Bowling Portfolio Management LLC purchased a new stake in shares of Superior Industries International, Inc. (NYSE:SUP) during the second quarter, according to its most recent disclosure with the SEC. The fund purchased 23,519 shares of the auto parts company’s stock, valued at approximately $483,000. Bowling Portfolio Management LLC owned approximately 0.09% of Superior Industries International as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of 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 valued at $55,767,000 after buying an additional 75,867 shares in the last quarter. State Street Corp raised its position in shares of Superior Industries International by 13.0% in the first quarter. State Street Corp now owns 666,447 shares of the auto parts company’s stock valued at $16,898,000 after buying an additional 76,520 shares in the last quarter. Chartwell Investment Partners LLC raised its position in shares of Superior Industries International by 4.6% in the first quarter. Chartwell Investment Partners LLC now owns 357,066 shares of the auto parts company’s stock valued at $9,052,000 after buying an additional 15,810 shares in the last quarter. Bank of America Corp DE raised its position in shares of Superior Industries International by 30.8% in the first quarter. Bank of America Corp DE now owns 267,494 shares of the auto parts company’s stock valued at $6,781,000 after buying an additional 63,049 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Superior Industries International during the fourth quarter valued at approximately $6,228,000. 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. Superior Industries International, Inc. has a 1-year low of $17.80 and a 1-year high of $30.50. The firm has a 50-day moving average price of $19.86 and a 200 day moving average price of $22.04. The stock has a market cap of $445.84 million, a price-to-earnings ratio of 15.14 and a beta of 0.66.

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

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

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SUP has been the topic of several research reports. BidaskClub lowered Superior Industries International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. B. Riley restated a “buy” rating and set a $31.00 price target on shares of Superior Industries International in a research note on Tuesday, April 25th. Zacks Investment Research upgraded Superior Industries International from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. TheStreet lowered Superior Industries International from a “b-” rating to a “c+” rating in a research note on Tuesday, June 6th. Finally, ValuEngine lowered Superior Industries International from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Superior Industries International currently has an average rating of “Hold” and a consensus target price of $31.00.

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.

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

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