GSA Capital Partners LLP cut its holdings in shares of Stoneridge, Inc. (NYSE:SRI) by 58.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,939 shares of the auto parts company’s stock after selling 46,846 shares during the period. GSA Capital Partners LLP owned about 0.12% of Stoneridge worth $523,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Marshall Wace North America L.P. boosted its position in Stoneridge by 34.0% during the 2nd quarter. Marshall Wace North America L.P. now owns 57,523 shares of the auto parts company’s stock worth $863,000 after buying an additional 14,606 shares during the period. Royce & Associates LP boosted its position in Stoneridge by 343.7% during the 2nd quarter. Royce & Associates LP now owns 1,235,737 shares of the auto parts company’s stock worth $19,043,000 after buying an additional 957,237 shares during the period. Dimensional Fund Advisors LP boosted its position in Stoneridge by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,548,415 shares of the auto parts company’s stock worth $28,088,000 after buying an additional 5,670 shares during the period. Morgan Stanley boosted its position in Stoneridge by 1.5% during the 1st quarter. Morgan Stanley now owns 119,238 shares of the auto parts company’s stock worth $2,163,000 after buying an additional 1,725 shares during the period. Finally, Kennedy Capital Management Inc. acquired a new stake in Stoneridge during the 2nd quarter worth approximately $2,732,000. Institutional investors and hedge funds own 87.79% of the company’s stock.
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Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Stoneridge from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. BidaskClub downgraded shares of Stoneridge from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Finally, ValuEngine upgraded shares of Stoneridge from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Stoneridge presently has a consensus rating of “Hold” and a consensus price target of $18.67.
In other Stoneridge news, insider Robert J. Jr. Hartman sold 7,358 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $16.51, for a total value of $121,480.58. Following the completion of the sale, the insider now owns 37,281 shares of the company’s stock, valued at $615,509.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Michael D. Sloan sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $16.30, for a total value of $489,000.00. Following the completion of the sale, the vice president now directly owns 34,223 shares of the company’s stock, valued at approximately $557,834.90. The disclosure for this sale can be found here. 5.30% of the stock is owned by corporate insiders.
Shares of Stoneridge, Inc. (SRI) opened at 21.68 on Wednesday. The company’s 50-day moving average is $18.23 and its 200 day moving average is $16.96. The firm has a market capitalization of $610.70 million, a P/E ratio of 8.02 and a beta of 1.44. Stoneridge, Inc. has a 52-week low of $13.42 and a 52-week high of $22.34.
Stoneridge (NYSE:SRI) last issued its earnings results on Wednesday, August 2nd. The auto parts company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.10. The business had revenue of $209.10 million during the quarter, compared to analyst estimates of $202.45 million. Stoneridge had a return on equity of 22.52% and a net margin of 10.12%. Stoneridge’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Analysts expect that Stoneridge, Inc. will post $1.46 EPS for the current fiscal year.
Stoneridge Company Profile
Stoneridge, Inc is a designer and manufacturer of engineered electrical and electronic components, modules and systems for the automotive, commercial, motorcycle, off-highway and agricultural vehicle markets. The Company operates through three segments: Control Devices, Electronics and PST. The Company’s Control Devices segment designs and manufactures products that monitor, measure or activate specific functions within a vehicle and includes product lines, such as sensors, switches, valves, and actuators.
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