28,503 Shares in Stoneridge, Inc. (SRI) Purchased by Dupont Capital Management Corp

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.

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Stoneridge Profile

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)

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Institutional Ownership by Quarter for Stoneridge (NYSE:SRI)

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