Peregrine Capital Management LLC raised its position in Stoneridge, Inc. (NYSE:SRI) by 1.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 270,820 shares of the auto parts company’s stock after purchasing an additional 3,904 shares during the period. Peregrine Capital Management LLC’s holdings in Stoneridge were worth $5,595,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of SRI. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Stoneridge by 95.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,296 shares of the auto parts company’s stock valued at $68,000 after purchasing an additional 1,611 shares during the last quarter. First Mercantile Trust Co. grew its holdings in Stoneridge by 177.2% in the first quarter. First Mercantile Trust Co. now owns 8,584 shares of the auto parts company’s stock valued at $144,000 after purchasing an additional 5,487 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in Stoneridge by 12.2% in the first quarter. BNP Paribas Arbitrage SA now owns 9,096 shares of the auto parts company’s stock valued at $152,000 after purchasing an additional 989 shares during the last quarter. Aperio Group LLC grew its holdings in Stoneridge by 36.3% in the first quarter. Aperio Group LLC now owns 10,807 shares of the auto parts company’s stock valued at $181,000 after purchasing an additional 2,877 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Stoneridge by 26.1% during the first quarter. Envestnet Asset Management Inc. now owns 12,775 shares of the auto parts company’s stock valued at $214,000 after acquiring an additional 2,641 shares during the last quarter. 97.09% of the stock is currently owned by institutional investors.
A number of research firms recently commented on SRI. ValuEngine raised Stoneridge from a “hold” rating to a “buy” rating in a research note on Thursday, July 2nd. Zacks Investment Research lowered Stoneridge from a “hold” rating to a “sell” rating in a research note on Tuesday, June 16th. Barrington Research reaffirmed a “hold” rating on shares of Stoneridge in a research note on Monday, July 27th. Finally, B. Riley decreased their price objective on Stoneridge from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $27.67.
NYSE SRI opened at $20.72 on Friday. The business’s 50-day moving average price is $20.14 and its 200 day moving average price is $21.30. Stoneridge, Inc. has a twelve month low of $13.87 and a twelve month high of $33.94. The company has a market capitalization of $559.29 million, a PE ratio of -71.45 and a beta of 1.59. The company has a current ratio of 2.68, a quick ratio of 1.94 and a debt-to-equity ratio of 0.67.
Stoneridge (NYSE:SRI) last released its earnings results on Wednesday, July 29th. The auto parts company reported ($0.55) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.66) by $0.11. Stoneridge had a positive return on equity of 3.09% and a negative net margin of 1.09%. The firm had revenue of $99.55 million for the quarter, compared to the consensus estimate of $96.87 million. During the same period in the prior year, the business posted $0.36 earnings per share. The firm’s revenue for the quarter was down 55.2% compared to the same quarter last year. Equities analysts predict that Stoneridge, Inc. will post -0.67 EPS for the current year.
Stoneridge Company Profile
Stoneridge, Inc designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets. The company operates in three segments: Control Devices, Electronics, and PST. The Control Devices segment offers sensors, switches, valves, and actuators that monitor, measure, or activate specific functions within a vehicle.
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