Dimensional Fund Advisors LP Sells 76,106 Shares of Stoneridge, Inc. (NYSE:SRI)

Dimensional Fund Advisors LP decreased its stake in shares of Stoneridge, Inc. (NYSE:SRI - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,487,297 shares of the auto parts company's stock after selling 76,106 shares during the quarter. Dimensional Fund Advisors LP owned 5.37% of Stoneridge worth $9,325,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SRI. Federated Hermes Inc. bought a new stake in shares of Stoneridge during the 4th quarter worth about $25,000. US Bancorp DE increased its stake in shares of Stoneridge by 65.2% in the fourth quarter. US Bancorp DE now owns 6,791 shares of the auto parts company's stock worth $43,000 after buying an additional 2,679 shares during the period. SG Americas Securities LLC bought a new stake in shares of Stoneridge during the 4th quarter valued at $74,000. Quantbot Technologies LP purchased a new stake in shares of Stoneridge during the 4th quarter valued at about $98,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Stoneridge by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 16,021 shares of the auto parts company's stock valued at $100,000 after purchasing an additional 3,490 shares in the last quarter. 98.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. StockNews.com upgraded Stoneridge from a "hold" rating to a "buy" rating in a research note on Tuesday. Barrington Research reaffirmed an "outperform" rating and set a $16.00 price objective on shares of Stoneridge in a report on Thursday, May 1st.

Stoneridge Trading Down 2.1%

NYSE SRI traded down $0.10 on Thursday, hitting $4.67. 41,451 shares of the company were exchanged, compared to its average volume of 279,133. The company's 50 day moving average price is $4.43 and its 200-day moving average price is $5.43. Stoneridge, Inc. has a twelve month low of $3.54 and a twelve month high of $18.40. The firm has a market capitalization of $130.04 million, a P/E ratio of -17.33 and a beta of 1.22. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.44 and a quick ratio of 1.40.

Stoneridge (NYSE:SRI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The auto parts company reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.02). The firm had revenue of $217.89 million during 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%. Analysts predict that Stoneridge, Inc. will post -0.42 earnings per share for the current fiscal year.

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.