Superior Industries International Inc (SUP) CEO Donald J. Stebbins Acquires 31,249 Shares

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Superior Industries International Inc (NYSE:SUP) CEO Donald J. Stebbins bought 31,249 shares of the business’s stock in a transaction on Thursday, November 15th. The stock was purchased at an average price of $8.00 per share, for a total transaction of $249,992.00. Following the purchase, the chief executive officer now directly owns 184,838 shares in the company, valued at approximately $1,478,704. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

NYSE SUP traded down $0.18 during trading on Friday, hitting $8.12. The stock had a trading volume of 379,816 shares, compared to its average volume of 437,754. The stock has a market capitalization of $209.66 million, a price-to-earnings ratio of 17.10 and a beta of 1.83. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.31 and a current ratio of 2.19. Superior Industries International Inc has a 12 month low of $6.91 and a 12 month high of $22.95.

Superior Industries International (NYSE:SUP) last released its earnings results on Friday, November 9th. The auto parts company reported ($0.29) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.35) by $0.06. The firm had revenue of $347.60 million for the quarter, compared to analysts’ expectations of $346.65 million. Superior Industries International had a return on equity of 9.82% and a net margin of 0.88%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.22) EPS. On average, equities research analysts forecast that Superior Industries International Inc will post 0.07 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 19th. Shareholders of record on Friday, October 5th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 4.43%. The ex-dividend date was Thursday, October 4th. Superior Industries International’s dividend payout ratio (DPR) is 32.73%.

Several equities research analysts have commented on the company. Barrington Research restated a “buy” rating on shares of Superior Industries International in a research note on Friday. TheStreet cut Superior Industries International from a “c-” rating to a “d+” rating in a research note on Wednesday. Buckingham Research upgraded Superior Industries International from a “neutral” rating to a “buy” rating and cut their target price for the company from $19.00 to $12.00 in a research note on Wednesday. ValuEngine cut Superior Industries International from a “sell” rating to a “strong sell” rating in a research note on Monday, November 12th. Finally, B. Riley cut their target price on Superior Industries International from $28.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, November 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Superior Industries International presently has an average rating of “Hold” and a consensus price target of $15.20.

Several large investors have recently bought and sold shares of SUP. SG Americas Securities LLC acquired a new position in shares of Superior Industries International during the 2nd quarter worth approximately $150,000. Bank of Montreal Can increased its position in shares of Superior Industries International by 753.9% during the 3rd quarter. Bank of Montreal Can now owns 9,222 shares of the auto parts company’s stock worth $157,000 after purchasing an additional 8,142 shares during the last quarter. Ibex Investors LLC acquired a new position in shares of Superior Industries International during the 3rd quarter worth approximately $194,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Superior Industries International during the 2nd quarter worth approximately $215,000. Finally, Trexquant Investment LP acquired a new position in shares of Superior Industries International during the 2nd quarter worth approximately $235,000. 84.25% of the stock is currently owned by hedge funds and other institutional investors.

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About Superior Industries International

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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