Stoneridge, Inc. (NYSE:SRI) Position Lifted by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL grew its stake in shares of Stoneridge, Inc. (NYSE:SRI) by 31.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,537 shares of the auto parts company’s stock after acquiring an additional 15,051 shares during the period. Tudor Investment Corp ET AL owned about 0.23% of Stoneridge worth $398,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Rhumbline Advisers increased its holdings in Stoneridge by 4.9% in the fourth quarter. Rhumbline Advisers now owns 48,478 shares of the auto parts company’s stock valued at $304,000 after buying an additional 2,274 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Stoneridge by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 619,028 shares of the auto parts company’s stock valued at $3,882,000 after acquiring an additional 2,543 shares during the last quarter. US Bancorp DE raised its position in shares of Stoneridge by 65.2% during the 4th quarter. US Bancorp DE now owns 6,791 shares of the auto parts company’s stock valued at $43,000 after acquiring an additional 2,679 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Stoneridge by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 16,021 shares of the auto parts company’s stock worth $100,000 after purchasing an additional 3,490 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new position in Stoneridge in the fourth quarter worth $25,000. Institutional investors and hedge funds own 98.07% of the company’s stock.

Stoneridge Price Performance

Shares of SRI opened at $4.53 on Friday. Stoneridge, Inc. has a 12 month low of $3.54 and a 12 month high of $18.40. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.44 and a quick ratio of 1.40. The stock has a fifty day moving average price of $4.46 and a 200 day moving average price of $5.51. The company has a market cap of $126.14 million, a P/E ratio of -16.78 and a beta of 1.22.

Stoneridge (NYSE:SRI) last released its quarterly earnings results on Wednesday, April 30th. The auto parts company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.02). The firm had revenue of $217.89 million for the quarter, compared to the consensus estimate of $212.42 million. Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. On average, research analysts forecast that Stoneridge, Inc. will post -0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SRI. StockNews.com cut shares of Stoneridge from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Barrington Research reiterated an “outperform” rating and set a $16.00 price objective on shares of Stoneridge in a research note on Thursday, May 1st.

About Stoneridge

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.