Stoneridge Inc. (SRI) Stock Price Up 1.4%
Stoneridge Inc. (NYSE:SRI) rose 1.4% on Tuesday . The stock traded as high as $16.36 and last traded at $16.06, with a volume of 142,986 shares. The stock had previously closed at $15.84.
SRI has been the subject of several research analyst reports. B. Riley raised shares of Stoneridge to a “buy” rating and set a $17.25 price objective for the company in a report on Tuesday, May 10th. Zacks Investment Research downgraded shares of Stoneridge from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Sidoti downgraded shares of Stoneridge from a “buy” rating to a “neutral” rating and set a $18.00 price objective for the company. in a report on Tuesday, May 31st. Finally, FBR & Co reaffirmed a “hold” rating on shares of Stoneridge in a report on Thursday, April 7th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $17.06.
The firm has a market capitalization of $445.95 million and a P/E ratio of 16.21. The firm’s 50 day moving average price is $15.77 and its 200 day moving average price is $14.03.
Stoneridge (NYSE:SRI) last released its earnings results on Wednesday, May 4th. The company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.08. During the same quarter last year, the business posted $0.17 EPS. The firm earned $162.62 million during the quarter, compared to analyst estimates of $172.80 million. The firm’s revenue was down .1% on a year-over-year basis. On average, analysts anticipate that Stoneridge Inc. will post $1.31 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP boosted its stake in Stoneridge by 16.2% in the fourth quarter. GSA Capital Partners LLP now owns 77,676 shares of the company’s stock valued at $1,150,000 after buying an additional 10,843 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Stoneridge by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,405,842 shares of the company’s stock worth $20,806,000 after buying an additional 19,094 shares in the last quarter. Russell Frank Co bought a new position in shares of Stoneridge during the fourth quarter worth about $1,047,000. EAM Investors LLC bought a new position in shares of Stoneridge during the fourth quarter worth about $1,285,000. Finally, Royce & Associates LLC increased its position in shares of Stoneridge by 41.0% in the fourth quarter. Royce & Associates LLC now owns 300,200 shares of the company’s stock worth $4,443,000 after buying an additional 87,300 shares in the last quarter.
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 in 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.
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