Barclays PLC Acquires 22,052 Shares of Stoneridge, Inc. (NYSE:SRI)

Barclays PLC boosted its stake in shares of Stoneridge, Inc. (NYSE:SRI) by 51.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 65,044 shares of the auto parts company’s stock after acquiring an additional 22,052 shares during the quarter. Barclays PLC owned approximately 0.23% of Stoneridge worth $727,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP bought a new stake in shares of Stoneridge during the third quarter valued at approximately $44,000. US Bancorp DE acquired a new position in Stoneridge during the 3rd quarter worth $46,000. nVerses Capital LLC bought a new position in Stoneridge in the 3rd quarter valued at $59,000. Olympiad Research LP acquired a new stake in shares of Stoneridge in the 3rd quarter valued at $121,000. Finally, Paloma Partners Management Co bought a new stake in shares of Stoneridge during the third quarter worth $139,000. Institutional investors and hedge funds own 98.07% of the company’s stock.

Wall Street Analyst Weigh In

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

Stoneridge Price Performance

SRI opened at $6.27 on Wednesday. Stoneridge, Inc. has a 52 week low of $5.52 and a 52 week high of $19.67. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 2.44. The firm has a market capitalization of $173.60 million, a PE ratio of -23.22 and a beta of 1.34. The company has a fifty day moving average price of $6.93 and a two-hundred day moving average price of $11.30.

Stoneridge (NYSE:SRI) last released its earnings results on Wednesday, October 30th. The auto parts company reported ($0.24) earnings per share 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 analyst estimates 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 quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. As a group, analysts anticipate that Stoneridge, Inc. will post -0.42 earnings per share for the current 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.