Geode Capital Management LLC Has $5.79 Million Position in Superior Industries International, Inc. (SUP)

Geode Capital Management LLC increased its position in shares of Superior Industries International, Inc. (NYSE:SUP) by 7.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 228,341 shares of the auto parts company’s stock after buying an additional 15,517 shares during the period. Geode Capital Management LLC’s holdings in Superior Industries International were worth $5,788,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Superior Industries International during the fourth quarter worth about $6,228,000. Opus Capital Group LLC bought a new stake in Superior Industries International during the first quarter worth about $5,444,000. Vanguard Group Inc. raised its stake in Superior Industries International by 3.6% in the first quarter. Vanguard Group Inc. now owns 2,199,855 shares of the auto parts company’s stock worth $55,767,000 after buying an additional 75,867 shares during the last quarter. James Investment Research Inc. raised its stake in Superior Industries International by 164.4% in the first quarter. James Investment Research Inc. now owns 118,025 shares of the auto parts company’s stock worth $2,992,000 after buying an additional 73,380 shares during the last quarter. Finally, Oxford Asset Management bought a new stake in Superior Industries International during the first quarter worth about $1,846,000. Institutional investors own 84.77% of the company’s stock.

Superior Industries International, Inc. (SUP) opened at 15.25 on Thursday. The stock has a market capitalization of $379.79 million, a PE ratio of 57.33 and a beta of 0.66. The company’s 50-day moving average price is $19.49 and its 200 day moving average price is $21.79. Superior Industries International, Inc. has a 52-week low of $15.08 and a 52-week high of $30.50.

Superior Industries International (NYSE:SUP) last posted its quarterly earnings results on Friday, August 4th. The auto parts company reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.11. The business had revenue of $240.60 million for the quarter, compared to the consensus estimate of $190.98 million. Superior Industries International had a net margin of 1.23% and a return on equity of 9.54%. Superior Industries International’s revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 earnings per share. Equities analysts forecast that Superior Industries International, Inc. will post $1.90 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 19th. Shareholders of record on Wednesday, July 5th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, June 30th. This represents a $0.36 dividend on an annualized basis and a yield of 2.35%. Superior Industries International’s dividend payout ratio is presently 144.00%.

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SUP has been the topic of a number of analyst reports. ValuEngine lowered Superior Industries International from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. FBR & Co reiterated an “outperform” rating and set a $31.00 price objective on shares of Superior Industries International in a research note on Tuesday, July 18th. TheStreet cut Superior Industries International from a “b-” rating to a “c+” rating in a research report on Tuesday, June 6th. Zacks Investment Research upgraded Superior Industries International from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, BidaskClub cut Superior Industries International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Superior Industries International presently has a consensus rating of “Hold” and an average price target of $28.00.

About Superior Industries International

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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