Citigroup Inc. trimmed its position in Superior Industries International, Inc. (NYSE:SUP) by 12.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,450 shares of the auto parts company’s stock after selling 4,301 shares during the quarter. Citigroup Inc. owned about 0.12% of Superior Industries International worth $625,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Comerica Bank raised its position in Superior Industries International by 2.3% during the first quarter. Comerica Bank now owns 24,906 shares of the auto parts company’s stock valued at $555,000 after acquiring an additional 556 shares in the last quarter. Karp Capital Management Corp purchased a new position in Superior Industries International during the first quarter valued at approximately $296,000. Parametric Portfolio Associates LLC raised its position in Superior Industries International by 12.7% during the first quarter. Parametric Portfolio Associates LLC now owns 103,495 shares of the auto parts company’s stock valued at $2,624,000 after acquiring an additional 11,673 shares in the last quarter. State of Tennessee Treasury Department raised its position in Superior Industries International by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 21,832 shares of the auto parts company’s stock valued at $553,000 after acquiring an additional 3,295 shares in the last quarter. Finally, Mason Street Advisors LLC raised its position in Superior Industries International by 4.9% during the first quarter. Mason Street Advisors LLC now owns 5,248 shares of the auto parts company’s stock valued at $133,000 after acquiring an additional 244 shares in the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

In other news, CEO Donald J. Stebbins bought 16,090 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $15.77 per share, with a total value of $253,739.30. Following the transaction, the chief executive officer now owns 105,459 shares of the company’s stock, valued at approximately $1,663,088.43. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jack A. Hockema bought 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was purchased at an average cost of $16.38 per share, for a total transaction of $327,600.00. Following the completion of the transaction, the director now directly owns 6,915 shares in the company, valued at approximately $113,267.70. The disclosure for this purchase can be found here. Insiders have bought 76,596 shares of company stock worth $1,161,839 in the last 90 days. Insiders own 1.50% of the company’s stock.

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Shares of Superior Industries International, Inc. (NYSE SUP) opened at 16.95 on Thursday. The stock has a 50 day moving average price of $15.76 and a 200-day moving average price of $19.03. The firm has a market capitalization of $422.12 million, a price-to-earnings ratio of 63.72 and a beta of 0.74. Superior Industries International, Inc. has a 52 week low of $14.00 and a 52 week high of $28.93.

Superior Industries International (NYSE:SUP) last posted its quarterly earnings data on Friday, August 4th. The auto parts company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.11). Superior Industries International had a return on equity of 9.54% and a net margin of 1.23%. The business had revenue of $240.60 million for the quarter, compared to analyst estimates of $190.98 million. During the same quarter last year, the business earned $0.52 EPS. Superior Industries International’s revenue for the quarter was up 31.7% compared to the same quarter last year. On average, analysts anticipate that Superior Industries International, Inc. will post $1.45 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Thursday, October 5th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Wednesday, October 4th. Superior Industries International’s dividend payout ratio (DPR) is 144.00%.

Several brokerages recently weighed in on SUP. BidaskClub cut Superior Industries International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. FBR & Co reiterated an “outperform” rating and set a $31.00 price target on shares of Superior Industries International in a research report on Tuesday, July 18th. Zacks Investment Research upgraded Superior Industries International from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Buckingham Research reduced their price target on Superior Industries International from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.67.

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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