JPMorgan Chase & Co. Raises Stock Holdings in Stoneridge, Inc. (NYSE:SRI)

JPMorgan Chase & Co. raised its stake in Stoneridge, Inc. (NYSE:SRI - Free Report) by 380.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 272,460 shares of the auto parts company's stock after acquiring an additional 215,764 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.98% of Stoneridge worth $1,708,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Rhumbline Advisers raised its holdings in shares of Stoneridge by 4.9% in the fourth 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 during the last quarter. US Bancorp DE grew its position 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 purchasing an additional 2,679 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Stoneridge in the fourth quarter valued at $74,000. State Street Corp grew its position in shares of Stoneridge by 1.9% in the third quarter. State Street Corp now owns 628,981 shares of the auto parts company's stock valued at $7,038,000 after purchasing an additional 11,929 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Stoneridge in the third quarter valued at $146,000. 98.07% of the stock is owned by institutional investors and hedge funds.

Stoneridge Trading Down 1.8 %

NYSE:SRI traded down $0.07 on Wednesday, hitting $3.87. 221,987 shares of the stock were exchanged, compared to its average volume of 265,896. The stock has a market cap of $107.76 million, a PE ratio of -14.33 and a beta of 1.26. The company has a current ratio of 2.44, a quick ratio of 1.40 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average of $4.54 and a 200-day moving average of $5.79. Stoneridge, Inc. has a fifty-two week low of $3.54 and a fifty-two week high of $18.40.

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 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%. As a group, equities analysts expect that Stoneridge, Inc. will post -0.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SRI shares. StockNews.com raised Stoneridge from a "hold" rating to a "buy" rating in a research report on Saturday, March 29th. Barrington Research reaffirmed an "outperform" rating and issued a $16.00 price objective on shares of Stoneridge in a research report on Friday, April 25th.

About Stoneridge

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.