Schwab Charles Investment Management Inc. Has $3.91 Million Stake in Superior Industries International, Inc. (SUP)

Schwab Charles Investment Management Inc. raised its stake in Superior Industries International, Inc. (NYSE:SUP) by 10.4% during the first quarter, Holdings Channel reports. The institutional investor owned 154,224 shares of the auto parts company’s stock after buying an additional 14,511 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Superior Industries International were worth $3,910,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. KCG Holdings Inc. purchased a new stake in Superior Industries International during the first quarter worth $239,000. Citadel Advisors LLC purchased a new stake in Superior Industries International during the first quarter worth $2,686,000. Kennedy Capital Management Inc. increased its stake in Superior Industries International by 93.2% in the first quarter. Kennedy Capital Management Inc. now owns 214,744 shares of the auto parts company’s stock worth $5,444,000 after buying an additional 103,618 shares during the period. Geode Capital Management LLC increased its stake in Superior Industries International by 7.3% in the first quarter. Geode Capital Management LLC now owns 228,341 shares of the auto parts company’s stock worth $5,788,000 after buying an additional 15,517 shares during the period. Finally, Vanguard Group Inc. increased 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 period. Institutional investors and hedge funds own 82.36% of the company’s stock.

Superior Industries International, Inc. (SUP) traded down 1.99% during midday trading on Wednesday, reaching $14.80. The company’s stock had a trading volume of 26,613 shares. The stock has a market capitalization of $368.58 million, a price-to-earnings ratio of 55.64 and a beta of 0.66. Superior Industries International, Inc. has a 52-week low of $14.75 and a 52-week high of $30.50. The firm has a 50-day moving average price of $19.07 and a 200 day moving average price of $21.53.

Superior Industries International (NYSE:SUP) last issued its quarterly earnings results on Friday, August 4th. The auto parts company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by $0.11. The company had revenue of $240.60 million during the quarter, compared to analyst estimates of $190.98 million. Superior Industries International had a net margin of 1.23% and a return on equity of 9.54%. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 EPS. Equities research analysts predict that Superior Industries International, Inc. will post $1.65 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 19th. Investors of record on Wednesday, July 5th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Friday, June 30th. Superior Industries International’s dividend payout ratio is currently 144.00%.

COPYRIGHT VIOLATION NOTICE: “Schwab Charles Investment Management Inc. Has $3.91 Million Stake in Superior Industries International, Inc. (SUP)” was reported by Ticker Report and is the property of of Ticker Report. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/2824438/schwab-charles-investment-management-inc-has-3-91-million-stake-in-superior-industries-international-inc-sup.html.

A number of equities research analysts have weighed in on SUP shares. BidaskClub downgraded Superior Industries International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Buckingham Research cut their target price on Superior Industries International from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday. FBR & Co cut their target price on Superior Industries International from $31.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, August 8th. B. Riley restated a “buy” rating and issued a $31.00 target price on shares of Superior Industries International in a research report on Tuesday, April 25th. Finally, Zacks Investment Research upgraded Superior Industries International from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.67.

In other Superior Industries International news, Director Jack A. Hockema acquired 20,000 shares of Superior Industries International stock in a transaction on Wednesday, August 9th. The shares were purchased at an average cost of $16.38 per share, with a total value of $327,600.00. Following the completion of the purchase, the director now owns 6,915 shares in the company, valued at $113,267.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Donald J. Stebbins acquired 16,090 shares of Superior Industries International stock in a transaction on Friday, August 11th. The stock was acquired at an average cost of $15.77 per share, for a total transaction of $253,739.30. Following the completion of the purchase, the chief executive officer now owns 105,459 shares of the company’s stock, valued at approximately $1,663,088.43. The disclosure for this purchase can be found here. In the last three months, insiders purchased 37,090 shares of company stock valued at $601,039. 1.50% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding SUP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Superior Industries International, Inc. (NYSE:SUP).

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

Receive News & Ratings for Superior Industries International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Industries International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.