Kennedy Capital Management LLC Purchases 19,691 Shares of Stoneridge, Inc. (NYSE:SRI)

Kennedy Capital Management LLC increased its holdings in Stoneridge, Inc. (NYSE:SRI) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 502,143 shares of the auto parts company’s stock after buying an additional 19,691 shares during the period. Kennedy Capital Management LLC owned 1.81% of Stoneridge worth $3,148,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SRI. Federated Hermes Inc. acquired a new position in Stoneridge during the fourth quarter valued at approximately $25,000. US Bancorp DE raised its position in shares of Stoneridge by 65.2% during the fourth quarter. US Bancorp DE now owns 6,791 shares of the auto parts company’s stock worth $43,000 after acquiring an additional 2,679 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Stoneridge in the 4th quarter worth approximately $74,000. Quantbot Technologies LP acquired a new position in Stoneridge in the fourth quarter valued at $98,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Stoneridge by 27.9% in the 4th quarter. Wells Fargo & Company MN now owns 16,021 shares of the auto parts company’s stock valued at $100,000 after purchasing an additional 3,490 shares during the period. 98.07% of the stock is owned by institutional investors and hedge funds.

Stoneridge Stock Up 0.4 %

SRI stock opened at $3.81 on Monday. The stock has a market cap of $105.95 million, a P/E ratio of -14.09 and a beta of 1.26. The company has a current ratio of 2.44, a quick ratio of 1.40 and a debt-to-equity ratio of 0.72. The stock’s fifty day simple moving average is $4.67 and its two-hundred day simple moving average is $6.29. Stoneridge, Inc. has a 1-year low of $3.54 and a 1-year high of $18.40.

Stoneridge (NYSE:SRI) last released its earnings results on Wednesday, February 26th. The auto parts company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.36). Stoneridge had a negative net margin of 0.81% and a negative return on equity of 0.42%. The company had revenue of $218.20 million for the quarter, compared to the consensus estimate of $207.61 million. Analysts expect that Stoneridge, Inc. will post -0.42 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on SRI shares. Barrington Research reissued an “outperform” rating and set a $16.00 target price on shares of Stoneridge in a research note on Tuesday, March 4th. StockNews.com raised Stoneridge from a “hold” rating to a “buy” rating in a research report on Saturday, March 29th.

Stoneridge Company 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.