Gamco Investors INC. ET AL reduced its stake in Stoneridge, Inc. (NYSE:SRI) by 1.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 446,300 shares of the auto parts company’s stock after selling 8,294 shares during the period. Gamco Investors INC. ET AL’s holdings in Stoneridge were worth $12,318,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SRI. Wells Fargo & Company MN increased its stake in Stoneridge by 28.7% in the third quarter. Wells Fargo & Company MN now owns 50,737 shares of the auto parts company’s stock valued at $1,004,000 after purchasing an additional 11,318 shares during the last quarter. Bank of Montreal Can increased its stake in Stoneridge by 111,050.6% in the fourth quarter. Bank of Montreal Can now owns 98,924 shares of the auto parts company’s stock valued at $2,262,000 after purchasing an additional 98,835 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Stoneridge by 4.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 123,070 shares of the auto parts company’s stock valued at $2,814,000 after purchasing an additional 4,901 shares during the last quarter. Acadian Asset Management LLC increased its stake in Stoneridge by 26.0% in the fourth quarter. Acadian Asset Management LLC now owns 186,200 shares of the auto parts company’s stock valued at $4,258,000 after purchasing an additional 38,469 shares during the last quarter. Finally, First Quadrant L P CA increased its stake in Stoneridge by 58.2% in the fourth quarter. First Quadrant L P CA now owns 19,788 shares of the auto parts company’s stock valued at $452,000 after purchasing an additional 7,281 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Shares of Stoneridge opened at $31.17 on Friday, according to Marketbeat. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.65 and a current ratio of 2.19. The company has a market cap of $888.72 million, a PE ratio of 19.85, a price-to-earnings-growth ratio of 1.74 and a beta of 1.10. Stoneridge, Inc. has a 12-month low of $14.16 and a 12-month high of $32.18.

Stoneridge (NYSE:SRI) last announced its earnings results on Wednesday, May 2nd. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $225.90 million for the quarter, compared to analyst estimates of $213.94 million. Stoneridge had a net margin of 5.89% and a return on equity of 20.81%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. analysts anticipate that Stoneridge, Inc. will post 2.11 earnings per share for the current year.

Several equities analysts have commented on the stock. ValuEngine lowered shares of Stoneridge from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. Barrington Research set a $35.00 price target on shares of Stoneridge and gave the company a “buy” rating in a research note on Tuesday, May 1st. CL King assumed coverage on shares of Stoneridge in a research note on Monday, April 23rd. They issued a “buy” rating and a $34.00 price target on the stock. Stephens upgraded shares of Stoneridge from an “equal” rating to a “weight” rating in a research note on Tuesday, March 20th. Finally, B. Riley raised their target price on shares of Stoneridge from $21.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $30.00.

In other news, insider Jonathan B. Degaynor sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $29.90, for a total transaction of $897,000.00. Following the transaction, the insider now directly owns 79,122 shares in the company, valued at $2,365,747.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Robert J. Jr. Hartman sold 6,393 shares of the firm’s stock in a transaction that occurred on Tuesday, May 8th. The stock was sold at an average price of $27.86, for a total transaction of $178,108.98. Following the transaction, the chief accounting officer now owns 37,281 shares in the company, valued at $1,038,648.66. The disclosure for this sale can be found here. Company insiders own 4.40% of the company’s stock.

About Stoneridge

Stoneridge, Inc designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, motorcycle, off-highway, and agricultural vehicle markets. It operates through three segments: Control Devices, Electronics, and PST. The Control Devices segment provides sensors, switches, valves, and actuators that monitor, measure, or activate specific functions within a vehicle.

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Institutional Ownership by Quarter for Stoneridge (NYSE:SRI)

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