Jane Street Group LLC Has $774,000 Stock Position in Stoneridge, Inc. (NYSE:SRI)

Jane Street Group LLC boosted its stake in Stoneridge, Inc. (NYSE:SRI - Free Report) by 77.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,434 shares of the auto parts company's stock after purchasing an additional 53,700 shares during the quarter. Jane Street Group LLC owned about 0.45% of Stoneridge worth $774,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SRI. Federated Hermes Inc. bought a new stake in Stoneridge during the fourth quarter worth $25,000. US Bancorp DE raised its holdings 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 worth $43,000 after buying an additional 2,679 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Stoneridge during the 4th quarter worth $74,000. Quantbot Technologies LP bought a new stake in shares of Stoneridge during the 4th quarter worth $98,000. Finally, Wells Fargo & Company MN boosted its stake 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 valued at $100,000 after buying an additional 3,490 shares in the last quarter. Institutional investors and hedge funds own 98.07% of the company's stock.

Stoneridge Price Performance

Shares of NYSE:SRI traded up $0.28 during trading on Tuesday, hitting $5.03. 174,901 shares of the company were exchanged, compared to its average volume of 283,815. Stoneridge, Inc. has a 1-year low of $3.54 and a 1-year high of $18.40. The company has a market capitalization of $139.93 million, a P/E ratio of -18.61 and a beta of 1.22. The company has a quick ratio of 1.40, a current ratio of 2.44 and a debt-to-equity ratio of 0.72. The business's 50 day moving average is $4.41 and its 200-day moving average is $5.23.

Stoneridge (NYSE:SRI - Get Free Report) last issued 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 return on equity of 0.42% and a negative net margin of 0.81%. The firm had revenue of $217.89 million for the quarter, compared to the consensus estimate of $212.42 million. Equities analysts forecast that Stoneridge, Inc. will post -0.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SRI shares. Wall Street Zen upgraded Stoneridge from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Barrington Research restated an "outperform" rating and issued a $16.00 price target on shares of Stoneridge in a research note on Thursday, May 1st.

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.