Public Employees Retirement System of Ohio Has $247,000 Stake in Stoneridge, Inc. (NYSE:SRI)

Public Employees Retirement System of Ohio grew its holdings in Stoneridge, Inc. (NYSE:SRI) by 119.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,324 shares of the auto parts company’s stock after purchasing an additional 21,388 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.14% of Stoneridge worth $247,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Rhumbline Advisers grew its position in Stoneridge by 4.9% in the 4th quarter. Rhumbline Advisers now owns 48,478 shares of the auto parts company’s stock worth $304,000 after purchasing an additional 2,274 shares during the last quarter. Geode Capital Management LLC grew its position in Stoneridge by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 619,028 shares of the auto parts company’s stock worth $3,882,000 after buying an additional 2,543 shares in the last quarter. US Bancorp DE increased its stake in Stoneridge by 65.2% during the fourth quarter. US Bancorp DE now owns 6,791 shares of the auto parts company’s stock valued at $43,000 after acquiring an additional 2,679 shares during the period. Wells Fargo & Company MN raised its holdings in Stoneridge by 27.9% in the 4th quarter. Wells Fargo & Company MN now owns 16,021 shares of the auto parts company’s stock valued at $100,000 after acquiring an additional 3,490 shares in the last quarter. Finally, Federated Hermes Inc. bought a new stake in shares of Stoneridge in the 4th quarter worth approximately $25,000. 98.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barrington Research reaffirmed an “outperform” rating and set a $16.00 price objective on shares of Stoneridge in a report on Thursday, May 1st. Wall Street Zen raised Stoneridge from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th.

Stoneridge Trading Down 2.4%

Shares of SRI stock opened at $5.29 on Friday. The company has a market capitalization of $147.31 million, a P/E ratio of -19.59 and a beta of 1.22. Stoneridge, Inc. has a 12-month low of $3.54 and a 12-month high of $18.40. The company has a quick ratio of 1.40, a current ratio of 2.44 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $4.41 and a 200 day moving average price of $5.16.

Stoneridge (NYSE:SRI) last posted its earnings results 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 firm had revenue of $217.89 million during the quarter, compared to the consensus estimate of $212.42 million. Stoneridge had a negative net margin of 0.81% and a negative return on equity of 0.42%. Research analysts forecast that Stoneridge, Inc. will post -0.42 earnings per share for the current fiscal 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.