Russell Investments Group Ltd. Sells 75,791 Shares of Stoneridge, Inc. (NYSE:SRI)

Russell Investments Group Ltd. decreased its position in shares of Stoneridge, Inc. (NYSE:SRI) by 22.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 259,886 shares of the auto parts company’s stock after selling 75,791 shares during the period. Russell Investments Group Ltd. owned about 0.94% of Stoneridge worth $1,629,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SRI. US Bancorp DE grew its stake in Stoneridge by 65.2% in the fourth quarter. US Bancorp DE now owns 6,791 shares of the auto parts company’s stock worth $43,000 after purchasing an additional 2,679 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Stoneridge in the 4th quarter worth about $74,000. Virtu Financial LLC bought a new position in shares of Stoneridge in the 3rd quarter worth about $146,000. XTX Topco Ltd lifted its position in Stoneridge by 25.7% during the 3rd quarter. XTX Topco Ltd now owns 13,873 shares of the auto parts company’s stock valued at $155,000 after acquiring an additional 2,833 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Stoneridge during the fourth quarter worth about $98,000. Institutional investors own 98.07% of the company’s stock.

Stoneridge Stock Performance

Shares of SRI opened at $3.80 on Friday. Stoneridge, Inc. has a 52 week low of $3.54 and a 52 week high of $18.40. The stock has a market cap of $105.67 million, a price-to-earnings ratio of -14.06 and a beta of 1.26. The business has a 50-day simple moving average of $4.60 and a two-hundred day simple moving average of $6.08. The company has a quick ratio of 1.40, a current ratio of 2.44 and a debt-to-equity ratio of 0.72.

Stoneridge (NYSE:SRI) last released its earnings results on Wednesday, February 26th. The auto parts company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.36). Stoneridge had a negative net margin of 0.81% and a negative return on equity of 0.42%. The firm had revenue of $218.20 million for the quarter, compared to analysts’ expectations of $207.61 million. On average, analysts expect that Stoneridge, Inc. will post -0.42 EPS for the current year.

Wall Street Analysts Forecast Growth

SRI has been the subject of a number of analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $16.00 target price on shares of Stoneridge in a research note on Tuesday, March 4th. StockNews.com raised Stoneridge from a “hold” rating to a “buy” rating in a research report on Saturday, March 29th.

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.