Superior Industries International (SUP) Now Covered by Barrington Research

Research analysts at Barrington Research began coverage on shares of Superior Industries International (NYSE:SUP) in a research report issued to clients and investors on Tuesday. The brokerage set an “outperform” rating and a $27.00 price target on the auto parts company’s stock. Barrington Research’s price target would indicate a potential upside of 67.70% from the stock’s previous close.

Several other brokerages also recently commented on SUP. B. Riley reiterated a “buy” rating on shares of Superior Industries International in a report on Wednesday, November 1st. Zacks Investment Research lowered Superior Industries International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Superior Industries International currently has an average rating of “Hold” and an average target price of $23.75.

Shares of Superior Industries International (NYSE:SUP) traded down $0.60 during trading hours on Tuesday, hitting $16.10. The company had a trading volume of 142,700 shares, compared to its average volume of 170,886. The stock has a market cap of $415.95, a P/E ratio of -80.50 and a beta of 0.79. The company has a current ratio of 2.36, a quick ratio of 1.34 and a debt-to-equity ratio of 1.39. Superior Industries International has a 1-year low of $13.95 and a 1-year high of $27.39.

Superior Industries International (NYSE:SUP) last announced its earnings results on Thursday, November 9th. The auto parts company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.58). The company had revenue of $331.40 million for the quarter, compared to analysts’ expectations of $316.20 million. Superior Industries International had a net margin of 0.66% and a return on equity of 7.96%. The business’s quarterly revenue was up 88.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 earnings per share. equities research analysts expect that Superior Industries International will post 0.91 EPS for the current year.

In other Superior Industries International news, Director Michael Bruynesteyn acquired 2,000 shares of the stock in a transaction on Wednesday, November 22nd. The stock was purchased at an average price of $16.00 per share, for a total transaction of $32,000.00. Following the purchase, the director now directly owns 7,946 shares in the company, valued at $127,136. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its position in shares of Superior Industries International by 1.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,616 shares of the auto parts company’s stock worth $115,000 after acquiring an additional 69 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Superior Industries International in the 3rd quarter worth approximately $155,000. BNP Paribas Arbitrage SA grew its position in shares of Superior Industries International by 51.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,070 shares of the auto parts company’s stock worth $186,000 after acquiring an additional 3,094 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Superior Industries International in the 3rd quarter worth approximately $186,000. Finally, Baker Ellis Asset Management LLC grew its position in shares of Superior Industries International by 52.0% in the 3rd quarter. Baker Ellis Asset Management LLC now owns 14,500 shares of the auto parts company’s stock worth $241,000 after acquiring an additional 4,960 shares in the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

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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.

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