BlackRock Inc. lifted its holdings in shares of Superior Industries International Inc (NYSE:SUP) by 6.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,374,743 shares of the auto parts company’s stock after buying an additional 208,506 shares during the period. BlackRock Inc. owned approximately 0.13% of Superior Industries International worth $60,407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SUP. Harvey Partners LLC acquired a new stake in shares of Superior Industries International during the first quarter worth about $2,181,000. Algert Global LLC acquired a new stake in Superior Industries International in the second quarter valued at about $1,315,000. Schwab Charles Investment Management Inc. lifted its position in Superior Industries International by 18.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 347,520 shares of the auto parts company’s stock valued at $4,623,000 after purchasing an additional 54,057 shares during the period. Millennium Management LLC lifted its position in Superior Industries International by 19.4% in the first quarter. Millennium Management LLC now owns 305,396 shares of the auto parts company’s stock valued at $4,062,000 after purchasing an additional 49,581 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in Superior Industries International in the second quarter valued at about $432,000. Institutional investors and hedge funds own 84.53% of the company’s stock.

Shares of NYSE:SUP opened at $13.07 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.33 and a quick ratio of 1.31. The stock has a market capitalization of $426.58 million, a P/E ratio of 12.16 and a beta of 1.33. Superior Industries International Inc has a 52 week low of $12.70 and a 52 week high of $22.95.

Superior Industries International (NYSE:SUP) last announced its quarterly earnings data on Wednesday, August 8th. The auto parts company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.11. The firm had revenue of $389.00 million during the quarter, compared to the consensus estimate of $381.14 million. Superior Industries International had a net margin of 1.12% and a return on equity of 10.77%. The firm’s revenue was up 61.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.41) earnings per share. On average, sell-side analysts anticipate that Superior Industries International Inc will post 0.36 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, October 5th will be given a $0.09 dividend. The ex-dividend date is Thursday, October 4th. This represents a $0.36 dividend on an annualized basis and a yield of 2.75%. Superior Industries International’s payout ratio is currently 32.73%.

SUP has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Superior Industries International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Barrington Research restated a “buy” rating and issued a $27.00 price objective on shares of Superior Industries International in a research report on Monday, August 6th. Zacks Investment Research upgraded shares of Superior Industries International from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. Finally, Buckingham Research raised their price objective on shares of Superior Industries International from $18.00 to $24.00 and gave the company a “neutral” rating in a research report on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $22.50.

Superior Industries International Company Profile

Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company was founded in 1957 and is headquartered in Southfield, Michigan.

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

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