M&T Bank Corp Has $352,000 Holdings in Superior Industries International, Inc. (SUP)

M&T Bank Corp boosted its holdings in Superior Industries International, Inc. (NYSE:SUP) by 0.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 17,128 shares of the auto parts company’s stock after buying an additional 77 shares during the period. M&T Bank Corp owned 0.07% of Superior Industries International worth $352,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. KCG Holdings Inc. purchased a new stake in Superior Industries International in the 1st quarter worth $239,000. Marshall Wace North America L.P. increased its stake in Superior Industries International by 128.6% in the 2nd quarter. Marshall Wace North America L.P. now owns 143,256 shares of the auto parts company’s stock worth $3,008,000 after buying an additional 80,583 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Superior Industries International by 10.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 154,224 shares of the auto parts company’s stock worth $3,910,000 after buying an additional 14,511 shares in the last quarter. Victory Capital Management Inc. increased its stake in Superior Industries International by 28.4% in the 1st quarter. Victory Capital Management Inc. now owns 17,642 shares of the auto parts company’s stock worth $447,000 after buying an additional 3,906 shares in the last quarter. Finally, South Dakota Investment Council increased its stake in Superior Industries International by 35.1% in the 2nd quarter. South Dakota Investment Council now owns 100,632 shares of the auto parts company’s stock worth $2,068,000 after buying an additional 26,162 shares in the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

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Shares of Superior Industries International, Inc. (SUP) opened at 17.25 on Wednesday. Superior Industries International, Inc. has a 52 week low of $14.00 and a 52 week high of $29.33. The stock has a market cap of $429.59 million, a price-to-earnings ratio of 64.85 and a beta of 0.74. The firm has a 50-day moving average price of $15.68 and a 200-day moving average price of $19.05.

Superior Industries International (NYSE:SUP) last issued its quarterly earnings data on Friday, August 4th. The auto parts company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.11). The firm had revenue of $240.60 million during the quarter, compared to analyst estimates of $190.98 million. Superior Industries International had a return on equity of 9.54% and a net margin of 1.23%. The company’s revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the company posted $0.52 EPS. On average, equities analysts anticipate that Superior Industries International, Inc. will post $1.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Thursday, October 5th will be given a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.09%. Superior Industries International’s dividend payout ratio (DPR) is currently 144.00%.

In related news, CEO Donald J. Stebbins bought 16,090 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was acquired at an average price of $15.77 per share, with a total value of $253,739.30. Following the completion of the purchase, the chief executive officer now directly owns 105,459 shares of the company’s stock, valued at $1,663,088.43. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jack A. Hockema bought 20,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were bought at an average cost of $16.38 per share, with a total value of $327,600.00. Following the purchase, the director now directly owns 6,915 shares of the company’s stock, valued at $113,267.70. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 76,596 shares of company stock valued at $1,161,839. Insiders own 1.50% of the company’s stock.

A number of equities research analysts have issued reports on SUP shares. BidaskClub upgraded Superior Industries International from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research upgraded Superior Industries International from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Buckingham Research cut their price target on Superior Industries International from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, August 15th. Finally, FBR & Co cut their price target on Superior Industries International from $31.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Superior Industries International presently has an average rating of “Hold” and a consensus target price of $24.67.

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.

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

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