Stoneridge, Inc. (NYSE:SRI – Get Free Report) CEO Natalia Noblet acquired 5,000 shares of Stoneridge stock in a transaction on Monday, August 10th. The shares were bought at an average cost of $7.31 per share, for a total transaction of $36,550.00. Following the completion of the purchase, the chief executive officer directly owned 5,000 shares of the company’s stock, valued at $36,550. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Stoneridge Trading Up 2.4%
SRI stock opened at $6.93 on Thursday. Stoneridge, Inc. has a twelve month low of $4.60 and a twelve month high of $9.71. The stock has a market capitalization of $197.66 million, a price-to-earnings ratio of -1.63 and a beta of 1.85. The company has a quick ratio of 1.27, a current ratio of 1.89 and a debt-to-equity ratio of 1.01. The firm’s fifty day simple moving average is $7.24 and its two-hundred day simple moving average is $7.03.
Stoneridge (NYSE:SRI – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The auto parts company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.26). The business had revenue of $181.38 million for the quarter, compared to the consensus estimate of $161.85 million. Stoneridge had a negative return on equity of 24.91% and a negative net margin of 15.64%. As a group, analysts anticipate that Stoneridge, Inc. will post -0.74 earnings per share for the current year.
Analyst Ratings Changes
Get Our Latest Stock Analysis on SRI
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of SRI. Ameriprise Financial Inc. increased its stake in shares of Stoneridge by 2.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 93,729 shares of the auto parts company’s stock valued at $714,000 after purchasing an additional 1,815 shares in the last quarter. Jane Street Group LLC boosted its position in Stoneridge by 1.9% during the fourth quarter. Jane Street Group LLC now owns 115,259 shares of the auto parts company’s stock worth $667,000 after purchasing an additional 2,178 shares in the last quarter. State Street Corp grew its holdings in Stoneridge by 2.6% in the fourth quarter. State Street Corp now owns 134,334 shares of the auto parts company’s stock valued at $778,000 after purchasing an additional 3,400 shares during the period. Algert Global LLC grew its holdings in Stoneridge by 19.8% in the third quarter. Algert Global LLC now owns 25,880 shares of the auto parts company’s stock valued at $197,000 after purchasing an additional 4,270 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Stoneridge by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 317,846 shares of the auto parts company’s stock valued at $1,841,000 after buying an additional 4,545 shares in the last quarter. 98.07% of the stock is owned by institutional investors and hedge funds.
Stoneridge Company Profile
Stoneridge, Inc (NYSE: SRI) is a global developer and manufacturer of highly engineered electrical and electronic components for the automotive and commercial vehicle markets. The company’s product offerings span a range of safety, convenience and control systems, delivering tailored solutions that help original equipment manufacturers (OEMs) meet increasingly stringent regulatory and performance requirements.
Among Stoneridge’s core products are rearview and side-view mirror systems, camera-based advanced driver assistance systems (ADAS) and interior and exterior lighting solutions.
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