Dupont Capital Management Corp acquired a new position in Stoneridge, Inc. (NYSE:SRI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 28,503 shares of the auto parts company’s stock, valued at approximately $703,000.
A number of other hedge funds have also recently made changes to their positions in the stock. First Interstate Bank grew its position in shares of Stoneridge by 31.9% during the 4th quarter. First Interstate Bank now owns 4,868 shares of the auto parts company’s stock worth $120,000 after buying an additional 1,178 shares during the period. Wedge Capital Management L L P NC grew its position in shares of Stoneridge by 34.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 9,528 shares of the auto parts company’s stock worth $283,000 after buying an additional 2,466 shares during the period. Credit Suisse AG grew its position in shares of Stoneridge by 8.6% during the 3rd quarter. Credit Suisse AG now owns 36,495 shares of the auto parts company’s stock worth $1,086,000 after buying an additional 2,890 shares during the period. First Quadrant L P CA grew its position in shares of Stoneridge by 47.1% during the 3rd quarter. First Quadrant L P CA now owns 9,286 shares of the auto parts company’s stock worth $276,000 after buying an additional 2,974 shares during the period. Finally, USA Financial Portformulas Corp acquired a new position in shares of Stoneridge during the 3rd quarter worth about $105,000. Hedge funds and other institutional investors own 95.38% of the company’s stock.
SRI has been the subject of several analyst reports. Stephens set a $35.00 target price on Stoneridge and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Buckingham Research set a $32.00 price objective on Stoneridge and gave the company a “buy” rating in a report on Friday, December 28th. Barrington Research reiterated a “buy” rating and set a $35.00 price objective on shares of Stoneridge in a report on Wednesday, January 23rd. Finally, Zacks Investment Research cut Stoneridge from a “hold” rating to a “sell” rating in a report on Tuesday, December 4th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Stoneridge currently has an average rating of “Buy” and an average target price of $31.20.
Shares of Stoneridge stock opened at $25.80 on Thursday. Stoneridge, Inc. has a 12-month low of $21.68 and a 12-month high of $37.69. The company has a market cap of $719.52 million, a PE ratio of 16.43 and a beta of 1.01. The company has a current ratio of 2.20, a quick ratio of 1.60 and a debt-to-equity ratio of 0.38.
ILLEGAL ACTIVITY WARNING: This piece of content was originally published by Stock Observer and is the sole property of of Stock Observer. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.thestockobserver.com/2019/02/14/28503-shares-in-stoneridge-inc-sri-purchased-by-dupont-capital-management-corp.html.
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.
Further Reading: Understanding Compound Annual Growth Rate (CAGR)
Want to see what other hedge funds are holding SRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stoneridge, Inc. (NYSE:SRI).
Receive News & Ratings for Stoneridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stoneridge and related companies with MarketBeat.com's FREE daily email newsletter.