Bank of Montreal Can bought a new position in shares of Stoneridge, Inc. (NYSE:SRI – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,722 shares of the auto parts company’s stock, valued at approximately $433,000. Bank of Montreal Can owned approximately 0.08% of Stoneridge as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Thrivent Financial for Lutherans increased its position in Stoneridge by 49.4% during the 1st quarter. Thrivent Financial for Lutherans now owns 2,049,715 shares of the auto parts company’s stock worth $38,330,000 after purchasing an additional 677,632 shares in the last quarter. BlackRock Inc. increased its position in Stoneridge by 6.4% during the 1st quarter. BlackRock Inc. now owns 2,046,983 shares of the auto parts company’s stock worth $38,279,000 after purchasing an additional 122,481 shares in the last quarter. Cooke & Bieler LP increased its position in Stoneridge by 3.1% during the 2nd quarter. Cooke & Bieler LP now owns 1,646,009 shares of the auto parts company’s stock worth $31,027,000 after purchasing an additional 48,860 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Stoneridge by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,458,791 shares of the auto parts company’s stock worth $27,279,000 after purchasing an additional 29,333 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Stoneridge by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,383,494 shares of the auto parts company’s stock worth $23,451,000 after purchasing an additional 12,038 shares in the last quarter. Institutional investors and hedge funds own 98.07% of the company’s stock.
In other Stoneridge news, insider Rajaey Kased bought 2,525 shares of Stoneridge stock in a transaction dated Wednesday, August 30th. The stock was bought at an average cost of $20.12 per share, for a total transaction of $50,803.00. Following the purchase, the insider now owns 4,333 shares in the company, valued at approximately $87,179.96. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 4.40% of the company’s stock.
Analyst Ratings Changes
Stoneridge Stock Up 2.1 %
Shares of NYSE:SRI opened at $16.60 on Friday. Stoneridge, Inc. has a 52-week low of $14.18 and a 52-week high of $25.05. The company has a 50 day moving average of $17.86 and a two-hundred day moving average of $18.56. The company has a market capitalization of $457.33 million, a price-to-earnings ratio of -56.07 and a beta of 1.39.
Stoneridge (NYSE:SRI – Get Free Report) last released its earnings results on Wednesday, November 1st. The auto parts company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.02 by $0.08. The company had revenue of $238.16 million during the quarter, compared to analysts’ expectations of $237.70 million. Stoneridge had a negative return on equity of 0.80% and a negative net margin of 0.81%. The business’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 EPS. On average, equities analysts anticipate that Stoneridge, Inc. will post -0.2 earnings per share for the current year.
Stoneridge, Inc, together with its subsidiaries, designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates in three segments: Control Devices, Electronics, and Stoneridge Brazil.
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