Stoneridge (NYSE:SRI – Get Free Report) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.
Several other analysts have also commented on the stock. Zacks Research upgraded shares of Stoneridge from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Stoneridge in a research note on Monday, September 21st. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.
View Our Latest Analysis on Stoneridge
Stoneridge Price Performance
SRI stock opened at $4.96 on Friday. The stock’s fifty day moving average is $6.49 and its two-hundred day moving average is $6.88. Stoneridge has a 1 year low of $4.60 and a 1 year high of $9.71. The company has a current ratio of 1.89, a quick ratio of 1.27 and a debt-to-equity ratio of 1.01.
Stoneridge (NYSE:SRI – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The auto parts company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $180.00 million for the quarter, compared to analyst estimates of $178.73 million. Stoneridge had a negative return on equity of 24.91% and a negative net margin of 15.64%. As a group, research analysts forecast that Stoneridge will post -0.82 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CFO Scott Humphrey acquired 6,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were purchased at an average price of $7.01 per share, for a total transaction of $42,060.00. Following the transaction, the chief financial officer directly owned 6,000 shares of the company’s stock, valued at approximately $42,060. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Natalia Noblet purchased 5,000 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was bought at an average price of $7.31 per share, for a total transaction of $36,550.00. Following the completion of the acquisition, the chief executive officer owned 5,000 shares of the company’s stock, valued at approximately $36,550. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 11.00% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Stoneridge
Several hedge funds have recently made changes to their positions in SRI. Sei Investments Co. grew its holdings in Stoneridge by 45.6% during the first quarter. Sei Investments Co. now owns 31,090 shares of the auto parts company’s stock worth $150,000 after acquiring an additional 9,732 shares during the period. Algert Global LLC boosted its position in shares of Stoneridge by 54.2% during the second quarter. Algert Global LLC now owns 39,899 shares of the auto parts company’s stock valued at $292,000 after buying an additional 14,019 shares during the last quarter. Villere ST Denis J & Co. LLC raised its position in Stoneridge by 100.0% during the 1st quarter. Villere ST Denis J & Co. LLC now owns 30,000 shares of the auto parts company’s stock valued at $145,000 after purchasing an additional 15,000 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Stoneridge during the second quarter worth about $120,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Stoneridge in the 1st quarter valued at approximately $90,000. 98.07% of the stock is currently owned by hedge funds and other institutional investors.
Stoneridge Company Profile
Stoneridge, Inc (NYSE: SRI) is a global designer and manufacturer of highly engineered electrical and electronic systems for the automotive, commercial vehicle and off-highway vehicle markets. The company develops technologies intended to improve vehicle safety, efficiency, connectivity and the driver experience.
Its products include electronic instrument clusters and driver-information systems, vehicle controls and switches, sensors, wiring and connectivity solutions, telematics systems, and camera-based vision technologies.
Featured Articles
- Five stocks we like better than Stoneridge
- MarketBeat Week in Review – 11/2 – 11/6
- Q3 Earnings Have Investors Wondering: Is Mercado Libre Finally a Buy?
- CVS Raised Its Outlook and Announced a Breakup—So Why Did the Stock Drop?
- Array and Shoals Are Merging: Who Really Wins the All-Stock Solar Deal?
Receive News & Ratings for Stoneridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stoneridge and related companies with MarketBeat.com's FREE daily email newsletter.
