Barrow Hanley Mewhinney & Strauss LLC lessened its stake in Superior Industries International Inc (NYSE:SUP) by 31.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,353 shares of the auto parts company’s stock after selling 47,724 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 0.42% of Superior Industries International worth $507,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in shares of Superior Industries International during the third quarter valued at approximately $389,000. Wells Fargo & Company MN boosted its holdings in Superior Industries International by 85.1% in the third quarter. Wells Fargo & Company MN now owns 168,433 shares of the auto parts company’s stock worth $2,871,000 after purchasing an additional 77,415 shares during the period. Chartwell Investment Partners LLC boosted its holdings in Superior Industries International by 17.8% in the fourth quarter. Chartwell Investment Partners LLC now owns 1,116,383 shares of the auto parts company’s stock worth $5,370,000 after purchasing an additional 168,433 shares during the period. GSA Capital Partners LLP acquired a new position in Superior Industries International in the third quarter worth $593,000. Finally, Morgan Stanley boosted its holdings in Superior Industries International by 29.7% in the third quarter. Morgan Stanley now owns 273,644 shares of the auto parts company’s stock worth $4,666,000 after purchasing an additional 62,717 shares during the period. Institutional investors and hedge funds own 84.69% of the company’s stock.
A number of research firms have commented on SUP. Zacks Investment Research downgraded shares of Superior Industries International from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. ValuEngine downgraded shares of Superior Industries International from a “hold” rating to a “sell” rating in a report on Friday, March 1st. BWS Financial reaffirmed a “hold” rating and issued a $6.00 price objective (down previously from $10.00) on shares of Superior Industries International in a report on Friday, February 8th. Barrington Research set a $15.00 price objective on shares of Superior Industries International and gave the stock a “buy” rating in a report on Tuesday, March 5th. Finally, Seaport Global Securities initiated coverage on shares of Superior Industries International in a research report on Wednesday, February 13th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $11.85.
Superior Industries International (NYSE:SUP) last announced its earnings results on Thursday, March 7th. The auto parts company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.04. The firm had revenue of $378.80 million during the quarter, compared to analysts’ expectations of $372.88 million. Superior Industries International had a return on equity of 3.46% and a net margin of 1.72%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.50) earnings per share. On average, analysts predict that Superior Industries International Inc will post -0.38 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.11%. Superior Industries International’s dividend payout ratio (DPR) is presently -720.00%.
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About Superior Industries International
Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America and Europe. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names.
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