Superior Industries International (NYSE:SUP) Coverage Initiated by Analysts at StockNews.com

Posted by on May 5th, 2023

Research analysts at StockNews.com initiated coverage on shares of Superior Industries International (NYSE:SUP – Get Rating) in a note issued to investors on Friday. The brokerage set a “strong-buy” rating on the auto parts company’s stock.

Superior Industries International Stock Performance

SUP stock opened at $3.85 on Friday. Superior Industries International has a fifty-two week low of $2.88 and a fifty-two week high of $7.38. The stock has a fifty day moving average of $5.30 and a 200-day moving average of $4.98. The company has a market capitalization of $107.90 million, a price-to-earnings ratio of 385.00 and a beta of 3.90.

Superior Industries International (NYSE:SUP – Get Rating) last issued its earnings results on Thursday, March 2nd. The auto parts company reported $0.21 EPS for the quarter. Superior Industries International had a negative return on equity of 68.88% and a net margin of 2.26%. The business had revenue of $402.10 million during the quarter, compared to the consensus estimate of $405.13 million.

Insiders Place Their Bets

In other Superior Industries International news, major shareholder Mill Road Capital Iii, L.P. purchased 53,786 shares of the company’s stock in a transaction dated Friday, March 31st. The stock was purchased at an average price of $4.99 per share, for a total transaction of $268,392.14. Following the transaction, the insider now owns 4,127,820 shares in the company, valued at approximately $20,597,821.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Superior Industries International news, major shareholder Mill Road Capital Iii, L.P. purchased 53,786 shares of the company’s stock in a transaction dated Friday, March 31st. The stock was purchased at an average price of $4.99 per share, for a total transaction of $268,392.14. Following the transaction, the insider now owns 4,127,820 shares in the company, valued at approximately $20,597,821.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Parveen Kakar sold 69,544 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $6.24, for a total value of $433,954.56. Following the transaction, the senior vice president now directly owns 15,473 shares in the company, valued at $96,551.52. The disclosure for this sale can be found here. In the last quarter, insiders purchased 122,836 shares of company stock worth $613,532 and sold 156,805 shares worth $1,023,914. 8.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Superior Industries International

Hedge funds have recently made changes to their positions in the company. Hillsdale Investment Management Inc. purchased a new position in shares of Superior Industries International in the third quarter worth $28,000. Marshall Wace LLP purchased a new position in shares of Superior Industries International in the third quarter worth $32,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Superior Industries International in the third quarter worth $35,000. SG Americas Securities LLC purchased a new position in shares of Superior Industries International in the fourth quarter worth $52,000. Finally, Atria Wealth Solutions Inc. purchased a new position in shares of Superior Industries International in the first quarter worth $52,000. 61.22% of the stock is currently owned by institutional investors.

About Superior Industries International

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Superior Industries International, Inc engages in the design and manufacture of aluminum road wheels for passenger cars and light-duty vehicles. It operates through the North America and Europe segments. The company was founded by Louis L. Borick in 1957 and is headquartered in Southfield, MI.

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