Gamco Investors INC. ET AL Sells 3,000 Shares of Stoneridge, Inc. (SRI)

Gamco Investors INC. ET AL reduced its position in Stoneridge, Inc. (NYSE:SRI) by 0.7% during the fourth quarter, HoldingsChannel reports. The firm owned 454,594 shares of the auto parts company’s stock after selling 3,000 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Stoneridge were worth $10,392,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its stake in Stoneridge by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 112,389 shares of the auto parts company’s stock valued at $1,732,000 after acquiring an additional 627 shares in the last quarter. Ameriprise Financial Inc. bought a new position in Stoneridge during the 2nd quarter valued at $440,000. Citigroup Inc. lifted its stake in Stoneridge by 5,721.8% during the 2nd quarter. Citigroup Inc. now owns 39,006 shares of the auto parts company’s stock valued at $601,000 after acquiring an additional 38,336 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in Stoneridge by 17.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 82,857 shares of the auto parts company’s stock valued at $1,277,000 after acquiring an additional 12,110 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Stoneridge by 33.4% during the 2nd quarter. Renaissance Technologies LLC now owns 835,600 shares of the auto parts company’s stock valued at $12,877,000 after acquiring an additional 209,000 shares in the last quarter. Institutional investors own 87.27% of the company’s stock.

SRI has been the subject of several research analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Stoneridge in a research report on Friday, November 17th. Zacks Investment Research raised Stoneridge from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Saturday, January 13th. ValuEngine raised Stoneridge from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Finally, B. Riley reaffirmed a “neutral” rating on shares of Stoneridge in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Stoneridge presently has an average rating of “Hold” and an average price target of $24.50.

Shares of Stoneridge, Inc. (SRI) opened at $22.35 on Friday. Stoneridge, Inc. has a 12-month low of $14.16 and a 12-month high of $26.47. The stock has a market capitalization of $658.92, a price-to-earnings ratio of 15.59 and a beta of 1.30. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.65 and a current ratio of 2.24.

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Stoneridge 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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Institutional Ownership by Quarter for Stoneridge (NYSE:SRI)

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