Citadel Advisors LLC grew its stake in Stoneridge, Inc. (NYSE:SRI) by 40.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,194 shares of the auto parts company’s stock after purchasing an additional 17,847 shares during the quarter. Citadel Advisors LLC owned approximately 0.22% of Stoneridge worth $1,233,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in SRI. Royce & Associates LP grew its position in shares of Stoneridge by 343.7% in the second quarter. Royce & Associates LP now owns 1,235,737 shares of the auto parts company’s stock valued at $19,043,000 after purchasing an additional 957,237 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Stoneridge by 33.4% in the second quarter. Renaissance Technologies LLC now owns 835,600 shares of the auto parts company’s stock worth $12,877,000 after buying an additional 209,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Stoneridge by 13.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,756,176 shares of the auto parts company’s stock worth $27,063,000 after buying an additional 207,761 shares in the last quarter. Kennedy Capital Management Inc. purchased a new position in shares of Stoneridge in the second quarter worth about $2,732,000. Finally, Walthausen & Co. LLC lifted its stake in shares of Stoneridge by 24.0% in the second quarter. Walthausen & Co. LLC now owns 678,270 shares of the auto parts company’s stock worth $10,452,000 after buying an additional 131,490 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.
Stoneridge, Inc. (NYSE:SRI) traded down $0.34 during trading hours on Thursday, hitting $21.26. 142,400 shares of the stock traded hands, compared to its average volume of 155,561. The company has a current ratio of 2.24, a quick ratio of 1.65 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $608.50, a P/E ratio of 14.40 and a beta of 1.45. Stoneridge, Inc. has a 12-month low of $14.16 and a 12-month high of $23.47.
In other news, VP Thomas A. Beaver sold 49,779 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $21.51, for a total value of $1,070,746.29. Following the transaction, the vice president now directly owns 76,529 shares of the company’s stock, valued at $1,646,138.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.30% of the company’s stock.
SRI has been the topic of several research reports. Zacks Investment Research raised shares of Stoneridge from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Thursday, November 9th. KeyCorp reissued a “hold” rating on shares of Stoneridge in a research note on Friday, November 17th. Finally, B. Riley reissued a “neutral” rating on shares of Stoneridge in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Stoneridge currently has an average rating of “Hold” and an average price target of $23.50.
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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.
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