US Bancorp DE Buys 2,679 Shares of Stoneridge, Inc. (NYSE:SRI)

US Bancorp DE lifted its stake in shares of Stoneridge, Inc. (NYSE:SRI) by 65.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,791 shares of the auto parts company’s stock after acquiring an additional 2,679 shares during the period. US Bancorp DE’s holdings in Stoneridge were worth $43,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Rhumbline Advisers boosted its holdings in Stoneridge by 4.9% during the fourth quarter. Rhumbline Advisers now owns 48,478 shares of the auto parts company’s stock worth $304,000 after purchasing an additional 2,274 shares during the last quarter. XTX Topco Ltd boosted its holdings in Stoneridge by 25.7% during the third quarter. XTX Topco Ltd now owns 13,873 shares of the auto parts company’s stock worth $155,000 after purchasing an additional 2,833 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Stoneridge by 2.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 178,248 shares of the auto parts company’s stock worth $1,995,000 after purchasing an additional 3,748 shares during the last quarter. Quarry LP acquired a new stake in Stoneridge in the third quarter valued at $44,000. Finally, Disciplined Growth Investors Inc. MN lifted its stake in Stoneridge by 3.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 247,196 shares of the auto parts company’s stock valued at $2,766,000 after acquiring an additional 7,267 shares during the last quarter. Institutional investors own 98.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on SRI. StockNews.com cut shares of Stoneridge from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Barrington Research reiterated an “outperform” rating and issued a $16.00 price target on shares of Stoneridge in a research note on Tuesday, March 4th.

Stoneridge Price Performance

Shares of SRI opened at $4.99 on Wednesday. The firm has a market capitalization of $138.09 million, a PE ratio of -18.47 and a beta of 1.27. The company’s 50-day moving average is $5.04 and its 200-day moving average is $7.36. Stoneridge, Inc. has a fifty-two week low of $4.11 and a fifty-two week high of $18.57. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.44 and a quick ratio of 1.40.

Stoneridge (NYSE:SRI) last issued its quarterly earnings data on Wednesday, February 26th. The auto parts company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.36). Stoneridge had a negative net margin of 0.81% and a negative return on equity of 0.42%. The company had revenue of $218.20 million during the quarter, compared to the consensus estimate of $207.61 million. Equities analysts forecast that Stoneridge, Inc. will post -0.42 EPS for the current year.

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.