Federated Investors Inc. PA increased its position in shares of Stoneridge, Inc. (NYSE:SRI) by 7.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,833 shares of the auto parts company’s stock after acquiring an additional 4,474 shares during the quarter. Federated Investors Inc. PA owned 0.22% of Stoneridge worth $953,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc raised its holdings in shares of Stoneridge by 12.2% during the first quarter. Legal & General Group Plc now owns 7,077 shares of the auto parts company’s stock valued at $128,000 after acquiring an additional 772 shares during the period. CAPROCK Group Inc. acquired a new stake in shares of Stoneridge during the second quarter valued at approximately $157,000. Eqis Capital Management Inc. acquired a new stake in shares of Stoneridge during the second quarter valued at approximately $162,000. Hancock Holding Co. acquired a new stake in shares of Stoneridge during the first quarter valued at approximately $201,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Stoneridge during the first quarter valued at approximately $208,000. Institutional investors and hedge funds own 87.83% of the company’s stock.
In other Stoneridge news, VP Michael D. Sloan sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $16.30, for a total transaction of $489,000.00. Following the sale, the vice president now directly owns 34,223 shares in the company, valued at approximately $557,834.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert J. Jr. Hartman sold 7,358 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $16.51, for a total transaction of $121,480.58. Following the sale, the insider now owns 37,281 shares in the company, valued at $615,509.31. The disclosure for this sale can be found here. Company insiders own 5.30% of the company’s stock.
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Shares of Stoneridge, Inc. (SRI) opened at 18.01 on Friday. The firm has a market cap of $507.32 million, a price-to-earnings ratio of 6.67 and a beta of 1.33. The stock’s 50 day moving average is $16.43 and its 200-day moving average is $16.81. Stoneridge, Inc. has a 12-month low of $13.42 and a 12-month high of $20.82.
Stoneridge (NYSE:SRI) last announced its quarterly earnings results on Wednesday, August 2nd. The auto parts company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. The business had revenue of $209.10 million for the quarter, compared to the consensus estimate of $202.45 million. Stoneridge had a net margin of 10.12% and a return on equity of 22.52%. Stoneridge’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. On average, analysts anticipate that Stoneridge, Inc. will post $1.46 EPS for the current fiscal year.
SRI has been the topic of a number of recent analyst reports. ValuEngine lowered shares of Stoneridge from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Zacks Investment Research upgraded shares of Stoneridge from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Wednesday, August 2nd. Finally, BidaskClub lowered shares of Stoneridge from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $18.67.
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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