21,398 Shares in Stoneridge, Inc. (NYSE:SRI) Acquired by Amundi

Amundi acquired a new position in Stoneridge, Inc. (NYSE:SRI) in the fourth quarter, Holdings Channel reports. The firm acquired 21,398 shares of the auto parts company’s stock, valued at approximately $134,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Stoneridge by 1.9% in the 3rd quarter. State Street Corp now owns 628,981 shares of the auto parts company’s stock worth $7,038,000 after purchasing an additional 11,929 shares during the period. Raymond James Financial Inc. acquired a new position in Stoneridge in the 4th quarter worth approximately $2,180,000. Disciplined Growth Investors Inc. MN boosted its stake in Stoneridge by 3.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 247,196 shares of the auto parts company’s stock worth $2,766,000 after purchasing an additional 7,267 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Stoneridge by 2.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 178,248 shares of the auto parts company’s stock worth $1,995,000 after purchasing an additional 3,748 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Stoneridge in the 3rd quarter worth approximately $797,000. Institutional investors and hedge funds own 98.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on SRI. Barrington Research reaffirmed an “outperform” rating and issued a $16.00 price objective on shares of Stoneridge in a research note on Tuesday, March 4th. StockNews.com downgraded shares of Stoneridge from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th.

Stoneridge Stock Down 5.2 %

SRI stock opened at $5.04 on Friday. Stoneridge, Inc. has a 12-month low of $4.11 and a 12-month high of $18.57. The company has a quick ratio of 1.40, a current ratio of 2.44 and a debt-to-equity ratio of 0.72. The company has a market cap of $139.44 million, a price-to-earnings ratio of -18.65 and a beta of 1.27. The company has a 50 day moving average of $5.02 and a two-hundred day moving average of $7.26.

Stoneridge (NYSE:SRI) last released its earnings results on Wednesday, February 26th. The auto parts company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.36). Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. The company had revenue of $218.20 million during the quarter, compared to analysts’ expectations of $207.61 million. On average, equities analysts anticipate that Stoneridge, Inc. will post -0.42 earnings per share for the current fiscal year.

Stoneridge Profile

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.