Stoneridge's (SRI) "Outperform" Rating Reiterated at Barrington Research

Barrington Research reissued their outperform rating on shares of Stoneridge (NYSE:SRI - Free Report) in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a $16.00 price target on the auto parts company's stock.

Separately, StockNews.com raised Stoneridge from a "hold" rating to a "buy" rating in a research note on Saturday, March 29th.

Stoneridge Stock Down 3.0 %

SRI stock traded down $0.12 during mid-day trading on Friday, hitting $3.82. The stock had a trading volume of 47,100 shares, compared to its average volume of 264,608. Stoneridge has a 1-year low of $3.54 and a 1-year high of $18.40. The company has a fifty day moving average of $4.54 and a 200 day moving average of $5.79. The company has a current ratio of 2.44, a quick ratio of 1.40 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $106.37 million, a price-to-earnings ratio of -14.15 and a beta of 1.26.

Stoneridge (NYSE:SRI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The auto parts company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.36). The firm had revenue of $218.20 million during the quarter, compared to the consensus estimate of $207.61 million. Stoneridge had a negative net margin of 0.81% and a negative return on equity of 0.42%. On average, equities analysts expect 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 added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its position in Stoneridge by 18.4% during the first quarter. Assenagon Asset Management S.A. now owns 69,092 shares of the auto parts company's stock worth $317,000 after purchasing an additional 10,724 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Stoneridge by 2,684.5% during the first quarter. GAMMA Investing LLC now owns 6,293 shares of the auto parts company's stock worth $29,000 after buying an additional 6,067 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Stoneridge by 119.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 39,324 shares of the auto parts company's stock worth $247,000 after buying an additional 21,388 shares during the last quarter. PharVision Advisers LLC acquired a new position in shares of Stoneridge during the fourth quarter worth approximately $392,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of Stoneridge by 244.5% during the fourth quarter. Squarepoint Ops LLC now owns 44,071 shares of the auto parts company's stock worth $276,000 after buying an additional 31,278 shares during the last quarter. Institutional investors own 98.07% of the company's stock.

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.