Gamco Investors INC. ET AL raised its holdings in shares of Stoneridge, Inc. (NYSE:SRI – Get Rating) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 250,865 shares of the auto parts company’s stock after buying an additional 14,365 shares during the quarter. Gamco Investors INC. ET AL owned about 0.92% of Stoneridge worth $4,952,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in shares of Stoneridge by 90.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,900 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 900 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Stoneridge by 25.4% during the 3rd quarter. Royal Bank of Canada now owns 4,936 shares of the auto parts company’s stock valued at $101,000 after acquiring an additional 1,000 shares during the last quarter. Citigroup Inc. boosted its position in shares of Stoneridge by 20.0% during the 3rd quarter. Citigroup Inc. now owns 7,037 shares of the auto parts company’s stock valued at $143,000 after acquiring an additional 1,175 shares during the last quarter. Isthmus Partners LLC boosted its position in shares of Stoneridge by 3.0% during the 4th quarter. Isthmus Partners LLC now owns 62,048 shares of the auto parts company’s stock valued at $1,225,000 after acquiring an additional 1,830 shares during the last quarter. Finally, Private Capital Management LLC boosted its position in shares of Stoneridge by 0.6% during the 3rd quarter. Private Capital Management LLC now owns 367,563 shares of the auto parts company’s stock valued at $7,495,000 after acquiring an additional 2,315 shares during the last quarter. 99.95% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Jonathan B. Degaynor bought 12,560 shares of the business’s stock in a transaction that occurred on Thursday, March 3rd. The stock was purchased at an average price of $19.37 per share, with a total value of $243,287.20. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 4.40% of the company’s stock.
Stoneridge stock opened at $18.61 on Monday. Stoneridge, Inc. has a one year low of $13.64 and a one year high of $33.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.38 and a current ratio of 2.21. The business has a fifty day moving average of $19.01 and a two-hundred day moving average of $19.42. The company has a market cap of $508.33 million, a P/E ratio of -109.47 and a beta of 1.25.
Stoneridge (NYSE:SRI – Get Rating) last released its earnings results on Wednesday, May 4th. The auto parts company reported ($0.27) EPS for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.10. Stoneridge had a negative return on equity of 8.28% and a negative net margin of 0.56%. The company had revenue of $221.00 million during the quarter, compared to the consensus estimate of $194.78 million. During the same quarter last year, the company earned $0.06 earnings per share. Stoneridge’s quarterly revenue was up 14.0% compared to the same quarter last year. Sell-side analysts predict that Stoneridge, Inc. will post -0.14 EPS for the current year.
Stoneridge Company Profile (Get Rating)
Stoneridge, Inc, together with its subsidiaries, designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. It operates in three segments: Control Devices, Electronics, and Stoneridge Brazil.
- Get a free copy of the StockNews.com research report on Stoneridge (SRI)
- MarketBeat: Week in Review 5/16 – 5/20
- 3 Retailers That Defied First Quarter Headwinds
- Will John Deere’s Earnings Help to Calm the Markets?
- Rapid7: Could Be Profitable in FY 2022 Despite Bear Market
- Lowe’s Companies Has Not Bottomed
Receive News & Ratings for Stoneridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stoneridge and related companies with MarketBeat.com's FREE daily email newsletter.