Stoneridge (NYSE:SRI) Receives "Outperform" Rating from Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Stoneridge (NYSE:SRI - Free Report) in a research report report published on Thursday morning,Benzinga reports. They currently have a $16.00 price objective on the auto parts company's stock.

Separately, Wall Street Zen raised shares of Stoneridge from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.

Stoneridge Price Performance

NYSE SRI traded down $0.39 during trading hours on Thursday, hitting $7.27. 260,522 shares of the company's stock traded hands, compared to its average volume of 316,488. Stoneridge has a 52-week low of $3.54 and a 52-week high of $18.40. The company has a market capitalization of $202.47 million, a PE ratio of -11.36 and a beta of 1.42. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.39 and a quick ratio of 1.52. The firm's 50-day moving average is $5.86 and its 200-day moving average is $5.20.

Stoneridge (NYSE:SRI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The auto parts company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.02). Stoneridge had a negative net margin of 1.98% and a negative return on equity of 4.66%. The firm had revenue of $217.89 million during the quarter, compared to analyst estimates of $212.42 million. Equities analysts forecast that Stoneridge will post -0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Stoneridge

A number of large investors have recently modified their holdings of the company. 22NW LP grew its position in shares of Stoneridge by 374.8% in the 1st quarter. 22NW LP now owns 1,627,653 shares of the auto parts company's stock valued at $7,471,000 after buying an additional 1,284,866 shares during the last quarter. Millennium Management LLC grew its position in shares of Stoneridge by 440.8% in the 4th quarter. Millennium Management LLC now owns 926,540 shares of the auto parts company's stock valued at $5,809,000 after buying an additional 755,223 shares during the last quarter. Federated Hermes Inc. grew its position in shares of Stoneridge by 17,284.9% in the 1st quarter. Federated Hermes Inc. now owns 706,347 shares of the auto parts company's stock valued at $3,242,000 after buying an additional 702,284 shares during the last quarter. AYAL Capital Advisors Ltd grew its position in shares of Stoneridge by 264.2% in the 4th quarter. AYAL Capital Advisors Ltd now owns 923,494 shares of the auto parts company's stock valued at $5,790,000 after buying an additional 669,935 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in Stoneridge by 405.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 699,838 shares of the auto parts company's stock worth $4,388,000 after purchasing an additional 561,488 shares during the last quarter. 98.07% of the stock is owned by hedge funds and other institutional investors.

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.