. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
SUP opened at $17.90 on Friday. Superior Industries International Inc has a 1 year low of $12.70 and a 1 year high of $20.95. The stock has a market capitalization of $456.36 million, a price-to-earnings ratio of 20.74 and a beta of 1.25. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.27 and a current ratio of 2.15.
Superior Industries International (NYSE:SUP) last released its quarterly earnings results on Wednesday, May 9th. The auto parts company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.11. Superior Industries International had a return on equity of 10.40% and a net margin of 0.08%. The firm had revenue of $386.40 million for the quarter, compared to the consensus estimate of $350.22 million. During the same quarter last year, the business posted $0.31 EPS. The company’s revenue for the quarter was up 121.8% on a year-over-year basis. analysts expect that Superior Industries International Inc will post 0.4 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 19th. Shareholders of record on Thursday, July 5th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Tuesday, July 3rd. Superior Industries International’s dividend payout ratio is 32.73%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SUP. Jefferies Group LLC acquired a new stake in shares of Superior Industries International in the 4th quarter valued at about $171,000. MetLife Investment Advisors LLC acquired a new stake in shares of Superior Industries International in the 4th quarter valued at about $187,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Superior Industries International in the 4th quarter valued at about $237,000. Aperio Group LLC raised its stake in shares of Superior Industries International by 45.9% in the 4th quarter. Aperio Group LLC now owns 16,180 shares of the auto parts company’s stock valued at $240,000 after purchasing an additional 5,090 shares during the period. Finally, Investors Research Corp acquired a new stake in shares of Superior Industries International in the 4th quarter valued at about $298,000. 87.35% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently commented on SUP shares. Barrington Research reaffirmed a “buy” rating and set a $27.00 price objective on shares of Superior Industries International in a research note on Monday, March 12th. Zacks Investment Research raised Superior Industries International from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Wednesday, May 16th. Finally, ValuEngine raised Superior Industries International from a “sell” rating to a “hold” rating in a research note on Tuesday, June 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Superior Industries International has a consensus rating of “Hold” and a consensus price target of $22.80.
About Superior Industries International
Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company was founded in 1957 and is headquartered in Southfield, Michigan.
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