Arizona State Retirement System raised its stake in Superior Industries International Inc (NYSE:SUP) by 222.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 38,931 shares of the auto parts company’s stock after buying an additional 26,863 shares during the period. Arizona State Retirement System’s holdings in Superior Industries International were worth $578,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. Chartwell Investment Partners LLC grew its holdings in Superior Industries International by 16.6% in the 4th quarter. Chartwell Investment Partners LLC now owns 828,520 shares of the auto parts company’s stock valued at $12,304,000 after buying an additional 118,225 shares in the last quarter. State Street Corp grew its holdings in shares of Superior Industries International by 2.2% during the 2nd quarter. State Street Corp now owns 681,169 shares of the auto parts company’s stock worth $13,990,000 after purchasing an additional 14,722 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Superior Industries International by 17.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 293,463 shares of the auto parts company’s stock worth $4,358,000 after purchasing an additional 44,407 shares during the period. Citadel Advisors LLC grew its holdings in shares of Superior Industries International by 90.0% during the 3rd quarter. Citadel Advisors LLC now owns 288,401 shares of the auto parts company’s stock worth $4,802,000 after purchasing an additional 136,591 shares during the period. Finally, Lyon Street Capital LLC grew its holdings in shares of Superior Industries International by 35.8% during the 3rd quarter. Lyon Street Capital LLC now owns 193,078 shares of the auto parts company’s stock worth $3,215,000 after purchasing an additional 50,951 shares during the period. Institutional investors own 88.52% of the company’s stock.
A number of equities analysts have recently weighed in on SUP shares. Zacks Investment Research cut Superior Industries International from a “hold” rating to a “sell” rating in a report on Monday, January 22nd. Barrington Research started coverage on Superior Industries International in a report on Tuesday, January 9th. They set an “outperform” rating and a $27.00 price target for the company. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Superior Industries International presently has a consensus rating of “Hold” and an average target price of $23.75.
SUP stock opened at $15.10 on Wednesday. The firm has a market capitalization of $418.45, a price-to-earnings ratio of -14.95 and a beta of 1.03. The company has a current ratio of 2.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.52. Superior Industries International Inc has a twelve month low of $13.95 and a twelve month high of $27.10.
Superior Industries International (NYSE:SUP) last released its quarterly earnings results on Thursday, March 15th. The auto parts company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.14. The business had revenue of $361.80 million during the quarter, compared to analysts’ expectations of $362.13 million. Superior Industries International had a positive return on equity of 9.79% and a negative net margin of 0.56%. The company’s revenue was up 92.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 EPS. research analysts predict that Superior Industries International Inc will post 1.76 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Thursday, April 5th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Wednesday, April 4th. Superior Industries International’s dividend payout ratio is presently -35.64%.
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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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