Thrivent Financial for Lutherans Reduces Holdings in Stoneridge, Inc. $SRI

Thrivent Financial for Lutherans cut its position in Stoneridge, Inc. (NYSE:SRI) by 73.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,571 shares of the auto parts company’s stock after selling 72,531 shares during the quarter. Thrivent Financial for Lutherans owned 0.09% of Stoneridge worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Strs Ohio acquired a new position in Stoneridge in the 1st quarter worth $39,000. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Stoneridge during the second quarter worth about $70,000. R Squared Ltd acquired a new position in shares of Stoneridge in the second quarter worth about $80,000. Savant Capital LLC acquired a new position in shares of Stoneridge in the second quarter worth about $87,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Stoneridge by 211.0% in the second quarter. Tower Research Capital LLC TRC now owns 13,485 shares of the auto parts company’s stock valued at $95,000 after purchasing an additional 9,149 shares during the last quarter. 98.07% of the stock is owned by institutional investors and hedge funds.

Stoneridge Price Performance

Shares of NYSE:SRI opened at $8.83 on Thursday. The company has a market cap of $247.42 million, a PE ratio of -7.61 and a beta of 1.51. Stoneridge, Inc. has a fifty-two week low of $3.54 and a fifty-two week high of $9.71. The firm has a 50-day simple moving average of $6.67 and a 200 day simple moving average of $6.99. The company has a quick ratio of 1.33, a current ratio of 2.13 and a debt-to-equity ratio of 0.68.

Analysts Set New Price Targets

SRI has been the topic of several analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Stoneridge in a report on Monday, December 29th. Barrington Research reissued an “outperform” rating and set a $16.00 price target on shares of Stoneridge in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $16.00.

Stoneridge Company Profile

Stoneridge, Inc (NYSE: SRI) is a global developer and manufacturer of highly engineered electrical and electronic components for the automotive and commercial vehicle markets. The company’s product offerings span a range of safety, convenience and control systems, delivering tailored solutions that help original equipment manufacturers (OEMs) meet increasingly stringent regulatory and performance requirements.

Among Stoneridge’s core products are rearview and side-view mirror systems, camera-based advanced driver assistance systems (ADAS) and interior and exterior lighting solutions.