Stoneridge, Inc. (NYSE:SRI) Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP decreased its holdings in shares of Stoneridge, Inc. (NYSE:SRI) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,637,414 shares of the auto parts company’s stock after selling 21,125 shares during the quarter. Cooke & Bieler LP owned about 5.94% of Stoneridge worth $32,044,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Qube Research & Technologies Ltd acquired a new stake in shares of Stoneridge during the third quarter worth $35,000. Tower Research Capital LLC TRC boosted its holdings in Stoneridge by 173.2% in the third quarter. Tower Research Capital LLC TRC now owns 2,205 shares of the auto parts company’s stock valued at $37,000 after acquiring an additional 1,398 shares during the last quarter. US Bancorp DE boosted its holdings in Stoneridge by 138.3% in the first quarter. US Bancorp DE now owns 2,342 shares of the auto parts company’s stock valued at $48,000 after acquiring an additional 1,359 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Stoneridge in the third quarter valued at $59,000. Finally, Royal Bank of Canada boosted its holdings in Stoneridge by 69.6% in the second quarter. Royal Bank of Canada now owns 3,319 shares of the auto parts company’s stock valued at $62,000 after acquiring an additional 1,362 shares during the last quarter. Institutional investors and hedge funds own 98.07% of the company’s stock.

Insider Transactions at Stoneridge

In other news, Director Kim Korth sold 7,745 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $16.49, for a total transaction of $127,715.05. Following the completion of the transaction, the director now directly owns 73,227 shares in the company, valued at $1,207,513.23. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Stoneridge from a “buy” rating to a “hold” rating in a report on Friday, March 1st.

Stoneridge Stock Up 1.7 %

NYSE:SRI traded up $0.26 during mid-day trading on Friday, hitting $15.61. The company had a trading volume of 98,497 shares, compared to its average volume of 96,054. The business has a fifty day simple moving average of $17.34 and a 200-day simple moving average of $17.49. The company has a current ratio of 2.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. Stoneridge, Inc. has a 1 year low of $14.18 and a 1 year high of $24.51. The firm has a market capitalization of $431.93 million, a price-to-earnings ratio of -82.15 and a beta of 1.39.

Stoneridge (NYSE:SRI) last released its quarterly earnings data on Wednesday, February 28th. The auto parts company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. Stoneridge had a negative return on equity of 0.72% and a negative net margin of 0.53%. The company had revenue of $229.50 million for the quarter, compared to analyst estimates of $234.20 million. During the same period last year, the company posted $0.11 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. Equities analysts forecast that Stoneridge, Inc. will post 0.3 earnings per share for the current fiscal year.

Stoneridge Profile

Stoneridge, Inc, together with its subsidiaries, designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates through three segments: Control Devices, Electronics, and Stoneridge Brazil.