Parametric Portfolio Associates LLC Boosts Position in Superior Industries International, Inc. (NYSE:SUP)

Parametric Portfolio Associates LLC increased its position in shares of Superior Industries International, Inc. (NYSE:SUP) by 12.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,495 shares of the auto parts company’s stock after buying an additional 11,673 shares during the period. Parametric Portfolio Associates LLC owned about 0.41% of Superior Industries International worth $2,624,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SUP. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Superior Industries International by 715.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,559 shares of the auto parts company’s stock valued at $116,000 after buying an additional 4,000 shares during the last quarter. Eqis Capital Management Inc. acquired a new position in shares of Superior Industries International during the first quarter valued at approximately $208,000. Karp Capital Management Corp acquired a new position in shares of Superior Industries International during the first quarter valued at approximately $296,000. GSA Capital Partners LLP increased its position in shares of Superior Industries International by 25.4% in the fourth quarter. GSA Capital Partners LLP now owns 11,921 shares of the auto parts company’s stock valued at $314,000 after buying an additional 2,413 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of 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 during the last quarter. 84.96% of the stock is owned by institutional investors and hedge funds.

Superior Industries International, Inc. (SUP) opened at 20.40 on Tuesday. The firm’s 50 day moving average price is $19.46 and its 200-day moving average price is $23.10. The company has a market capitalization of $508.10 million, a PE ratio of 17.26 and a beta of 0.68. Superior Industries International, Inc. has a 12-month low of $18.58 and a 12-month high of $32.12.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 19th. Stockholders of record on Wednesday, July 5th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, June 30th. This represents a $0.36 annualized dividend and a dividend yield of 1.76%. Superior Industries International’s dividend payout ratio (DPR) is presently 30.51%.

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Several research analysts have commented on SUP shares. B. Riley raised Superior Industries International from a “neutral” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Friday, March 24th. ValuEngine downgraded Superior Industries International from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet downgraded Superior Industries International from a “b-” rating to a “c+” rating in a research note on Tuesday, June 6th. Zacks Investment Research raised Superior Industries International from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $31.00 price objective on shares of Superior Industries International in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $32.67.

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.

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

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