Stoneridge, Inc. (NYSE:SRI) Shares Acquired by AYAL Capital Advisors Ltd

AYAL Capital Advisors Ltd increased its stake in Stoneridge, Inc. (NYSE:SRI - Free Report) by 264.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 923,494 shares of the auto parts company's stock after purchasing an additional 669,935 shares during the quarter. Stoneridge accounts for 1.5% of AYAL Capital Advisors Ltd's investment portfolio, making the stock its 17th largest position. AYAL Capital Advisors Ltd owned approximately 3.34% of Stoneridge worth $5,790,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SRI. Rhumbline Advisers grew its holdings in Stoneridge by 4.9% during the 4th quarter. Rhumbline Advisers now owns 48,478 shares of the auto parts company's stock valued at $304,000 after buying an additional 2,274 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Stoneridge by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 619,028 shares of the auto parts company's stock worth $3,882,000 after acquiring an additional 2,543 shares during the period. US Bancorp DE grew its stake in shares of Stoneridge by 65.2% during the 4th quarter. US Bancorp DE now owns 6,791 shares of the auto parts company's stock valued at $43,000 after buying an additional 2,679 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Stoneridge by 27.9% in the 4th quarter. Wells Fargo & Company MN now owns 16,021 shares of the auto parts company's stock worth $100,000 after purchasing an additional 3,490 shares during the period. Finally, Federated Hermes Inc. acquired a new position in Stoneridge during the fourth quarter valued at approximately $25,000. Institutional investors and hedge funds own 98.07% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on SRI shares. Barrington Research restated an "outperform" rating and issued a $16.00 price target on shares of Stoneridge in a report on Thursday, May 1st. StockNews.com lowered Stoneridge from a "buy" rating to a "hold" rating in a report on Monday.

Stoneridge Stock Performance

Shares of Stoneridge stock traded up $0.10 on Thursday, reaching $4.49. 504,217 shares of the company were exchanged, compared to its average volume of 271,279. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 2.44. The firm has a market cap of $124.88 million, a price-to-earnings ratio of -16.61 and a beta of 1.22. Stoneridge, Inc. has a 1-year low of $3.54 and a 1-year high of $18.40. The company's 50-day moving average is $4.50 and its two-hundred day moving average is $5.58.

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 analysts' consensus estimates of ($0.17) by ($0.02). The business had revenue of $217.89 million during the quarter, compared to the consensus estimate of $212.42 million. Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. As a group, research analysts expect that Stoneridge, Inc. will post -0.42 earnings per share for the current fiscal 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.