Charles Schwab Investment Management Inc. lessened its holdings in shares of Stoneridge, Inc. (NYSE:SRI - Free Report) by 22.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 266,857 shares of the auto parts company's stock after selling 76,341 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.96% of Stoneridge worth $1,673,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the stock. US Bancorp DE boosted its holdings in shares of Stoneridge by 65.2% during the 4th quarter. US Bancorp DE now owns 6,791 shares of the auto parts company's stock valued at $43,000 after purchasing an additional 2,679 shares during the last quarter. Quarry LP bought a new position in Stoneridge during the third quarter valued at approximately $44,000. SG Americas Securities LLC purchased a new position in Stoneridge during the 4th quarter valued at approximately $74,000. Paloma Partners Management Co bought a new stake in Stoneridge in the 3rd quarter worth approximately $139,000. Finally, Virtu Financial LLC purchased a new stake in shares of Stoneridge during the 3rd quarter worth approximately $146,000. 98.07% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on SRI. StockNews.com raised shares of Stoneridge from a "hold" rating to a "buy" rating in a report on Saturday. Barrington Research reissued an "outperform" rating and issued a $16.00 price objective on shares of Stoneridge in a research note on Tuesday, March 4th.
Check Out Our Latest Report on SRI
Stoneridge Trading Up 0.0 %
Shares of Stoneridge stock traded up $0.00 on Tuesday, reaching $4.59. The company had a trading volume of 77,780 shares, compared to its average volume of 254,412. The firm has a market cap of $127.15 million, a price-to-earnings ratio of -17.04 and a beta of 1.27. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.44 and a quick ratio of 1.40. The firm's 50-day moving average price is $4.93 and its two-hundred day moving average price is $6.86. Stoneridge, Inc. has a 1 year low of $4.11 and a 1 year high of $18.57.
Stoneridge (NYSE:SRI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The auto parts company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.36). Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. The firm had revenue of $218.20 million for the quarter, compared to analysts' expectations of $207.61 million. As a group, research analysts predict that Stoneridge, Inc. will post -0.42 earnings per share for the current fiscal year.
About Stoneridge
(
Free Report)
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.
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