Bank of New York Mellon Corp grew its stake in shares of Superior Industries International Inc (NYSE:SUP) by 3.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 381,490 shares of the auto parts company’s stock after buying an additional 11,904 shares during the period. Bank of New York Mellon Corp’s holdings in Superior Industries International were worth $6,505,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Prudential Financial Inc. raised its holdings in Superior Industries International by 55.9% in the 3rd quarter. Prudential Financial Inc. now owns 259,336 shares of the auto parts company’s stock worth $4,422,000 after acquiring an additional 93,000 shares during the period. Wells Fargo & Company MN raised its holdings in Superior Industries International by 85.1% in the 3rd quarter. Wells Fargo & Company MN now owns 168,433 shares of the auto parts company’s stock worth $2,871,000 after acquiring an additional 77,415 shares during the period. First Trust Advisors LP raised its holdings in Superior Industries International by 32.7% in the 3rd quarter. First Trust Advisors LP now owns 34,960 shares of the auto parts company’s stock worth $596,000 after acquiring an additional 8,605 shares during the period. Strs Ohio bought a new position in Superior Industries International in the 3rd quarter worth $304,000. Finally, Bank of Montreal Can raised its holdings in Superior Industries International by 753.9% in the 3rd quarter. Bank of Montreal Can now owns 9,222 shares of the auto parts company’s stock worth $157,000 after acquiring an additional 8,142 shares during the period. 83.27% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Donald J. Stebbins acquired 31,249 shares of the company’s stock in a transaction dated Thursday, November 15th. The shares were bought at an average price of $8.00 per share, for a total transaction of $249,992.00. Following the acquisition, the chief executive officer now owns 184,838 shares in the company, valued at approximately $1,478,704. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Joanne M. Finnorn acquired 3,400 shares of the company’s stock in a transaction dated Tuesday, November 13th. The shares were bought at an average price of $7.50 per share, for a total transaction of $25,500.00. Following the acquisition, the senior vice president now owns 34,201 shares in the company, valued at approximately $256,507.50. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 103,683 shares of company stock worth $838,030. Insiders own 2.60% of the company’s stock.

NYSE:SUP opened at $4.67 on Monday. Superior Industries International Inc has a 52-week low of $4.36 and a 52-week high of $22.95. The company has a current ratio of 2.19, a quick ratio of 1.14 and a debt-to-equity ratio of 1.71. The stock has a market cap of $116.84 million, a PE ratio of 4.25 and a beta of 1.96.

Superior Industries International (NYSE:SUP) last posted its quarterly earnings data on Friday, November 9th. The auto parts company reported ($0.29) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.06. Superior Industries International had a net margin of 0.88% and a return on equity of 9.82%. The company had revenue of $347.60 million for the quarter, compared to the consensus estimate of $346.65 million. During the same quarter in the previous year, the firm posted ($0.22) EPS. The business’s revenue was up 4.9% compared to the same quarter last year. On average, research analysts expect that Superior Industries International Inc will post -0.12 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 18th. Stockholders of record on Friday, January 4th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, January 3rd. This represents a $0.36 annualized dividend and a dividend yield of 7.71%. Superior Industries International’s payout ratio is 32.73%.

Several research analysts recently commented on the stock. BWS Financial reiterated a “hold” rating and issued a $6.00 target price (down previously from $10.00) on shares of Superior Industries International in a report on Friday. ValuEngine upgraded shares of Superior Industries International from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Zacks Investment Research upgraded shares of Superior Industries International from a “sell” rating to a “buy” rating and set a $6.25 price objective on the stock in a report on Tuesday, January 15th. Barrington Research restated a “buy” rating on shares of Superior Industries International in a report on Friday, November 16th. Finally, TheStreet downgraded shares of Superior Industries International from a “c-” rating to a “d+” rating in a report on Wednesday, November 14th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Superior Industries International presently has a consensus rating of “Buy” and an average price target of $11.85.

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Superior Industries International Company Profile

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.

Further Reading: How can you know how many shares are floating?

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

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