Superior Industries International, Inc. (SUP) SVP Shawn Pallagi Acquires 10,000 Shares of Stock

Superior Industries International, Inc. (NYSE:SUP) SVP Shawn Pallagi bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was purchased at an average price of $14.64 per share, for a total transaction of $146,400.00. Following the completion of the transaction, the senior vice president now directly owns 10,952 shares of the company’s stock, valued at approximately $160,337.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Superior Industries International, Inc. (SUP) traded up 1.36% during midday trading on Friday, reaching $14.90. The company’s stock had a trading volume of 147,752 shares. The stock’s 50 day moving average price is $17.88 and its 200 day moving average price is $21.06. Superior Industries International, Inc. has a one year low of $14.00 and a one year high of $30.50. The firm has a market cap of $371.07 million, a price-to-earnings ratio of 56.02 and a beta of 0.66.

Superior Industries International (NYSE:SUP) last announced its earnings results on Friday, August 4th. The auto parts company reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm 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 posted $0.52 EPS. The firm’s revenue was up 31.7% compared to the same quarter last year. Analysts predict that Superior Industries International, Inc. will post $1.65 earnings per share for the current year.

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A number of equities research analysts recently commented on the company. B. Riley reiterated a “buy” rating and issued a $31.00 target price on shares of Superior Industries International in a research report on Sunday, April 30th. BidaskClub downgraded Superior Industries International from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Buckingham Research decreased their price objective on Superior Industries International from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 15th. FBR & Co decreased their price objective on Superior Industries International from $31.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 8th. Finally, Zacks Investment Research upgraded Superior Industries International from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.67.

A number of hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Superior Industries International during the fourth quarter worth about $6,228,000. Shufro Rose & Co. LLC increased its position 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. B. Riley Financial Inc. bought a new position in Superior Industries International during the first quarter worth $554,000. KCG Holdings Inc. bought a new position in Superior Industries International during the first quarter worth $239,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Superior Industries International by 715.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,559 shares of the auto parts company’s stock worth $116,000 after buying an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

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.