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

Dimensional Fund Advisors LP decreased its holdings in shares of Stoneridge, Inc. (NYSE:SRI - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,487,297 shares of the auto parts company's stock after selling 76,106 shares during the period. Dimensional Fund Advisors LP owned approximately 5.37% of Stoneridge worth $9,325,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SRI. Rhumbline Advisers raised its holdings in shares of Stoneridge by 4.9% in the 4th quarter. Rhumbline Advisers now owns 48,478 shares of the auto parts company's stock worth $304,000 after acquiring an additional 2,274 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Stoneridge by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 619,028 shares of the auto parts company's stock valued at $3,882,000 after acquiring an additional 2,543 shares in the last quarter. US Bancorp DE increased its position 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 purchasing an additional 2,679 shares during the last quarter. 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. bought a new stake in shares of Stoneridge in the fourth quarter valued at $25,000. 98.07% of the stock is owned by institutional investors.

Stoneridge Trading Up 1.8 %

NYSE:SRI opened at $4.53 on Friday. The company has a market cap of $126.14 million, a P/E ratio of -16.78 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 has a debt-to-equity ratio of 0.72, a current ratio of 2.44 and a quick ratio of 1.40. The stock's fifty day moving average price is $4.46 and its two-hundred day moving average price is $5.49.

Stoneridge (NYSE:SRI - Get Free Report) last issued its earnings results on Wednesday, April 30th. The auto parts company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.02). Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. The company had revenue of $217.89 million during the quarter, compared to the consensus estimate of $212.42 million. As a group, analysts expect that Stoneridge, Inc. will post -0.42 EPS for the current year.

Wall Street Analysts Forecast Growth

SRI has been the subject of several recent research reports. Barrington Research reissued an "outperform" rating and issued a $16.00 price objective on shares of Stoneridge in a report on Thursday, May 1st. StockNews.com downgraded shares of Stoneridge from a "buy" rating to a "hold" rating in a research note on Monday, May 5th.

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.

Want to see what other hedge funds are holding SRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stoneridge, Inc. (NYSE:SRI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.