Stoneridge, Inc. (SRI) Given Hold Rating at KeyCorp
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Stoneridge from a hold rating to a buy rating and set a $17.00 price objective on the stock in a report on Wednesday, August 2nd. BidaskClub lowered Stoneridge from a sell rating to a strong sell rating in a research report on Friday, August 4th. Finally, B. Riley reaffirmed a neutral rating on shares of Stoneridge in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Stoneridge has an average rating of Hold and a consensus price target of $23.50.
Shares of Stoneridge (NYSE SRI) traded down $0.06 during trading hours on Friday, reaching $21.63. The company had a trading volume of 133,041 shares, compared to its average volume of 183,750. The firm has a market capitalization of $607.38, a P/E ratio of 14.50 and a beta of 1.47. Stoneridge has a 1-year low of $14.16 and a 1-year high of $22.99. The company has a quick ratio of 1.65, a current ratio of 2.24 and a debt-to-equity ratio of 0.58.
Stoneridge (NYSE:SRI) last issued its earnings results on Wednesday, November 1st. The auto parts company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.04. The firm had revenue of $203.60 million for the quarter, compared to the consensus estimate of $192.80 million. Stoneridge had a return on equity of 20.37% and a net margin of 9.45%. The company’s revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 EPS. sell-side analysts predict that Stoneridge will post 1.51 EPS for the current fiscal year.
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In related news, insider Robert J. Jr. Hartman sold 7,358 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $16.51, for a total value of $121,480.58. Following the completion of the sale, the insider now directly owns 37,281 shares of the company’s stock, valued at approximately $615,509.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas A. Beaver sold 49,779 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $21.51, for a total value of $1,070,746.29. Following the completion of the sale, the vice president now directly owns 76,529 shares of the company’s stock, valued at $1,646,138.79. The disclosure for this sale can be found here. Company insiders own 5.30% of the company’s stock.
A number of institutional investors have recently modified their holdings of SRI. American International Group Inc. boosted its stake in Stoneridge by 7.0% during the 1st quarter. American International Group Inc. now owns 16,522 shares of the auto parts company’s stock valued at $300,000 after purchasing an additional 1,087 shares during the last quarter. Teachers Advisors LLC boosted its stake in Stoneridge by 26.8% during the 1st quarter. Teachers Advisors LLC now owns 58,615 shares of the auto parts company’s stock valued at $1,063,000 after purchasing an additional 12,403 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in Stoneridge by 24.8% during the 1st quarter. TIAA CREF Investment Management LLC now owns 132,924 shares of the auto parts company’s stock valued at $2,411,000 after purchasing an additional 26,444 shares during the last quarter. Legal & General Group Plc boosted its stake in Stoneridge by 12.2% during the 1st 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. Finally, Vanguard Group Inc. boosted its stake in Stoneridge by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 1,108,924 shares of the auto parts company’s stock valued at $20,116,000 after purchasing an additional 41,013 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.
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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