Thrivent Financial for Lutherans Sells 1,429,683 Shares of Stoneridge, Inc. (NYSE:SRI)

Thrivent Financial for Lutherans cut its holdings in shares of Stoneridge, Inc. (NYSE:SRI - Free Report) by 47.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,605,960 shares of the auto parts company's stock after selling 1,429,683 shares during the quarter. Thrivent Financial for Lutherans owned approximately 5.80% of Stoneridge worth $10,070,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SRI. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Stoneridge by 246.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,909 shares of the auto parts company's stock valued at $313,000 after acquiring an additional 35,500 shares during the period. Amundi purchased a new position in shares of Stoneridge in the fourth quarter worth approximately $134,000. Raymond James Financial Inc. purchased a new stake in shares of Stoneridge in the fourth quarter valued at $2,180,000. US Bancorp DE grew its stake in 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 acquiring an additional 2,679 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Stoneridge by 4.9% during the 4th quarter. Rhumbline Advisers now owns 48,478 shares of the auto parts company's stock valued at $304,000 after buying an additional 2,274 shares during the period. 98.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SRI has been the topic of a number of recent research reports. Barrington Research restated an "outperform" rating and set a $16.00 price target on shares of Stoneridge in a report on Tuesday, March 4th. StockNews.com downgraded Stoneridge from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th.

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Stoneridge Stock Performance

SRI traded down $0.07 during trading on Wednesday, reaching $5.13. 184,730 shares of the company's stock were exchanged, compared to its average volume of 249,715. The company has a market capitalization of $141.94 million, a P/E ratio of -18.98 and a beta of 1.27. 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 business has a 50 day moving average price of $5.01 and a 200 day moving average price of $7.07. Stoneridge, Inc. has a fifty-two week low of $4.11 and a fifty-two week high of $18.57.

Stoneridge (NYSE:SRI - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The auto parts company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.36). The company had revenue of $218.20 million for 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%. As a group, analysts predict that Stoneridge, Inc. will post -0.42 earnings per share for the current fiscal 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.