Stoneridge, Inc. (SRI) Shares Bought by Citadel Advisors LLC

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.

Stoneridge (NYSE:SRI) last posted its quarterly earnings results on Wednesday, November 1st. The auto parts company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The firm had revenue of $203.60 million for the quarter, compared to the consensus estimate of $192.80 million. Stoneridge had a net margin of 9.45% and a return on equity of 20.37%. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period last year, the firm posted $0.36 earnings per share. analysts expect that Stoneridge, Inc. will post 1.49 earnings per share for the current year.

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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Institutional Ownership by Quarter for Stoneridge (NYSE:SRI)

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