14,409 Shares in Stoneridge, Inc. (NYSE:SRI) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Stoneridge, Inc. (NYSE:SRI) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 14,409 shares of the auto parts company’s stock, valued at approximately $161,000. Connor Clark & Lunn Investment Management Ltd. owned 0.05% of Stoneridge as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. US Bancorp DE purchased a new position in shares of Stoneridge in the third quarter valued at $46,000. nVerses Capital LLC acquired a new position in Stoneridge in the 3rd quarter worth $59,000. Olympiad Research LP purchased a new position in Stoneridge in the 3rd quarter valued at about $121,000. Quest Partners LLC boosted its position in Stoneridge by 95,350.0% in the 3rd quarter. Quest Partners LLC now owns 15,272 shares of the auto parts company’s stock valued at $171,000 after buying an additional 15,256 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Stoneridge during the second quarter worth about $176,000. Institutional investors and hedge funds own 98.07% of the company’s stock.

Stoneridge Stock Performance

Shares of Stoneridge stock opened at $6.86 on Monday. The firm has a market cap of $189.95 million, a PE ratio of -25.41 and a beta of 1.36. Stoneridge, Inc. has a 1 year low of $5.89 and a 1 year high of $19.91. The firm’s 50-day simple moving average is $8.67 and its 200-day simple moving average is $12.80. 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) last released its earnings results on Wednesday, October 30th. The auto parts company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.32). Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. The firm had revenue of $213.80 million for the quarter, compared to the consensus estimate of $229.60 million. During the same period in the prior year, the business earned $0.10 EPS. The company’s quarterly revenue was down 10.2% on a year-over-year basis. Equities analysts forecast that Stoneridge, Inc. will post -0.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. StockNews.com downgraded Stoneridge from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Barrington Research reiterated an “outperform” rating and set a $16.00 target price on shares of Stoneridge in a research note on Thursday, October 31st.

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.