Stoneridge, Inc. (NYSE:SRI) VP Michael D. Sloan sold 30,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $16.30, for a total transaction of $489,000.00. Following the completion of the transaction, the vice president now directly owns 34,223 shares in the company, valued at approximately $557,834.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Stoneridge, Inc. (NYSE:SRI) traded down 2.07% on Thursday, reaching $16.10. 125,747 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $15.80 and a 200-day moving average of $16.85. The stock has a market cap of $453.52 million, a price-to-earnings ratio of 5.96 and a beta of 1.33. Stoneridge, Inc. has a one year low of $13.42 and a one year high of $20.82.
Stoneridge (NYSE:SRI) last posted its earnings results on Wednesday, August 2nd. The auto parts company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.10. Stoneridge had a net margin of 10.12% and a return on equity of 22.52%. The company had revenue of $209.10 million for the quarter, compared to analysts’ expectations of $202.45 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. Stoneridge’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities research analysts forecast that Stoneridge, Inc. will post $1.46 EPS for the current fiscal year.
Several research analysts recently commented on SRI shares. ValuEngine downgraded shares of Stoneridge from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Zacks Investment Research raised shares of Stoneridge from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Wednesday, August 2nd. B. Riley reaffirmed a “buy” rating and issued a $22.00 price target on shares of Stoneridge in a research note on Monday, May 8th. Finally, BidaskClub downgraded shares of Stoneridge from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.67.
Several hedge funds have recently modified their holdings of the company. Capital Fund Management S.A. acquired a new stake in shares of Stoneridge during the first quarter valued at about $278,000. American Century Companies Inc. boosted its stake in shares of Stoneridge by 31.2% in the first quarter. American Century Companies Inc. now owns 514,584 shares of the auto parts company’s stock valued at $9,335,000 after buying an additional 122,385 shares in the last quarter. Algert Global LLC boosted its stake in shares of Stoneridge by 17.1% in the first quarter. Algert Global LLC now owns 82,933 shares of the auto parts company’s stock valued at $1,504,000 after buying an additional 12,081 shares in the last quarter. LSV Asset Management boosted its stake in shares of Stoneridge by 6.0% in the first quarter. LSV Asset Management now owns 699,700 shares of the auto parts company’s stock valued at $12,692,000 after buying an additional 39,800 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in shares of Stoneridge by 7.5% in the first quarter. Wedge Capital Management L L P NC now owns 76,200 shares of the auto parts company’s stock valued at $1,382,000 after buying an additional 5,300 shares in the last quarter. 89.37% of the stock is currently owned by institutional investors and hedge funds.
Stoneridge Company Profile
Stoneridge, Inc is a designer and manufacturer of engineered electrical and electronic components, modules and systems for the automotive, commercial, motorcycle, off-highway and agricultural vehicle markets. The Company operates through three segments: Control Devices, Electronics and PST. The Company’s Control Devices segment designs and manufactures products that monitor, measure or activate specific functions within a vehicle and includes product lines, such as sensors, switches, valves, and actuators.
What are top analysts saying about Stoneridge Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Stoneridge Inc. and related companies.