Royce & Associates LP Buys 148,461 Shares of Stoneridge, Inc. (NYSE:SRI)

Royce & Associates LP increased its stake in Stoneridge, Inc. (NYSE:SRI - Free Report) by 12.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,357,043 shares of the auto parts company's stock after purchasing an additional 148,461 shares during the period. Royce & Associates LP owned 4.90% of Stoneridge worth $15,185,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. US Bancorp DE bought a new stake in shares of Stoneridge during the third quarter worth $46,000. nVerses Capital LLC acquired a new position in Stoneridge during the 3rd quarter valued at about $59,000. Olympiad Research LP acquired a new position in Stoneridge during the 3rd quarter valued at about $121,000. XTX Topco Ltd acquired a new stake in shares of Stoneridge during the 2nd quarter worth approximately $176,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Stoneridge by 12.1% during the second quarter. The Manufacturers Life Insurance Company now owns 11,336 shares of the auto parts company's stock worth $181,000 after buying an additional 1,226 shares during the last quarter. Institutional investors and hedge funds own 98.07% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. StockNews.com raised shares of Stoneridge from a "hold" rating to a "buy" rating in a report on Tuesday. Barrington Research reaffirmed an "outperform" rating and set a $16.00 price objective on shares of Stoneridge in a research note on Thursday, October 31st.

Stoneridge Price Performance

Shares of Stoneridge stock remained flat at $6.60 during trading hours on Friday. The company's stock had a trading volume of 244,214 shares, compared to its average volume of 164,460. The company has a market capitalization of $182.74 million, a P/E ratio of -24.44 and a beta of 1.36. The company has a quick ratio of 1.40, a current ratio of 2.44 and a debt-to-equity ratio of 0.72. The stock has a 50 day simple moving average of $9.81 and a 200 day simple moving average of $13.47. Stoneridge, Inc. has a 12 month low of $6.49 and a 12 month high of $19.91.

Stoneridge (NYSE:SRI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.32). The company had revenue of $213.80 million during the quarter, compared to the consensus estimate of $229.60 million. Stoneridge had a negative net margin of 0.81% and a negative return on equity of 0.42%. The company's revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 earnings per share. Equities analysts expect that Stoneridge, Inc. will post -0.38 EPS for the current year.

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.