Stoneridge, Inc. (SRI) Shares Bought by Teton Advisors Inc.
Teton Advisors Inc. increased its stake in shares of Stoneridge, Inc. (NYSE:SRI) by 5.4% during the second quarter, Holdings Channel reports. The institutional investor owned 293,824 shares of the auto parts company’s stock after buying an additional 15,000 shares during the period. Teton Advisors Inc.’s holdings in Stoneridge were worth $4,528,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Capital Fund Management S.A. bought a new position in Stoneridge during the first quarter valued at approximately $278,000. American Century Companies Inc. raised its stake in Stoneridge by 31.2% in the first quarter. American Century Companies Inc. now owns 514,584 shares of the auto parts company’s stock valued at $9,335,000 after buying an additional 122,385 shares during the last quarter. Algert Global LLC raised its stake in Stoneridge by 17.1% in the first quarter. Algert Global LLC now owns 82,933 shares of the auto parts company’s stock valued at $1,504,000 after buying an additional 12,081 shares during the last quarter. LSV Asset Management raised its stake in Stoneridge by 6.0% in the first quarter. LSV Asset Management now owns 699,700 shares of the auto parts company’s stock valued at $12,692,000 after buying an additional 39,800 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in Stoneridge by 7.5% in the first quarter. Wedge Capital Management L L P NC now owns 76,200 shares of the auto parts company’s stock valued at $1,382,000 after buying an additional 5,300 shares during the last quarter. Institutional investors and hedge funds own 89.37% of the company’s stock.
Shares of Stoneridge, Inc. (NYSE SRI) opened at 16.44 on Thursday. The firm has a market cap of $463.10 million, a price-to-earnings ratio of 6.08 and a beta of 1.33. Stoneridge, Inc. has a 1-year low of $13.42 and a 1-year high of $20.82. The company has a 50 day moving average of $15.80 and a 200 day moving average of $16.85.
Stoneridge (NYSE:SRI) last issued its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.10. Stoneridge had a net margin of 10.12% and a return on equity of 22.52%. The business had revenue of $209.10 million during the quarter, compared to analysts’ expectations of $202.45 million. During the same quarter in the previous year, the company earned $0.41 EPS. The business’s revenue was up 11.9% on a year-over-year basis. On average, equities analysts forecast that Stoneridge, Inc. will post $1.46 earnings per share for the current fiscal year.
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SRI has been the subject of several analyst reports. ValuEngine lowered shares of Stoneridge from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Zacks Investment Research raised shares of Stoneridge from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Wednesday, August 2nd. B. Riley reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Stoneridge in a research note on Monday, May 8th. Finally, BidaskClub lowered shares of Stoneridge from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Stoneridge presently has a consensus rating of “Hold” and an average target price of $18.67.
In other Stoneridge news, VP Michael D. Sloan sold 30,000 shares of Stoneridge stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $16.30, for a total value of $489,000.00. Following the completion of the sale, the vice president now owns 34,223 shares in the company, valued at approximately $557,834.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.30% of the stock is owned by insiders.
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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