XTX Topco Ltd Purchases 75,719 Shares of Stoneridge, Inc. (NYSE:SRI)

XTX Topco Ltd raised its stake in Stoneridge, Inc. (NYSE:SRI - Free Report) by 545.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,592 shares of the auto parts company's stock after purchasing an additional 75,719 shares during the period. XTX Topco Ltd owned 0.32% of Stoneridge worth $562,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Federated Hermes Inc. bought a new stake in Stoneridge during the 4th quarter valued at $25,000. US Bancorp DE raised 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 worth $43,000 after acquiring an additional 2,679 shares during the last quarter. SG Americas Securities LLC bought a new position in Stoneridge in the 4th quarter valued at about $74,000. Quantbot Technologies LP acquired a new position in Stoneridge during the 4th quarter valued at about $98,000. Finally, Wells Fargo & Company MN boosted its stake in Stoneridge by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 16,021 shares of the auto parts company's stock valued at $100,000 after purchasing an additional 3,490 shares during the last quarter. 98.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Barrington Research restated an "outperform" rating and issued a $16.00 target price on shares of Stoneridge in a report on Friday. StockNews.com raised Stoneridge from a "hold" rating to a "buy" rating in a research report on Saturday, March 29th.

Stoneridge Stock Performance

Stoneridge stock traded up $0.05 during mid-day trading on Friday, reaching $3.96. The company's stock had a trading volume of 47,632 shares, compared to its average volume of 264,699. The company has a market capitalization of $110.13 million, a P/E ratio of -14.65 and a beta of 1.26. The firm's fifty day moving average price is $4.57 and its two-hundred day moving average price is $5.94. 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 quick ratio of 1.40 and a current ratio of 2.44.

Stoneridge (NYSE:SRI - Get Free Report) last issued its earnings results on Wednesday, February 26th. The auto parts company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.36). Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. The company had revenue of $218.20 million during the quarter, compared to the consensus estimate of $207.61 million. Sell-side analysts predict that Stoneridge, Inc. will post -0.42 EPS for the current fiscal year.

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.