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

Barrington Research reaffirmed their outperform rating on shares of Stoneridge (NYSE:SRI) in a research report sent to investors on Tuesday,Benzinga reports. Barrington Research currently has a $16.00 price target on the auto parts company’s stock.

Separately, StockNews.com upgraded Stoneridge from a “hold” rating to a “buy” rating in a research note on Friday, February 28th.

Stoneridge Price Performance

Shares of SRI opened at $5.38 on Tuesday. Stoneridge has a 12-month low of $4.11 and a 12-month high of $18.57. The business’s fifty day moving average is $5.22 and its 200 day moving average is $7.98. 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 stock has a market cap of $148.85 million, a P/E ratio of -19.91 and a beta of 1.34.

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

Hedge Funds Weigh In On Stoneridge

Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its position in shares of Stoneridge by 119.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 39,324 shares of the auto parts company’s stock valued at $247,000 after purchasing an additional 21,388 shares during the last quarter. PharVision Advisers LLC purchased a new stake in shares of Stoneridge during the 4th quarter valued at $392,000. Squarepoint Ops LLC increased its position in shares of Stoneridge by 244.5% during the 4th quarter. Squarepoint Ops LLC now owns 44,071 shares of the auto parts company’s stock valued at $276,000 after purchasing an additional 31,278 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in shares of Stoneridge during the 4th quarter valued at $165,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Stoneridge during the 4th quarter valued at $698,000. 98.07% of the stock is currently owned by institutional investors.

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.