PharVision Advisers LLC Makes New $392,000 Investment in Stoneridge, Inc. (NYSE:SRI)

PharVision Advisers LLC purchased a new position in shares of Stoneridge, Inc. (NYSE:SRI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 62,573 shares of the auto parts company's stock, valued at approximately $392,000. PharVision Advisers LLC owned approximately 0.23% of Stoneridge as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in SRI. Federated Hermes Inc. acquired a new stake in shares of Stoneridge during the 4th quarter worth about $25,000. US Bancorp DE boosted its position in Stoneridge by 65.2% during the fourth quarter. US Bancorp DE now owns 6,791 shares of the auto parts company's stock worth $43,000 after acquiring an additional 2,679 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in Stoneridge in the 4th quarter worth approximately $63,000. SG Americas Securities LLC acquired a new position in Stoneridge in the 4th quarter valued at $74,000. Finally, Quantbot Technologies LP acquired a new position in Stoneridge in the 4th quarter valued at $98,000. 98.07% of the stock is owned by institutional investors and hedge funds.

Stoneridge Trading Down 1.5%

SRI traded down $0.07 on Monday, reaching $4.74. 192,307 shares of the company's stock were exchanged, compared to its average volume of 284,252. The company's 50 day moving average is $4.42 and its 200-day moving average is $5.25. The company has a market cap of $131.99 million, a price-to-earnings ratio of -17.56 and a beta of 1.22. Stoneridge, Inc. has a twelve month low of $3.54 and a twelve month high of $18.40. 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 released its quarterly earnings data on Wednesday, April 30th. The auto parts company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts' expectations of $212.42 million. Equities analysts predict that Stoneridge, Inc. will post -0.42 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on SRI. 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 target price on shares of Stoneridge in a report 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.