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

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.

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

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.