Barclays PLC Has $727,000 Stock Position in Stoneridge, Inc. (NYSE:SRI)

Barclays PLC boosted its position in Stoneridge, Inc. (NYSE:SRI) by 51.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 65,044 shares of the auto parts company’s stock after purchasing an additional 22,052 shares during the period. Barclays PLC owned about 0.23% of Stoneridge worth $727,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Disciplined Growth Investors Inc. MN lifted its stake in Stoneridge by 3.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 247,196 shares of the auto parts company’s stock valued at $2,766,000 after purchasing an additional 7,267 shares during the last quarter. XTX Topco Ltd lifted its stake in Stoneridge by 25.7% in the 3rd quarter. XTX Topco Ltd now owns 13,873 shares of the auto parts company’s stock valued at $155,000 after purchasing an additional 2,833 shares during the last quarter. Jane Street Group LLC lifted its stake in Stoneridge by 218.3% in the 3rd quarter. Jane Street Group LLC now owns 69,734 shares of the auto parts company’s stock valued at $780,000 after purchasing an additional 47,829 shares during the last quarter. State Street Corp lifted its stake in Stoneridge by 1.9% in the 3rd 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 last quarter. Finally, Quarry LP acquired a new stake in Stoneridge during the third quarter worth approximately $44,000. 98.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on SRI shares. Barrington Research restated an “outperform” rating and set a $16.00 price objective on shares of Stoneridge in a research report 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 Trading Up 5.1 %

Shares of SRI stock opened at $5.79 on Thursday. The firm has a 50 day moving average price of $6.36 and a two-hundred day moving average price of $10.56. 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 company has a market capitalization of $160.31 million, a PE ratio of -21.44 and a beta of 1.35. Stoneridge, Inc. has a 12-month low of $5.23 and a 12-month high of $19.34.

Stoneridge (NYSE:SRI) last announced its earnings results 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). Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. The business 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 posted $0.10 earnings per share. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. As a group, analysts predict 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.