Stoneridge, Inc. (NYSE:SRI) Shares Sold by EVR Research LP

EVR Research LP trimmed its stake in Stoneridge, Inc. (NYSE:SRI - Free Report) by 77.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,000 shares of the auto parts company's stock after selling 670,000 shares during the period. EVR Research LP owned 0.72% of Stoneridge worth $1,254,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Federated Hermes Inc. purchased a new stake in Stoneridge during the fourth quarter valued at $25,000. US Bancorp DE increased its stake in Stoneridge by 65.2% during the fourth quarter. US Bancorp DE now owns 6,791 shares of the auto parts company's stock worth $43,000 after acquiring an additional 2,679 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Stoneridge during the fourth quarter valued at approximately $74,000. Virtu Financial LLC purchased a new position in shares of Stoneridge in the 3rd quarter worth approximately $146,000. Finally, XTX Topco Ltd grew its holdings in Stoneridge by 25.7% during the 3rd quarter. XTX Topco Ltd now owns 13,873 shares of the auto parts company's stock valued at $155,000 after purchasing an additional 2,833 shares during the last quarter. Institutional investors own 98.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SRI shares. StockNews.com raised Stoneridge from a "hold" rating to a "buy" rating in a research note on Saturday, March 29th. 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.

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Stoneridge Stock Down 0.9 %

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

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

About Stoneridge

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.