State Street Corp Boosts Position in Superior Industries International, Inc. (SUP)

State Street Corp boosted its stake in shares of Superior Industries International, Inc. (NYSE:SUP) by 2.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 681,169 shares of the auto parts company’s stock after buying an additional 14,722 shares during the quarter. State Street Corp owned approximately 2.74% of Superior Industries International worth $13,990,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Teachers Advisors LLC lifted its holdings in Superior Industries International by 0.5% during the second quarter. Teachers Advisors LLC now owns 42,399 shares of the auto parts company’s stock valued at $871,000 after purchasing an additional 211 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Superior Industries International by 15.6% during the second quarter. Goldman Sachs Group Inc. now owns 242,172 shares of the auto parts company’s stock valued at $4,976,000 after purchasing an additional 32,655 shares during the last quarter. KCG Holdings Inc. purchased a new stake in Superior Industries International during the first quarter valued at about $239,000. TIAA CREF Investment Management LLC lifted its holdings in Superior Industries International by 103.1% during the second quarter. TIAA CREF Investment Management LLC now owns 166,816 shares of the auto parts company’s stock valued at $3,428,000 after purchasing an additional 84,681 shares during the last quarter. Finally, QS Investors LLC lifted its holdings in Superior Industries International by 15.5% during the second quarter. QS Investors LLC now owns 65,272 shares of the auto parts company’s stock valued at $1,341,000 after purchasing an additional 8,736 shares during the last quarter. Institutional investors own 83.43% of the company’s stock.

Several research firms have commented on SUP. Zacks Investment Research downgraded shares of Superior Industries International from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 14th. B. Riley reaffirmed a “buy” rating and set a $25.00 price objective on shares of Superior Industries International in a report on Monday, November 13th. BidaskClub downgraded shares of Superior Industries International from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Buckingham Research dropped their price objective on shares of Superior Industries International from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, August 15th. Finally, FBR & Co dropped their price objective on shares of Superior Industries International from $31.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $22.67.

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Shares of Superior Industries International, Inc. (SUP) opened at $15.95 on Thursday. Superior Industries International, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $27.45. The company has a market cap of $389.80, a PE ratio of 16.13 and a beta of 0.74. The company has a current ratio of 2.36, a quick ratio of 1.34 and a debt-to-equity ratio of 1.39.

Superior Industries International (NYSE:SUP) last announced its quarterly earnings results on Thursday, November 9th. The auto parts company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.58). Superior Industries International had a return on equity of 7.96% and a net margin of 0.66%. The firm had revenue of $331.40 million during the quarter, compared to analysts’ expectations of $316.20 million. During the same period in the previous year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 88.7% compared to the same quarter last year. equities research analysts anticipate that Superior Industries International, Inc. will post 0.8 EPS for the current year.

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.

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

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