Stoneridge, Inc. (SRI) Stake Decreased by Squarepoint Ops LLC

Squarepoint Ops LLC decreased its holdings in Stoneridge, Inc. (NYSE:SRI) by 70.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,805 shares of the auto parts company’s stock after selling 27,633 shares during the period. Squarepoint Ops LLC’s holdings in Stoneridge were worth $291,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NumerixS Investment Technologies Inc purchased a new position in Stoneridge in the fourth quarter valued at approximately $26,000. First Interstate Bank raised its holdings in Stoneridge by 31.9% in the fourth quarter. First Interstate Bank now owns 4,868 shares of the auto parts company’s stock valued at $120,000 after buying an additional 1,178 shares during the period. Jefferies Group LLC purchased a new position in Stoneridge in the third quarter valued at approximately $209,000. Alambic Investment Management L.P. raised its holdings in Stoneridge by 29.4% in the fourth quarter. Alambic Investment Management L.P. now owns 10,228 shares of the auto parts company’s stock valued at $252,000 after buying an additional 2,321 shares during the period. Finally, Principal Financial Group Inc. purchased a new position in Stoneridge in the fourth quarter valued at approximately $351,000. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Shares of NYSE:SRI opened at $31.42 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.17 and a quick ratio of 1.64. Stoneridge, Inc. has a 52-week low of $21.91 and a 52-week high of $37.69. The company has a market capitalization of $896.71 million, a price-to-earnings ratio of 15.79 and a beta of 1.09.

Stoneridge (NYSE:SRI) last issued its quarterly earnings data on Wednesday, February 27th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.05. Stoneridge had a net margin of 6.27% and a return on equity of 21.57%. The company had revenue of $210.81 million during the quarter, compared to the consensus estimate of $210.47 million. On average, analysts anticipate that Stoneridge, Inc. will post 1.66 EPS for the current fiscal year.

SRI has been the topic of several research reports. Stephens set a $34.00 price target on shares of Stoneridge and gave the company a “buy” rating in a report on Friday, March 1st. Zacks Investment Research lowered shares of Stoneridge from a “hold” rating to a “sell” rating in a report on Saturday, January 26th. Barrington Research set a $35.00 price target on shares of Stoneridge and gave the company a “buy” rating in a report on Tuesday, February 26th. Finally, Buckingham Research set a $32.00 price target on shares of Stoneridge and gave the company a “buy” rating in a report on Friday, December 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Stoneridge presently has a consensus rating of “Buy” and a consensus target price of $35.00.

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Stoneridge Profile

Stoneridge, Inc designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets. The company operates in three segments: Control Devices, Electronics, and PST. The Control Devices segment offers sensors, switches, valves, and actuators that monitor, measure, or activate specific functions within a vehicle.

Read More: Lock-Up Period Expiration

Institutional Ownership by Quarter for Stoneridge (NYSE:SRI)

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