Superior Industries International (NYSE:SUP) Earns Buy Rating from Analysts at StockNews.com

Posted by on Jul 16th, 2023

Research analysts at StockNews.com began coverage on shares of Superior Industries International (NYSE:SUP – Get Free Report) in a report released on Sunday. The brokerage set a “buy” rating on the auto parts company’s stock.

Superior Industries International Trading Down 1.6 %

Shares of SUP opened at $3.64 on Friday. The firm has a market cap of $101.59 million, a price-to-earnings ratio of -7.00 and a beta of 3.82. The stock has a 50 day moving average of $3.59 and a 200-day moving average of $4.68. Superior Industries International has a 52 week low of $2.88 and a 52 week high of $7.38.

Superior Industries International (NYSE:SUP – Get Free Report) last issued its earnings results on Thursday, May 4th. The auto parts company reported ($0.07) EPS for the quarter. The firm had revenue of $381.00 million during the quarter, compared to analyst estimates of $404.51 million. Superior Industries International had a negative return on equity of 76.52% and a net margin of 1.41%.

Insider Activity at Superior Industries International

In related news, major shareholder Mill Road Capital Iii, L.P. acquired 66,300 shares of Superior Industries International stock in a transaction that occurred on Friday, April 21st. The stock was acquired at an average price of $5.00 per share, for a total transaction of $331,500.00. Following the transaction, the insider now directly owns 4,196,870 shares of the company’s stock, valued at approximately $20,984,350. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Superior Industries International news, major shareholder Mill Road Capital Iii, L.P. bought 66,300 shares of the business’s stock in a transaction on Friday, April 21st. The shares were purchased at an average price of $5.00 per share, with a total value of $331,500.00. Following the purchase, the insider now directly owns 4,196,870 shares of the company’s stock, valued at $20,984,350. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Timothy Trenary sold 12,899 shares of Superior Industries International stock in a transaction on Friday, July 14th. The shares were sold at an average price of $3.59, for a total value of $46,307.41. Following the sale, the chief financial officer now directly owns 142,211 shares in the company, valued at approximately $510,537.49. The disclosure for this sale can be found here. Insiders sold 101,916 shares of company stock worth $364,525 in the last 90 days. 8.90% of the stock is currently owned by company insiders.

Institutional Trading of Superior Industries International

Several hedge funds have recently added to or reduced their stakes in SUP. Marshall Wace LLP bought a new stake in shares of Superior Industries International in the 3rd quarter worth $32,000. Tower Research Capital LLC TRC raised its stake in shares of Superior Industries International by 868.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 10,222 shares of the auto parts company’s stock worth $51,000 after buying an additional 9,166 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Superior Industries International in the 4th quarter worth $52,000. Atria Wealth Solutions Inc. bought a new stake in shares of Superior Industries International in the 1st quarter worth $52,000. Finally, Moneta Group Investment Advisors LLC bought a new stake in shares of Superior Industries International in the 1st quarter worth $69,000. Institutional investors own 45.00% of the company’s stock.

About Superior Industries International

(Get Free Report)

Superior Industries International, Inc, together with its subsidiaries, designs, manufactures, and sells aluminum wheels to the original equipment manufacturers and aftermarket distributors in North America and Europe. It offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names. The company was founded in 1957 and is headquartered in Southfield, Michigan.

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