TheStreet lowered shares of Superior Industries International (NYSE:SUP) from a c- rating to a d+ rating in a research report released on Tuesday, May 21st, TheStreetRatingsTable reports.
Other analysts have also recently issued reports about the company. Barrington Research set a $15.00 price target on Superior Industries International and gave the company a buy rating in a report on Tuesday, March 5th. Zacks Investment Research raised Superior Industries International from a sell rating to a hold rating in a research report on Tuesday, May 14th. BWS Financial reaffirmed a hold rating and issued a $6.00 price objective (down previously from $10.00) on shares of Superior Industries International in a research report on Friday, February 8th. ValuEngine upgraded Superior Industries International from a sell rating to a hold rating in a report on Monday, February 4th. Finally, Seaport Global Securities began coverage on Superior Industries International in a report on Wednesday, February 13th. They issued a neutral rating on the stock. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $11.85.
Superior Industries International stock traded down $0.13 during mid-day trading on Tuesday, reaching $3.54. 375,618 shares of the company were exchanged, compared to its average volume of 416,941. Superior Industries International has a twelve month low of $3.25 and a twelve month high of $22.95. The company has a current ratio of 2.04, a quick ratio of 1.15 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $99.71 million, a price-to-earnings ratio of -70.80 and a beta of 2.14.
Superior Industries International (NYSE:SUP) last posted its quarterly earnings results on Thursday, May 9th. The auto parts company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The business had revenue of $357.70 million during the quarter, compared to analyst estimates of $363.53 million. Superior Industries International had a net margin of 1.19% and a return on equity of 1.21%. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 earnings per share. Equities analysts predict that Superior Industries International will post -0.46 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 10.17%. The ex-dividend date is Wednesday, July 3rd. Superior Industries International’s dividend payout ratio (DPR) is presently -720.00%.
In related news, Director Richard J. Giromini bought 20,000 shares of the stock in a transaction dated Monday, May 13th. The stock was bought at an average cost of $4.57 per share, with a total value of $91,400.00. Following the completion of the acquisition, the director now owns 22,500 shares of the company’s stock, valued at $102,825. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SUP. BNP Paribas Arbitrage SA lifted its position in shares of Superior Industries International by 135.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,291 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 3,040 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in shares of Superior Industries International in the fourth quarter worth $32,000. Oregon Public Employees Retirement Fund acquired a new position in shares of Superior Industries International in the fourth quarter worth $42,000. Menta Capital LLC acquired a new position in shares of Superior Industries International in the fourth quarter worth $51,000. Finally, Bank of Montreal Can increased its stake in shares of Superior Industries International by 20.3% in the first quarter. Bank of Montreal Can now owns 11,858 shares of the auto parts company’s stock worth $56,000 after acquiring an additional 2,004 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.
About Superior Industries International
Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America and Europe. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names.
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