Royce & Associates LP Lowers Stock Holdings in Stoneridge, Inc. (NYSE:SRI)

Royce & Associates LP cut its holdings in Stoneridge, Inc. (NYSE:SRI - Free Report) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,281,623 shares of the auto parts company's stock after selling 75,420 shares during the period. Royce & Associates LP owned approximately 4.63% of Stoneridge worth $8,036,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SRI. Thrivent Financial for Lutherans grew its position in Stoneridge by 0.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,035,643 shares of the auto parts company's stock worth $33,969,000 after acquiring an additional 24,548 shares during the last quarter. State Street Corp boosted its stake in shares of Stoneridge by 1.9% during the third quarter. State Street Corp now owns 628,981 shares of the auto parts company's stock valued at $7,038,000 after purchasing an additional 11,929 shares during the period. Raymond James Financial Inc. bought a new position in shares of Stoneridge in the fourth quarter worth approximately $2,180,000. Disciplined Growth Investors Inc. MN increased its stake in shares of Stoneridge by 3.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 247,196 shares of the auto parts company's stock worth $2,766,000 after buying an additional 7,267 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Stoneridge by 2.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 178,248 shares of the auto parts company's stock worth $1,995,000 after buying an additional 3,748 shares during the period. 98.07% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SRI shares. StockNews.com cut shares of Stoneridge from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Barrington Research reissued an "outperform" rating and issued a $16.00 target price on shares of Stoneridge in a research note on Tuesday, March 4th.

Stoneridge Trading Down 5.2 %

Shares of SRI traded down $0.28 during mid-day trading on Friday, hitting $5.04. 363,572 shares of the company's stock traded hands, compared to its average volume of 248,754. 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 firm has a market capitalization of $139.44 million, a P/E ratio of -18.65 and a beta of 1.27. The business's 50-day moving average price is $5.02 and its 200-day moving average price is $7.26. 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 released its quarterly 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 company had revenue of $218.20 million during the quarter, compared to the consensus estimate of $207.61 million. As a group, sell-side analysts forecast that Stoneridge, Inc. will post -0.42 EPS for the current fiscal year.

Stoneridge Company 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.