Jane Street Group LLC Acquires 53,700 Shares of Stoneridge, Inc. (NYSE:SRI)

Jane Street Group LLC grew its position in Stoneridge, Inc. (NYSE:SRI - Free Report) by 77.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 123,434 shares of the auto parts company's stock after buying an additional 53,700 shares during the period. Jane Street Group LLC owned approximately 0.45% of Stoneridge worth $774,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Federated Hermes Inc. purchased a new position in Stoneridge in the fourth quarter worth about $25,000. US Bancorp DE raised its holdings in 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 last quarter. SG Americas Securities LLC purchased a new position in Stoneridge in the fourth quarter worth about $74,000. Quantbot Technologies LP purchased a new position in Stoneridge in the fourth quarter worth about $98,000. Finally, Wells Fargo & Company MN raised its holdings in Stoneridge by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 16,021 shares of the auto parts company's stock worth $100,000 after buying an additional 3,490 shares during the last quarter. 98.07% of the stock is owned by hedge funds and other institutional investors.

Stoneridge Stock Performance

Shares of SRI stock traded down $0.03 during trading hours on Thursday, reaching $4.85. The company had a trading volume of 163,548 shares, compared to its average volume of 284,404. The business has a fifty day moving average price of $4.39 and a 200-day moving average price of $5.21. Stoneridge, Inc. has a one year low of $3.54 and a one year high of $18.40. The firm has a market cap of $135.03 million, a PE ratio of -17.96 and a beta of 1.22. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 2.44.

Stoneridge (NYSE:SRI - Get Free Report) last announced its quarterly earnings results 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). 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. Sell-side analysts predict that Stoneridge, Inc. will post -0.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SRI. Wall Street Zen raised shares of Stoneridge from a "hold" rating to a "buy" rating in a report 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 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.