Superior Industries International Inc (SUP) Position Increased by Rhumbline Advisers

Rhumbline Advisers boosted its position in shares of Superior Industries International Inc (NYSE:SUP) by 14.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 57,608 shares of the auto parts company’s stock after purchasing an additional 7,194 shares during the quarter. Rhumbline Advisers owned about 0.23% of Superior Industries International worth $855,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Arizona State Retirement System grew its position in Superior Industries International by 222.6% during the 4th quarter. Arizona State Retirement System now owns 38,931 shares of the auto parts company’s stock valued at $578,000 after purchasing an additional 26,863 shares during the last quarter. Pinebridge Investments L.P. grew its position in Superior Industries International by 17.6% during the 4th quarter. Pinebridge Investments L.P. now owns 44,796 shares of the auto parts company’s stock valued at $665,000 after purchasing an additional 6,716 shares during the last quarter. Chartwell Investment Partners LLC grew its position in Superior Industries International by 16.6% during 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 purchasing an additional 118,225 shares during the last quarter. Wells Fargo & Company MN grew its position in Superior Industries International by 15.5% during the 4th quarter. Wells Fargo & Company MN now owns 88,979 shares of the auto parts company’s stock valued at $1,321,000 after purchasing an additional 11,919 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in Superior Industries International by 31.9% during the 4th quarter. California Public Employees Retirement System now owns 66,722 shares of the auto parts company’s stock valued at $991,000 after purchasing an additional 16,155 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors.

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Shares of NYSE SUP opened at $13.30 on Friday. The company has a current ratio of 2.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.52. The stock has a market cap of $331.27, a PE ratio of 12.09 and a beta of 1.03. Superior Industries International Inc has a 52-week low of $13.25 and a 52-week high of $25.90.

Superior Industries International (NYSE:SUP) last announced its quarterly earnings results on Thursday, March 15th. The auto parts company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.14. The firm had revenue of $361.80 million for the quarter, compared to the consensus estimate of $362.13 million. Superior Industries International had a negative net margin of 0.56% and a positive return on equity of 9.79%. The business’s quarterly revenue was up 92.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 EPS. equities research analysts forecast that Superior Industries International Inc will post 0.45 earnings per share for the current fiscal year.

The business 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 2.71%. The ex-dividend date is Wednesday, April 4th. Superior Industries International’s payout ratio is presently 32.73%.

Several brokerages recently commented on SUP. Zacks Investment Research raised shares of Superior Industries International from a “sell” rating to a “hold” rating in a research report on Monday, January 15th. Barrington Research reissued a “buy” rating and set a $27.00 price objective on shares of Superior Industries International in a research report on Monday, March 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus 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.

Institutional Ownership by Quarter for Superior Industries International (NYSE:SUP)

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