Alliancebernstein L.P. held its stake in shares of Superior Industries International, Inc. (NYSE:SUP) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,120 shares of the auto parts company’s stock at the end of the first quarter. Alliancebernstein L.P. owned approximately 0.12% of Superior Industries International worth $738,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SUP. State Street Corp boosted its stake in shares of Superior Industries International by 14.9% in the fourth quarter. State Street Corp now owns 589,927 shares of the auto parts company’s stock worth $15,543,000 after buying an additional 76,497 shares during the last quarter. Norges Bank acquired a new stake in shares of Superior Industries International during the fourth quarter worth $6,228,000. Opus Capital Group LLC purchased a new position in Superior Industries International during the first quarter worth approximately $5,444,000. Shufro Rose & Co. LLC raised its position in Superior Industries International by 0.4% in the first quarter. Shufro Rose & Co. LLC now owns 128,051 shares of the auto parts company’s stock worth $3,246,000 after buying an additional 511 shares in the last quarter. Finally, James Investment Research Inc. raised its position 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 in the last quarter. Hedge funds and other institutional investors own 84.68% of the company’s stock.

Superior Industries International, Inc. (NYSE:SUP) opened at 17.90 on Friday. The firm has a market cap of $445.84 million, a price-to-earnings ratio of 15.14 and a beta of 0.66. The company has a 50-day moving average of $19.86 and a 200-day moving average of $22.04. Superior Industries International, Inc. has a 1-year low of $17.80 and a 1-year high of $30.50.

Superior Industries International (NYSE:SUP) last issued its earnings results on Friday, August 4th. The auto parts company reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.11. Superior Industries International had a net margin of 4.17% and a return on equity of 10.26%. The firm had revenue of $240.60 million during the quarter, compared to the consensus estimate of $190.98 million. During the same period in the previous year, the company posted $0.52 EPS. The firm’s revenue for the quarter was up 31.7% on a year-over-year basis. Analysts predict that Superior Industries International, Inc. will post $1.83 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 19th. Shareholders of record on Wednesday, July 5th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Friday, June 30th. Superior Industries International’s payout ratio is presently 30.51%.

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A number of equities analysts recently commented on the stock. B. Riley reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Superior Industries International in a research note on Tuesday, April 25th. BidaskClub lowered shares of Superior Industries International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. FBR & Co reaffirmed an “outperform” rating and issued a $31.00 price objective on shares of Superior Industries International in a research note on Tuesday, July 18th. Zacks Investment Research raised shares of Superior Industries International from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, TheStreet lowered shares of Superior Industries International from a “b-” rating to a “c+” rating in a research note on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $31.00.

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.

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

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