BlackRock Fund Advisors increased its stake in shares of Superior Industries International Inc. (NYSE:SUP) by 0.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,502,233 shares of the company’s stock after buying an additional 2,965 shares during the period. BlackRock Fund Advisors owned about 5.71% of Superior Industries International worth $33,169,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of SUP. Systematic Financial Management LP acquired a new stake in Superior Industries International during the fourth quarter valued at about $1,244,000. Schwab Charles Investment Management Inc. raised its stake in Superior Industries International by 2.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 70,195 shares of the company’s stock valued at $1,293,000 after buying an additional 1,837 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Superior Industries International by 15.8% in the fourth quarter. Ameriprise Financial Inc. now owns 131,019 shares of the company’s stock valued at $2,413,000 after buying an additional 17,893 shares in the last quarter. Ariel Investments LLC raised its stake in Superior Industries International by 0.5% in the fourth quarter. Ariel Investments LLC now owns 129,300 shares of the company’s stock valued at $2,382,000 after buying an additional 700 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Superior Industries International by 31.7% in the fourth quarter. Millennium Management LLC now owns 118,812 shares of the company’s stock valued at $2,189,000 after buying an additional 28,593 shares in the last quarter.
Shares of Superior Industries International Inc. (NYSE:SUP) traded up 3.57% during midday trading on Wednesday, reaching $31.30. The company’s stock had a trading volume of 579,388 shares. The company’s 50-day moving average price is $27.86 and its 200-day moving average price is $23.68. Superior Industries International Inc. has a 12 month low of $16.35 and a 12 month high of $32.12. The company has a market cap of $795.24 million and a PE ratio of 24.21.
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 19th. Stockholders of record on Tuesday, July 5th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, June 30th. This represents a $0.72 annualized dividend and a dividend yield of 2.30%.
Several equities research analysts recently issued reports on SUP shares. BWS Financial started coverage on Superior Industries International in a research note on Thursday, April 14th. They set a “buy” rating for the company. B. Riley reissued a “neutral” rating and set a $26.50 price objective on shares of Superior Industries International in a research note on Wednesday, April 20th. Zacks Investment Research lowered Superior Industries International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Finally, Sidoti lowered Superior Industries International from a “buy” rating to a “neutral” rating and set a $31.00 price objective for the company. in a research note on Wednesday, July 13th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Superior Industries International currently has an average rating of “Hold” and a consensus price target of $27.38.
In other news, SVP Parveen Kakar sold 6,396 shares of the company’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $26.16, for a total value of $167,319.36. Following the completion of the sale, the senior vice president now directly owns 17,034 shares in the company, valued at approximately $445,609.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Superior Industries International, Inc is engaged in designing and manufacturing aluminum road wheels for sale to original equipment manufacturers (OEMs). It operates in the segment of automotive wheels. Its supplies cast aluminum wheels. The Company offers its products to the automobile and light truck manufacturers.
