Arrowstreet Capital Limited Partnership Invests $414,000 in Stoneridge, Inc. (NYSE:SRI)

Arrowstreet Capital Limited Partnership bought a new position in Stoneridge, Inc. (NYSE:SRI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 66,043 shares of the auto parts company's stock, valued at approximately $414,000. Arrowstreet Capital Limited Partnership owned about 0.24% of Stoneridge as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the company. State Street Corp boosted its stake in Stoneridge by 1.9% in the third quarter. State Street Corp now owns 628,981 shares of the auto parts company's stock worth $7,038,000 after purchasing an additional 11,929 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Stoneridge by 296.0% during the 3rd 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 last quarter. Barclays PLC raised its stake in shares of Stoneridge by 51.3% in 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of 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 purchasing an additional 7,332 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Stoneridge by 218.3% during the third quarter. Jane Street Group LLC now owns 69,734 shares of the auto parts company's stock valued at $780,000 after purchasing an additional 47,829 shares during the last quarter. Institutional investors and hedge funds own 98.07% of the company's stock.

Stoneridge Trading Up 0.7 %

Shares of NYSE:SRI traded up $0.03 during trading on Friday, hitting $3.80. 172,857 shares of the company's stock were exchanged, compared to its average volume of 265,051. The firm has a 50-day moving average price of $4.60 and a two-hundred day moving average price of $6.11. Stoneridge, Inc. has a 1-year low of $3.54 and a 1-year high of $18.40. The firm has a market cap of $105.67 million, a P/E ratio of -14.06 and a beta of 1.26. 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The auto parts company reported ($0.18) earnings per share 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 during the quarter, compared to analyst estimates of $207.61 million. Equities analysts predict that Stoneridge, Inc. will post -0.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

SRI has been the subject of several research analyst reports. StockNews.com upgraded shares of Stoneridge from a "hold" rating to a "buy" rating in a research report on Saturday, March 29th. Barrington Research restated an "outperform" rating and set a $16.00 target price on shares of Stoneridge in a research report on Tuesday, March 4th.

Stoneridge 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.