Quantbot Technologies LP Makes New Investment in Stoneridge, Inc. (NYSE:SRI)

Quantbot Technologies LP purchased a new stake in shares of Stoneridge, Inc. (NYSE:SRI) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 15,666 shares of the auto parts company’s stock, valued at approximately $98,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE boosted its position in shares of Stoneridge by 65.2% in the fourth 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 during the period. Quarry LP bought a new position in Stoneridge in the 3rd quarter valued at $44,000. SG Americas Securities LLC purchased a new position in shares of Stoneridge during the 4th quarter valued at $74,000. Amundi bought a new position in shares of Stoneridge in the fourth quarter worth $134,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Stoneridge in the third quarter worth $139,000. 98.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SRI shares. StockNews.com upgraded Stoneridge from a “hold” rating to a “buy” rating in a research note on Saturday. Barrington Research restated an “outperform” rating and issued a $16.00 price objective on shares of Stoneridge in a research report on Tuesday, March 4th.

Stoneridge Trading Down 0.3 %

NYSE SRI opened at $4.62 on Tuesday. 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 stock’s 50-day simple moving average is $4.93 and its two-hundred day simple moving average is $6.86. Stoneridge, Inc. has a twelve month low of $4.11 and a twelve month high of $18.57. The company has a market capitalization of $127.81 million, a price-to-earnings ratio of -17.09 and a beta of 1.27.

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

Stoneridge Company 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.