Nuveen Asset Management LLC Sells 169,355 Shares of Stoneridge, Inc. (NYSE:SRI)

Nuveen Asset Management LLC reduced its position in Stoneridge, Inc. (NYSE:SRI - Free Report) by 65.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,870 shares of the auto parts company's stock after selling 169,355 shares during the period. Nuveen Asset Management LLC owned approximately 0.33% of Stoneridge worth $570,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new stake in Stoneridge during the 4th quarter valued at approximately $74,000. Rhumbline Advisers grew its position in shares of Stoneridge by 4.9% in the 4th quarter. Rhumbline Advisers now owns 48,478 shares of the auto parts company's stock worth $304,000 after acquiring an additional 2,274 shares in the last quarter. US Bancorp DE increased its holdings in shares of Stoneridge by 65.2% in the 4th quarter. US Bancorp DE now owns 6,791 shares of the auto parts company's stock valued at $43,000 after acquiring an additional 2,679 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Stoneridge during the 4th quarter valued at approximately $2,180,000. Finally, Amundi bought a new position in Stoneridge during the fourth quarter worth $134,000. Hedge funds and other institutional investors own 98.07% of the company's stock.

Stoneridge Stock Performance

Shares of NYSE SRI traded up $0.37 during mid-day trading on Monday, hitting $6.02. The company had a trading volume of 270,461 shares, compared to its average volume of 286,626. Stoneridge, Inc. has a 12 month low of $3.54 and a 12 month high of $18.40. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.44 and a quick ratio of 1.40. The firm has a market cap of $167.49 million, a P/E ratio of -22.28 and a beta of 1.32. The business's 50-day simple moving average is $4.44 and its 200-day simple moving average is $5.14.

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 business had revenue of $217.89 million for the quarter, compared to the consensus estimate of $212.42 million. As a group, analysts predict that Stoneridge, Inc. will post -0.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SRI has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Stoneridge from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Barrington Research reaffirmed an "outperform" rating and set 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.