21,398 Shares in Stoneridge, Inc. (NYSE:SRI) Purchased by Amundi

Amundi acquired a new position in shares of Stoneridge, Inc. (NYSE:SRI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 21,398 shares of the auto parts company’s stock, valued at approximately $134,000. Amundi owned 0.08% of Stoneridge as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp raised its stake in Stoneridge by 1.9% during the third quarter. State Street Corp now owns 628,981 shares of the auto parts company’s stock worth $7,038,000 after acquiring an additional 11,929 shares during the period. JPMorgan Chase & Co. raised its stake in Stoneridge by 296.0% during the third quarter. JPMorgan Chase & Co. now owns 56,696 shares of the auto parts company’s stock worth $634,000 after acquiring an additional 42,379 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Stoneridge by 27.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,736 shares of the auto parts company’s stock worth $378,000 after acquiring an additional 7,332 shares during the period. Jane Street Group LLC raised its stake in Stoneridge by 218.3% during the third quarter. Jane Street Group LLC now owns 69,734 shares of the auto parts company’s stock worth $780,000 after acquiring an additional 47,829 shares during the period. Finally, Barclays PLC raised its stake in Stoneridge by 51.3% during the third quarter. Barclays PLC now owns 65,044 shares of the auto parts company’s stock worth $727,000 after acquiring an additional 22,052 shares during the period. Institutional investors and hedge funds own 98.07% of the company’s stock.

Stoneridge Price Performance

Shares of NYSE:SRI opened at $5.04 on Friday. The firm’s 50 day moving average is $5.02 and its two-hundred day moving average is $7.26. Stoneridge, Inc. has a 52 week low of $4.11 and a 52 week high of $18.57. The firm has a market capitalization of $139.44 million, a P/E ratio of -18.65 and a beta of 1.27. 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 (NYSE:SRI) last posted its quarterly earnings data on Wednesday, February 26th. The auto parts company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $207.61 million. Analysts anticipate that Stoneridge, Inc. will post -0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SRI. Barrington Research reiterated an “outperform” rating and set a $16.00 price objective on shares of Stoneridge in a research note on Tuesday, March 4th. StockNews.com lowered shares of Stoneridge from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th.

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.