Vanguard Group Inc. Raises Stock Holdings in Stoneridge, Inc. (NYSE:SRI)

Vanguard Group Inc. boosted its stake in Stoneridge, Inc. (NYSE:SRI) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,416,912 shares of the auto parts company’s stock after buying an additional 15,478 shares during the period. Vanguard Group Inc. owned approximately 0.05% of Stoneridge worth $28,437,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Qube Research & Technologies Ltd purchased a new stake in Stoneridge in the 3rd quarter valued at about $35,000. Tower Research Capital LLC TRC increased its stake in Stoneridge by 173.2% during the third quarter. Tower Research Capital LLC TRC now owns 2,205 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 1,398 shares during the period. US Bancorp DE increased its stake in Stoneridge by 138.3% during the first quarter. US Bancorp DE now owns 2,342 shares of the auto parts company’s stock worth $48,000 after purchasing an additional 1,359 shares during the period. Lazard Asset Management LLC purchased a new stake in Stoneridge during the third quarter worth about $59,000. Finally, Royal Bank of Canada increased its stake in Stoneridge by 69.6% during the second quarter. Royal Bank of Canada now owns 3,319 shares of the auto parts company’s stock worth $62,000 after purchasing an additional 1,362 shares during the period. 98.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Stoneridge

In other news, Director Kim Korth sold 7,745 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $16.49, for a total transaction of $127,715.05. Following the completion of the transaction, the director now directly owns 73,227 shares of the company’s stock, valued at $1,207,513.23. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Stoneridge from a “buy” rating to a “hold” rating in a research note on Friday, March 1st.

Stoneridge Stock Down 3.6 %

Shares of NYSE:SRI opened at $15.94 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.41 and a quick ratio of 1.36. The firm has a market capitalization of $441.06 million, a PE ratio of -83.21 and a beta of 1.39. The firm’s 50-day moving average is $17.66 and its two-hundred day moving average is $17.66. Stoneridge, Inc. has a 1 year low of $14.18 and a 1 year high of $24.51.

Stoneridge (NYSE:SRI) last issued its quarterly earnings results on Wednesday, February 28th. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $229.50 million for the quarter, compared to analyst estimates of $234.20 million. Stoneridge had a negative net margin of 0.53% and a negative return on equity of 0.72%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. Analysts predict that Stoneridge, Inc. will post 0.3 EPS for the current year.

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.