Stoneridge (NYSE:SRI) CFO Scott Randall Humphrey Buys 6,000 Shares

Key Points

• Stoneridge CFO Scott Randall Humphrey purchased 6,000 shares at an average price of $7.01, representing a $42,060 investment and bringing his direct ownership to 6,000 shares.
• Stoneridge shares rose 0.8% to $7.12, while the company’s latest quarterly results showed a loss of $0.18 per share—well below expectations—despite revenue of $181.38 million exceeding estimates.
• Analyst sentiment remains cautious, with an average rating of “Reduce” and two Hold ratings versus one Sell; institutional investors own 98.07% of the company’s stock.

Stoneridge, Inc. (NYSE:SRI - Get Free Report) CFO Scott Randall Humphrey purchased 6,000 shares of Stoneridge stock in a transaction dated Tuesday, August 18th. The stock was bought at an average cost of $7.01 per share, for a total transaction of $42,060.00. Following the completion of the purchase, the chief financial officer directly owned 6,000 shares in the company, valued at approximately $42,060. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Stoneridge Trading Up 0.8%

Shares of NYSE:SRI traded up $0.06 during mid-day trading on Tuesday, reaching $7.12. 75,860 shares of the company were exchanged, compared to its average volume of 221,146. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.89 and a quick ratio of 1.27. The firm has a market cap of $202.92 million, a price-to-earnings ratio of -1.67 and a beta of 1.85. The firm's 50-day simple moving average is $7.23 and its 200 day simple moving average is $7.04. Stoneridge, Inc. has a 1 year low of $4.60 and a 1 year high of $9.71.

Stoneridge (NYSE:SRI - Get Free Report) last posted its earnings results on Wednesday, August 5th. The auto parts company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.26). Stoneridge had a negative net margin of 15.64% and a negative return on equity of 24.91%. The company had revenue of $181.38 million during the quarter, compared to analyst estimates of $161.85 million. Equities research analysts forecast that Stoneridge, Inc. will post -0.74 EPS for the current year.

Institutional Trading of Stoneridge

A number of large investors have recently modified their holdings of SRI. Ameriprise Financial Inc. raised its stake in shares of Stoneridge by 2.0% in the third quarter. Ameriprise Financial Inc. now owns 93,729 shares of the auto parts company's stock valued at $714,000 after acquiring an additional 1,815 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Stoneridge by 1.9% in the 4th quarter. Jane Street Group LLC now owns 115,259 shares of the auto parts company's stock valued at $667,000 after buying an additional 2,178 shares during the period. State Street Corp boosted its stake in shares of Stoneridge by 2.6% in the 4th quarter. State Street Corp now owns 134,334 shares of the auto parts company's stock valued at $778,000 after buying an additional 3,400 shares during the period. Algert Global LLC grew its position in shares of Stoneridge by 19.8% during the third quarter. Algert Global LLC now owns 25,880 shares of the auto parts company's stock worth $197,000 after buying an additional 4,270 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Stoneridge by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 317,846 shares of the auto parts company's stock worth $1,841,000 after buying an additional 4,545 shares in the last quarter. Hedge funds and other institutional investors own 98.07% of the company's stock.

Wall Street Analysts Forecast Growth

SRI has been the subject of a number of research analyst reports. Weiss Ratings restated a "sell (d-)" rating on shares of Stoneridge in a report on Wednesday, June 24th. Zacks Research upgraded shares of Stoneridge from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Stoneridge presently has an average rating of "Reduce" and an average price target of $16.00.

Stoneridge Company Profile

Stoneridge, Inc NYSE: SRI is a global developer and manufacturer of highly engineered electrical and electronic components for the automotive and commercial vehicle markets. The company's product offerings span a range of safety, convenience and control systems, delivering tailored solutions that help original equipment manufacturers (OEMs) meet increasingly stringent regulatory and performance requirements.

Among Stoneridge's core products are rearview and side-view mirror systems, camera-based advanced driver assistance systems (ADAS) and interior and exterior lighting solutions.

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