Stoneridge (NYSE:SRI) Receives “Outperform” Rating from Barrington Research

Barrington Research restated their outperform rating on shares of Stoneridge (NYSE:SRI) in a research report released on Monday,Benzinga reports. The firm currently has a $16.00 price target on the auto parts company’s stock.

Separately, Wall Street Zen raised shares of Stoneridge from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th.

Stoneridge Trading Up 6.4%

SRI opened at $7.84 on Monday. Stoneridge has a twelve month low of $3.54 and a twelve month high of $15.71. The company has a quick ratio of 1.52, a current ratio of 2.39 and a debt-to-equity ratio of 0.80. The company has a fifty day moving average of $6.69 and a 200-day moving average of $5.37. The stock has a market cap of $218.34 million, a PE ratio of -12.25 and a beta of 1.44.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its stake 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 acquiring an additional 2,543 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Stoneridge by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 16,021 shares of the auto parts company’s stock valued at $100,000 after buying an additional 3,490 shares in the last quarter. Federated Hermes Inc. bought a new position in shares of Stoneridge in the fourth quarter valued at $25,000. Quantbot Technologies LP lifted its stake in shares of Stoneridge by 27.6% in the first quarter. Quantbot Technologies LP now owns 19,984 shares of the auto parts company’s stock valued at $92,000 after buying an additional 4,318 shares in the last quarter. Finally, Barclays PLC lifted its stake in shares of Stoneridge by 6.7% in the fourth quarter. Barclays PLC now owns 69,387 shares of the auto parts company’s stock valued at $435,000 after buying an additional 4,343 shares in the last quarter. 98.07% of the stock is owned by institutional investors.

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.