Great West Life Assurance Co. Can Has $682,000 Stake in Superior Industries International, Inc. (NYSE:SUP)

Great West Life Assurance Co. Can increased its holdings in Superior Industries International, Inc. (NYSE:SUP) by 8.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,298 shares of the auto parts company’s stock after buying an additional 2,500 shares during the period. Great West Life Assurance Co. Can owned about 0.13% of Superior Industries International worth $682,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Mason Street Advisors LLC raised its stake in Superior Industries International by 4.9% in the first quarter. Mason Street Advisors LLC now owns 5,248 shares of the auto parts company’s stock worth $133,000 after buying an additional 244 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in Superior Industries International by 2.5% in the first quarter. Thrivent Financial For Lutherans now owns 12,690 shares of the auto parts company’s stock worth $322,000 after buying an additional 310 shares in the last quarter. Shufro Rose & Co. LLC raised its stake 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. Comerica Bank raised its stake in Superior Industries International by 2.3% in the first quarter. Comerica Bank now owns 24,906 shares of the auto parts company’s stock worth $555,000 after buying an additional 556 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake in Superior Industries International by 3.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 24,200 shares of the auto parts company’s stock worth $497,000 after buying an additional 720 shares in the last quarter. 82.18% of the stock is owned by institutional investors.

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Superior Industries International, Inc. (NYSE SUP) traded up 1.56% during midday trading on Friday, reaching $16.30. 167,196 shares of the company’s stock traded hands. The company has a market capitalization of $405.94 million, a PE ratio of 61.28 and a beta of 0.72. Superior Industries International, Inc. has a 1-year low of $14.00 and a 1-year high of $30.12. The firm’s 50 day moving average price is $15.48 and its 200-day moving average price is $20.03.

Superior Industries International (NYSE:SUP) last issued its quarterly earnings data 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 9.54% and a net margin of 1.23%. The business had revenue of $240.60 million for the quarter, compared to analysts’ expectations of $190.98 million. During the same period in the previous year, the business posted $0.52 earnings per share. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. Equities analysts expect 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. Shareholders of record on Thursday, October 5th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.21%. The ex-dividend date is Wednesday, October 4th. Superior Industries International’s payout ratio is currently 144.00%.

In other Superior Industries International news, CEO Donald J. Stebbins acquired 16,090 shares of the stock in a transaction on Friday, August 11th. The shares were bought 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jack A. Hockema acquired 20,000 shares of the stock in a transaction on Wednesday, August 9th. The shares were acquired 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 acquired a total of 76,596 shares of company stock worth $1,161,839 over the last three months. 1.50% of the stock is currently owned by insiders.

SUP has been the topic of several analyst reports. TheStreet lowered shares of Superior Industries International from a “b-” rating to a “c+” rating in a report on Tuesday, June 6th. ValuEngine lowered shares of Superior Industries International from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of Superior Industries International from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub raised shares of Superior Industries International from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Finally, Buckingham Research cut their price target on shares of Superior Industries International from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $24.67.

Superior Industries International 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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