Stoneridge, Inc. (NYSE:SRI) insider Robert J. Jr. Hartman sold 7,358 shares of Stoneridge stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $16.51, for a total value of $121,480.58. Following the completion of the transaction, the insider now directly owns 37,281 shares of the company’s stock, valued at $615,509.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Stoneridge, Inc. (SRI) opened at 16.61 on Monday. Stoneridge, Inc. has a one year low of $13.42 and a one year high of $20.82. The firm’s 50-day moving average price is $16.19 and its 200 day moving average price is $16.80. The company has a market capitalization of $467.89 million, a PE ratio of 6.15 and a beta of 1.33.

Stoneridge (NYSE:SRI) last released its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.10. The business had revenue of $209.10 million for the quarter, compared to analyst estimates of $202.45 million. Stoneridge had a return on equity of 22.52% and a net margin of 10.12%. Stoneridge’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. Analysts anticipate that Stoneridge, Inc. will post $1.46 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Insider Selling: Stoneridge, Inc. (SRI) Insider Sells $121,480.58 in Stock” was posted by Daily Political and is the property of of Daily Political. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.dailypolitical.com/2017/09/11/insider-selling-stoneridge-inc-sri-insider-sells-121480-58-in-stock.html.

A number of research firms recently issued reports on SRI. BidaskClub cut Stoneridge from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. ValuEngine raised Stoneridge from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Finally, Zacks Investment Research raised Stoneridge from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Stoneridge presently has an average rating of “Hold” and a consensus price target of $18.67.

A number of institutional investors have recently bought and sold shares of SRI. Legal & General Group Plc raised its position in Stoneridge by 12.2% in the first quarter. Legal & General Group Plc now owns 7,077 shares of the auto parts company’s stock valued at $128,000 after purchasing an additional 772 shares during the last quarter. CAPROCK Group Inc. bought a new position in Stoneridge in the second quarter valued at about $157,000. Eqis Capital Management Inc. bought a new position in Stoneridge in the second quarter valued at about $162,000. Hancock Holding Co. bought a new position in Stoneridge in the first quarter valued at about $201,000. Finally, Citadel Advisors LLC bought a new position in Stoneridge in the first quarter valued at about $208,000. Hedge funds and other institutional investors own 87.83% of the company’s stock.

About Stoneridge

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.

Receive News & Ratings for Stoneridge Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stoneridge Inc. and related companies with MarketBeat.com's FREE daily email newsletter.