Raymond James Financial Inc. bought a new stake in Stoneridge, Inc. (NYSE:SRI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 347,714 shares of the auto parts company's stock, valued at approximately $2,180,000. Raymond James Financial Inc. owned about 1.26% of Stoneridge as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Federated Hermes Inc. purchased a new stake in Stoneridge during the 4th quarter worth about $25,000. US Bancorp DE grew its holdings in Stoneridge by 65.2% during the 4th quarter. US Bancorp DE now owns 6,791 shares of the auto parts company's stock worth $43,000 after acquiring an additional 2,679 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Stoneridge in the 4th quarter valued at approximately $74,000. Virtu Financial LLC acquired a new stake in shares of Stoneridge in the 3rd quarter valued at $146,000. Finally, Quantbot Technologies LP acquired a new position in shares of Stoneridge during the fourth quarter worth $98,000. Hedge funds and other institutional investors own 98.07% of the company's stock.
Stoneridge Price Performance
Shares of SRI traded up $0.21 during trading hours on Friday, reaching $4.36. The company had a trading volume of 485,626 shares, compared to its average volume of 267,922. 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, Inc. has a 12-month low of $3.54 and a 12-month high of $18.40. The firm has a 50 day simple moving average of $4.54 and a 200-day simple moving average of $5.66. The company has a market capitalization of $121.40 million, a price-to-earnings ratio of -16.15 and a beta of 1.26.
Stoneridge (NYSE:SRI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The auto parts company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.02). The company had revenue of $217.89 million for the quarter, compared to analyst estimates of $212.42 million. Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. Research analysts expect that Stoneridge, Inc. will post -0.42 earnings per share for the current year.
Analysts Set New Price Targets
A number of research firms have weighed in on SRI. StockNews.com raised shares of Stoneridge from a "hold" rating to a "buy" rating in a report on Saturday, March 29th. Barrington Research restated an "outperform" rating and issued a $16.00 price objective on shares of Stoneridge in a research note on Thursday.
Check Out Our Latest Analysis on SRI
About Stoneridge
(
Free Report)
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.
Featured Articles
Before you consider Stoneridge, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stoneridge wasn't on the list.
While Stoneridge currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
