State of New Jersey Common Pension Fund D acquired a new position in shares of Superior Industries International Inc (NYSE:SUP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 80,000 shares of the auto parts company’s stock, valued at approximately $277,000. State of New Jersey Common Pension Fund D owned about 0.32% of Superior Industries International as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of SUP. BNP Paribas Arbitrage SA lifted its position in Superior Industries International by 135.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,291 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 3,040 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in Superior Industries International during the 4th quarter valued at about $32,000. SeaCrest Wealth Management LLC acquired a new position in Superior Industries International during the 2nd quarter valued at about $35,000. Bank of Montreal Can lifted its position in Superior Industries International by 20.3% during the 1st quarter. Bank of Montreal Can now owns 11,858 shares of the auto parts company’s stock valued at $56,000 after purchasing an additional 2,004 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Superior Industries International during the 1st quarter valued at about $66,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:SUP traded up $0.02 during mid-day trading on Friday, reaching $2.54. The stock had a trading volume of 229,818 shares, compared to its average volume of 305,856. The stock has a 50 day moving average of $3.14. 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 Inc has a twelve month low of $2.42 and a twelve month high of $22.95.
Superior Industries International (NYSE:SUP) last announced its quarterly earnings results on Thursday, May 9th. The auto parts company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). The firm had revenue of $357.70 million during the quarter, compared to analyst estimates of $363.53 million. Superior Industries International had a net margin of 1.19% and a return on equity of 1.21%. The business’s revenue was down 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 earnings per share. Equities research analysts expect that Superior Industries International Inc will post -0.46 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were issued a dividend of $0.09 per share. The ex-dividend date was Wednesday, July 3rd. This represents a $0.36 annualized dividend and a yield of 14.17%. Superior Industries International’s dividend payout ratio (DPR) is currently -720.00%.
A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Superior Industries International from a “sell” rating to a “hold” rating and set a $3.00 target price on the stock in a research report on Monday, July 15th. ValuEngine upgraded shares of Superior Industries International from a “sell” rating to a “hold” rating in a research report on Thursday. Barrington Research reiterated a “buy” rating and issued a $15.00 price target on shares of Superior Industries International in a research report on Wednesday, May 29th. Finally, TheStreet downgraded shares of Superior Industries International from a “c-” rating to a “d+” rating in a research report on Tuesday, May 21st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $11.20.
In related news, Director Richard J. Giromini bought 20,000 shares of the company’s stock in a transaction on Monday, May 13th. The shares were purchased at an average cost of $4.57 per share, for a total transaction of $91,400.00. Following the acquisition, the director now owns 22,500 shares of the company’s stock, valued at approximately $102,825. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.80% of the company’s stock.
About Superior Industries International
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.
See Also: What are different types of coverage ratios?
Receive News & Ratings for Superior Industries International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Industries International and related companies with MarketBeat.com's FREE daily email newsletter.