62,673 Shares in Superior Industries International, Inc. (SUP) Acquired by Marshall Wace North America L.P.

Marshall Wace North America L.P. purchased a new stake in Superior Industries International, Inc. (NYSE:SUP) during the first quarter, Holdings Channel reports. The fund purchased 62,673 shares of the auto parts company’s stock, valued at approximately $1,567,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SUP. Norges Bank acquired a new position in Superior Industries International during the fourth quarter valued at $6,228,000. B. Riley Financial Inc. acquired a new position in Superior Industries International during the first quarter valued at $554,000. Allianz Asset Management AG boosted its position in Superior Industries International by 14.3% in the fourth quarter. Allianz Asset Management AG now owns 407,150 shares of the auto parts company’s stock valued at $10,729,000 after buying an additional 51,035 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Superior Industries International by 5.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,380 shares of the auto parts company’s stock valued at $326,000 after buying an additional 670 shares in the last quarter. Finally, Shufro Rose & Co. LLC boosted its position in Superior Industries International by 0.4% in the first quarter. Shufro Rose & Co. LLC now owns 128,051 shares of the auto parts company’s stock valued at $3,246,000 after buying an additional 511 shares in the last quarter. Hedge funds and other institutional investors own 85.01% of the company’s stock.

Shares of Superior Industries International, Inc. (SUP) opened at 19.70 on Tuesday. The stock has a market cap of $490.67 million, a PE ratio of 16.67 and a beta of 0.66. The company’s 50-day moving average price is $19.56 and its 200-day moving average price is $23.41. Superior Industries International, Inc. has a 52-week low of $18.58 and a 52-week high of $32.12.

Superior Industries International (NYSE:SUP) last issued its earnings results on Wednesday, April 26th. The auto parts company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.06. The firm had revenue of $174.20 million during the quarter, compared to analysts’ expectations of $175.34 million. Superior Industries International had a return on equity of 10.26% and a net margin of 4.17%. The business’s revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business earned $0.56 EPS. On average, equities research analysts forecast that Superior Industries International, Inc. will post $1.83 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 19th. Investors of record on Wednesday, July 5th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, June 30th. This represents a $0.36 dividend on an annualized basis and a yield of 1.83%. Superior Industries International’s dividend payout ratio (DPR) is 61.02%.

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Several research analysts have recently weighed in on SUP shares. Zacks Investment Research upgraded Superior Industries International from a “sell” rating to a “hold” rating in a research note on Monday, March 6th. B. Riley upgraded Superior Industries International from a “neutral” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Friday, March 24th. ValuEngine cut Superior Industries International from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, TheStreet cut Superior Industries International from a “b-” rating to a “c+” rating in a research note on Tuesday, June 6th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $32.67.

Superior Industries International Company 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.

Want to see what other hedge funds are holding SUP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Superior Industries International, Inc. (NYSE:SUP).

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

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