Cooke & Bieler LP Lowers Position in Stoneridge, Inc. (NYSE:SRI)

Cooke & Bieler LP lowered its holdings in shares of Stoneridge, Inc. (NYSE:SRI - Free Report) by 94.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 77,847 shares of the auto parts company's stock after selling 1,335,147 shares during the period. Cooke & Bieler LP owned about 0.28% of Stoneridge worth $357,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Federated Hermes Inc. purchased a new position in Stoneridge during the fourth quarter worth about $25,000. GAMMA Investing LLC lifted its stake in shares of Stoneridge by 2,684.5% during the 1st quarter. GAMMA Investing LLC now owns 6,293 shares of the auto parts company's stock valued at $29,000 after buying an additional 6,067 shares in the last quarter. US Bancorp DE lifted 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 in the last quarter. CWM LLC lifted its stake in shares of Stoneridge by 580.6% during the 1st quarter. CWM LLC now owns 12,849 shares of the auto parts company's stock valued at $59,000 after buying an additional 10,961 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in shares of Stoneridge during the 4th quarter valued at approximately $63,000. Institutional investors own 98.07% of the company's stock.

Stoneridge Stock Down 3.3%

Shares of SRI stock traded down $0.23 during trading hours on Friday, hitting $6.71. 248,816 shares of the company's stock traded hands, compared to its average volume of 318,176. The stock's fifty day simple moving average is $6.12 and its two-hundred day simple moving average is $5.22. Stoneridge, Inc. has a 12-month low of $3.54 and a 12-month high of $18.40. The stock has a market cap of $186.87 million, a price-to-earnings ratio of -10.48 and a beta of 1.42. The company has a quick ratio of 1.52, a current ratio of 2.39 and a debt-to-equity ratio of 0.80.

Stoneridge (NYSE:SRI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The auto parts company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $212.42 million. On average, analysts expect that Stoneridge, Inc. will post -0.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SRI. Barrington Research reaffirmed an "outperform" rating and set a $16.00 target price on shares of Stoneridge in a report on Thursday, July 10th. Wall Street Zen raised shares of Stoneridge from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th.

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.