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D. E. Shaw & Co. Inc. Has $4.39 Million Stock Position in Stoneridge, Inc. (NYSE:SRI)

Stoneridge logo with Computer and Technology background

D. E. Shaw & Co. Inc. raised its position in shares of Stoneridge, Inc. (NYSE:SRI - Free Report) by 405.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 699,838 shares of the auto parts company's stock after acquiring an additional 561,488 shares during the period. D. E. Shaw & Co. Inc. owned approximately 2.53% of Stoneridge worth $4,388,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SRI. Federated Hermes Inc. bought a new stake in shares of Stoneridge during the fourth quarter worth approximately $25,000. US Bancorp DE boosted 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 valued at $43,000 after buying an additional 2,679 shares during the period. SG Americas Securities LLC bought a new stake in shares of Stoneridge in the fourth quarter valued at approximately $74,000. Quantbot Technologies LP bought a new stake in shares of Stoneridge in the fourth quarter valued at approximately $98,000. Finally, Wells Fargo & Company MN boosted its stake 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 buying an additional 3,490 shares during the period. Institutional investors own 98.07% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SRI. Wall Street Zen upgraded Stoneridge from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Barrington Research reiterated an "outperform" rating and issued a $16.00 price target on shares of Stoneridge in a research note on Thursday, May 1st.

View Our Latest Stock Report on SRI

Stoneridge Price Performance

Shares of SRI stock traded down $0.07 during trading on Friday, hitting $4.74. The company had a trading volume of 192,307 shares, compared to its average volume of 283,403. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 2.44. The firm has a market capitalization of $131.99 million, a P/E ratio of -17.56 and a beta of 1.22. The stock's 50-day moving average price is $4.42 and its 200 day moving average price is $5.28. Stoneridge, Inc. has a one year low of $3.54 and a one year high of $18.40.

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 the consensus estimate of ($0.17) by ($0.02). Stoneridge had a negative net margin of 0.81% and a negative return on equity of 0.42%. The firm had revenue of $217.89 million for the quarter, compared to analyst estimates of $212.42 million. Equities analysts expect that Stoneridge, Inc. will post -0.42 EPS for the current fiscal year.

Stoneridge Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Stoneridge (NYSE:SRI)

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