Thompson Siegel & Walmsley LLC cut its holdings in shares of Stoneridge, Inc. (NYSE:SRI) by 17.1% in the 3rd quarter, Holdings Channel reports. The firm owned 90,290 shares of the auto parts company’s stock after selling 18,598 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Stoneridge were worth $2,684,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. USA Financial Portformulas Corp purchased a new stake in shares of Stoneridge in the 3rd quarter valued at approximately $105,000. Canandaigua National Bank & Trust Co. purchased a new stake in shares of Stoneridge in the 2nd quarter valued at approximately $205,000. United Services Automobile Association purchased a new stake in shares of Stoneridge in the 2nd quarter valued at approximately $252,000. First Quadrant L P CA lifted its position in shares of Stoneridge by 47.1% in the 3rd quarter. First Quadrant L P CA now owns 9,286 shares of the auto parts company’s stock valued at $276,000 after acquiring an additional 2,974 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in shares of Stoneridge by 34.9% in the 3rd quarter. Wedge Capital Management L L P NC now owns 9,528 shares of the auto parts company’s stock valued at $283,000 after acquiring an additional 2,466 shares in the last quarter. 91.85% of the stock is owned by institutional investors and hedge funds.

SRI has been the subject of several research analyst reports. ValuEngine upgraded shares of Stoneridge from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Zacks Investment Research downgraded shares of Stoneridge from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Buckingham Research reduced their price target on shares of Stoneridge from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, October 3rd. Stephens set a $35.00 price target on shares of Stoneridge and gave the company a “buy” rating in a research report on Tuesday, October 30th. Finally, Barrington Research restated a “buy” rating on shares of Stoneridge in a research report on Monday, August 6th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Stoneridge has an average rating of “Buy” and a consensus price target of $34.17.

SRI stock opened at $27.16 on Monday. Stoneridge, Inc. has a 12-month low of $20.99 and a 12-month high of $37.69. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.20 and a quick ratio of 1.60. The company has a market capitalization of $773.64 million, a price-to-earnings ratio of 17.30, a P/E/G ratio of 1.58 and a beta of 1.10.

Stoneridge (NYSE:SRI) last released its earnings results on Friday, October 26th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. Stoneridge had a net margin of 7.09% and a return on equity of 21.77%. The company had revenue of $208.90 million during the quarter, compared to the consensus estimate of $204.36 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. On average, research analysts expect that Stoneridge, Inc. will post 2.03 earnings per share for the current fiscal year.

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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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