Cornerstone Capital Management Holdings LLC. cut its holdings in Stoneridge, Inc. (NYSE:SRI) by 22.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 71,511 shares of the auto parts company’s stock after selling 20,500 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned about 0.25% of Stoneridge worth $1,416,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. NWQ Investment Management Company LLC grew its holdings in shares of Stoneridge by 1.7% during the 3rd quarter. NWQ Investment Management Company LLC now owns 2,037,198 shares of the auto parts company’s stock worth $40,357,000 after purchasing an additional 33,240 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Stoneridge by 4.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,833,777 shares of the auto parts company’s stock worth $36,327,000 after purchasing an additional 77,601 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Stoneridge by 0.8% in the 3rd quarter. Royce & Associates LP now owns 1,246,116 shares of the auto parts company’s stock worth $24,686,000 after purchasing an additional 10,379 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Stoneridge by 4.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,054,612 shares of the auto parts company’s stock worth $16,252,000 after purchasing an additional 42,020 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Stoneridge by 33.4% in the 2nd quarter. Renaissance Technologies LLC now owns 835,600 shares of the auto parts company’s stock worth $12,877,000 after purchasing an additional 209,000 shares in the last quarter. 86.98% of the stock is owned by hedge funds and other institutional investors.
SRI has been the subject of a number of research reports. KeyCorp reiterated a “hold” rating on shares of Stoneridge in a report on Friday, November 17th. Zacks Investment Research cut Stoneridge from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, B. Riley reiterated a “neutral” rating on shares of Stoneridge in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $23.50.
Shares of Stoneridge, Inc. (SRI) opened at $23.82 on Friday. The firm has a market capitalization of $695.27, a PE ratio of 9.09 and a beta of 1.45. Stoneridge, Inc. has a fifty-two week low of $14.16 and a fifty-two week high of $25.33. The company has a current ratio of 2.24, a quick ratio of 1.65 and a debt-to-equity ratio of 0.58.
Stoneridge (NYSE:SRI) last issued its earnings results on Wednesday, November 1st. The auto parts company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. The company had revenue of $203.60 million during the quarter, compared to analysts’ expectations of $192.80 million. Stoneridge had a return on equity of 20.37% and a net margin of 9.45%. Stoneridge’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.36 EPS. equities analysts predict that Stoneridge, Inc. will post 1.49 earnings per share for the current fiscal year.
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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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