Stoneridge (NYSE:SRI) Given “Outperform” Rating at Barrington Research

Barrington Research restated their outperform rating on shares of Stoneridge (NYSE:SRI) in a report released on Monday,Benzinga reports. They currently have a $16.00 price objective on the auto parts company’s stock.

Separately, StockNews.com cut Stoneridge from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

Stoneridge Stock Performance

NYSE:SRI opened at $4.21 on Monday. The firm has a market capitalization of $116.57 million, a PE ratio of -15.59 and a beta of 1.34. The company has a current ratio of 2.44, a quick ratio of 1.40 and a debt-to-equity ratio of 0.72. Stoneridge has a 1 year low of $4.11 and a 1 year high of $18.85. The firm’s fifty day simple moving average is $5.34 and its 200 day simple moving average is $8.35.

Institutional Investors Weigh In On Stoneridge

Hedge funds have recently made changes to their positions in the stock. Millennium Management LLC raised its holdings in Stoneridge by 440.8% in the 4th quarter. Millennium Management LLC now owns 926,540 shares of the auto parts company’s stock valued at $5,809,000 after acquiring an additional 755,223 shares in the last quarter. AYAL Capital Advisors Ltd raised its stake in shares of Stoneridge by 264.2% in the fourth quarter. AYAL Capital Advisors Ltd now owns 923,494 shares of the auto parts company’s stock valued at $5,790,000 after purchasing an additional 669,935 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in Stoneridge by 405.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 699,838 shares of the auto parts company’s stock worth $4,388,000 after purchasing an additional 561,488 shares during the period. Raymond James Financial Inc. acquired a new stake in Stoneridge during the fourth quarter worth $2,180,000. Finally, 22NW LP bought a new stake in Stoneridge in the 4th quarter valued at $2,149,000. Institutional investors own 98.07% of the company’s stock.

About Stoneridge

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.