66,043 Shares in Stoneridge, Inc. (NYSE:SRI) Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership acquired a new stake in Stoneridge, Inc. (NYSE:SRI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 66,043 shares of the auto parts company's stock, valued at approximately $414,000. Arrowstreet Capital Limited Partnership owned 0.24% of Stoneridge as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SRI. Raymond James Financial Inc. acquired a new stake in shares of Stoneridge during the fourth quarter worth $2,180,000. JPMorgan Chase & Co. boosted its position in Stoneridge by 380.6% during the 4th quarter. JPMorgan Chase & Co. now owns 272,460 shares of the auto parts company's stock worth $1,708,000 after acquiring an additional 215,764 shares during the period. Jane Street Group LLC increased its holdings in shares of Stoneridge by 218.3% in the 3rd quarter. Jane Street Group LLC now owns 69,734 shares of the auto parts company's stock valued at $780,000 after purchasing an additional 47,829 shares during the period. Boston Partners boosted its holdings in shares of Stoneridge by 128.8% during the fourth quarter. Boston Partners now owns 71,202 shares of the auto parts company's stock worth $446,000 after purchasing an additional 40,087 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Stoneridge by 246.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,909 shares of the auto parts company's stock valued at $313,000 after buying an additional 35,500 shares during the period. Institutional investors own 98.07% of the company's stock.

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Stoneridge Stock Down 0.9 %

NYSE SRI traded down $0.04 during trading on Tuesday, hitting $3.81. 96,430 shares of the company traded hands, compared to its average volume of 263,742. The business has a fifty day simple moving average of $4.66 and a 200 day simple moving average of $6.24. Stoneridge, Inc. has a 12 month low of $3.54 and a 12 month high of $18.40. The company has a current ratio of 2.44, a quick ratio of 1.40 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $105.95 million, a P/E ratio of -14.09 and a beta of 1.26.

Stoneridge (NYSE:SRI - Get Free Report) last announced its earnings results on Wednesday, February 26th. The auto parts company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.36). Stoneridge had a negative net margin of 0.81% and a negative return on equity of 0.42%. The business had revenue of $218.20 million for the quarter, compared to the consensus estimate of $207.61 million. As a group, sell-side analysts predict that Stoneridge, Inc. will post -0.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SRI. StockNews.com raised shares of Stoneridge from a "hold" rating to a "buy" rating in a research note on Saturday, March 29th. Barrington Research reiterated an "outperform" rating and set a $16.00 price target on shares of Stoneridge in a report on Tuesday, March 4th.

Stoneridge Profile

Stoneridge, Inc, together with its subsidiaries, designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates through three segments: Control Devices, Electronics, and Stoneridge Brazil.