IndexIQ Advisors LLC Has $569,000 Stake in Superior Industries International, Inc. (SUP)

IndexIQ Advisors LLC lifted its stake in Superior Industries International, Inc. (NYSE:SUP) by 83.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,191 shares of the auto parts company’s stock after buying an additional 15,506 shares during the period. IndexIQ Advisors LLC owned approximately 0.14% of Superior Industries International worth $569,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Gamco Investors INC. ET AL boosted its position in shares of Superior Industries International by 1.2% in the third quarter. Gamco Investors INC. ET AL now owns 1,185,506 shares of the auto parts company’s stock worth $19,739,000 after buying an additional 13,831 shares during the period. First Trust Advisors LP purchased a new stake in shares of Superior Industries International in the third quarter worth about $325,000. Adams Asset Advisors LLC boosted its position in shares of Superior Industries International by 55.1% in the third quarter. Adams Asset Advisors LLC now owns 56,269 shares of the auto parts company’s stock worth $936,000 after buying an additional 20,000 shares during the period. Baker Ellis Asset Management LLC boosted its position in shares of Superior Industries International by 52.0% in the third quarter. Baker Ellis Asset Management LLC now owns 14,500 shares of the auto parts company’s stock worth $241,000 after buying an additional 4,960 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Superior Industries International by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 19,897 shares of the auto parts company’s stock worth $409,000 after buying an additional 389 shares during the period. 81.46% of the stock is owned by institutional investors.

Several equities research analysts have recently weighed in on the company. FBR & Co reaffirmed an “outperform” rating and issued a $31.00 target price on shares of Superior Industries International in a research report on Tuesday, July 18th. B. Riley reissued a “buy” rating and issued a $25.00 price target on shares of Superior Industries International in a report on Monday. Zacks Investment Research raised Superior Industries International from a “strong sell” rating to a “hold” rating in a report on Monday, October 9th. BidaskClub raised Superior Industries International from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Finally, Buckingham Research reduced their price target on Superior Industries International from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $22.67.

In related news, SVP Shawn Pallagi purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average cost of $14.64 per share, for a total transaction of $146,400.00. Following the transaction, the senior vice president now owns 10,952 shares of the company’s stock, valued at $160,337.28. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James Strauss Mcelya purchased 17,422 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were bought at an average price of $14.26 per share, for a total transaction of $248,437.72. Following the completion of the transaction, the director now directly owns 27,376 shares in the company, valued at approximately $390,381.76. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 40,506 shares of company stock worth $580,500. 1.50% of the stock is currently owned by company insiders.

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Superior Industries International, Inc. (SUP) opened at $14.85 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 1.85 and a debt-to-equity ratio of 1.46. Superior Industries International, Inc. has a 1-year low of $13.95 and a 1-year high of $27.45. The company has a market capitalization of $371.08, a P/E ratio of 15.36 and a beta of 0.74.

Superior Industries International (NYSE:SUP) last released its earnings results on Thursday, November 9th. The auto parts company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.58). Superior Industries International had a return on equity of 8.63% and a net margin of 0.66%. The firm had revenue of $331.40 million for the quarter, compared to the consensus estimate of $316.20 million. During the same period in the prior year, the business earned $0.23 EPS. The company’s quarterly revenue was up 88.7% on a year-over-year basis. sell-side analysts expect that Superior Industries International, Inc. will post 1.45 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Thursday, October 5th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Wednesday, October 4th. Superior Industries International’s dividend payout ratio is presently -180.00%.

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.

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

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