Renaissance Technologies LLC Grows Position in Stoneridge, Inc. (NYSE:SRI)

Renaissance Technologies LLC raised its stake in shares of Stoneridge, Inc. (NYSE:SRI - Free Report) by 230.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,100 shares of the auto parts company's stock after buying an additional 171,700 shares during the quarter. Renaissance Technologies LLC owned about 0.89% of Stoneridge worth $1,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in shares of Stoneridge by 296.0% during the third quarter. JPMorgan Chase & Co. now owns 56,696 shares of the auto parts company's stock worth $634,000 after acquiring an additional 42,379 shares during the last quarter. Barclays PLC boosted its holdings in shares of Stoneridge by 51.3% during the 3rd quarter. Barclays PLC now owns 65,044 shares of the auto parts company's stock valued at $727,000 after purchasing an additional 22,052 shares during the last quarter. Jane Street Group LLC grew its position in shares of Stoneridge by 218.3% during the third quarter. Jane Street Group LLC now owns 69,734 shares of the auto parts company's stock valued at $780,000 after purchasing an additional 47,829 shares in the last quarter. Amundi bought a new stake in shares of Stoneridge in the fourth quarter worth about $134,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Stoneridge by 246.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,909 shares of the auto parts company's stock worth $313,000 after buying an additional 35,500 shares in the last quarter. Institutional investors own 98.07% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on SRI shares. Barrington Research restated an "outperform" rating and set a $16.00 price target on shares of Stoneridge in a report on Thursday. StockNews.com raised shares of Stoneridge from a "hold" rating to a "buy" rating in a report on Saturday, March 29th.

Stoneridge Price Performance

Shares of Stoneridge stock traded up $0.11 during trading hours on Friday, reaching $4.26. The company's stock had a trading volume of 176,177 shares, compared to its average volume of 267,429. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.44 and a quick ratio of 1.40. Stoneridge, Inc. has a one year low of $3.54 and a one year high of $18.40. The firm has a 50 day moving average price of $4.53 and a 200-day moving average price of $5.73. The stock has a market cap of $118.48 million, a P/E ratio of -15.91 and a beta of 1.26.

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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.02). The company had revenue of $217.89 million for the quarter, compared to analysts' expectations of $212.42 million. Stoneridge had a negative net margin of 0.81% and a negative return on equity of 0.42%. On average, analysts predict that Stoneridge, Inc. will post -0.42 EPS for the current 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.