Stoneridge, Inc. (NYSE:SRI – Get Free Report) CFO Scott Randall Humphrey acquired 6,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was purchased at an average cost of $7.01 per share, for a total transaction of $42,060.00. Following the completion of the transaction, the chief financial officer owned 6,000 shares in the company, valued at approximately $42,060. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Stoneridge Stock Up 0.8%
Shares of SRI traded up $0.06 during midday trading on Tuesday, reaching $7.12. The stock had a trading volume of 75,860 shares, compared to its average volume of 221,146. Stoneridge, Inc. has a 1-year low of $4.60 and a 1-year high of $9.71. The company’s fifty day simple moving average is $7.23 and its two-hundred day simple moving average is $7.04. The company has a market cap of $202.92 million, a price-to-earnings ratio of -1.67 and a beta of 1.85. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.89 and a quick ratio of 1.27.
Stoneridge (NYSE:SRI – Get Free Report) last issued its earnings results on Wednesday, August 5th. The auto parts company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.26). The firm had revenue of $181.38 million for the quarter, compared to analyst estimates of $161.85 million. Stoneridge had a negative return on equity of 24.91% and a negative net margin of 15.64%. Equities research analysts expect that Stoneridge, Inc. will post -0.74 earnings per share for the current year.
Analyst Upgrades and Downgrades
Institutional Trading of Stoneridge
Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Stoneridge during the second quarter worth approximately $18,734,000. 22NW LP grew its position in shares of Stoneridge by 4.1% during the fourth quarter. 22NW LP now owns 2,192,764 shares of the auto parts company’s stock worth $12,696,000 after acquiring an additional 87,164 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Stoneridge by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,514,480 shares of the auto parts company’s stock valued at $11,540,000 after acquiring an additional 51,263 shares during the period. Federated Hermes Inc. raised its position in Stoneridge by 4.4% in the 4th quarter. Federated Hermes Inc. now owns 1,110,619 shares of the auto parts company’s stock valued at $6,430,000 after purchasing an additional 47,135 shares during the last quarter. Finally, AYAL Capital Advisors Ltd raised its position in Stoneridge by 2.1% in the 4th quarter. AYAL Capital Advisors Ltd now owns 1,089,000 shares of the auto parts company’s stock valued at $6,305,000 after purchasing an additional 22,330 shares during 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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