Charles Schwab Investment Management Inc. Has $3.84 Million Stock Position in Stoneridge, Inc. (NYSE:SRI)

Charles Schwab Investment Management Inc. lowered its position in shares of Stoneridge, Inc. (NYSE:SRI) by 16.3% during the third quarter, HoldingsChannel reports. The fund owned 343,198 shares of the auto parts company’s stock after selling 66,656 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Stoneridge were worth $3,840,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. US Bancorp DE bought a new position in shares of Stoneridge in the 3rd quarter worth $46,000. nVerses Capital LLC bought a new position in Stoneridge during the third quarter valued at $59,000. Olympiad Research LP bought a new position in Stoneridge during the third quarter worth about $121,000. XTX Topco Ltd purchased a new position in Stoneridge in the 2nd quarter valued at approximately $176,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Stoneridge by 12.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,336 shares of the auto parts company’s stock valued at $181,000 after purchasing an additional 1,226 shares during the period. Institutional investors own 98.07% of the company’s stock.

Stoneridge Stock Down 1.8 %

Shares of NYSE SRI opened at $6.55 on Friday. The firm’s fifty day moving average is $7.81 and its 200 day moving average is $12.14. Stoneridge, Inc. has a 52 week low of $5.89 and a 52 week high of $19.91. 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 $181.37 million, a price-to-earnings ratio of -24.26 and a beta of 1.34.

Stoneridge (NYSE:SRI) last announced its earnings results on Wednesday, October 30th. The auto parts company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.32). The business had revenue of $213.80 million for the quarter, compared to the consensus estimate of $229.60 million. Stoneridge had a negative net margin of 0.81% and a negative return on equity of 0.42%. Stoneridge’s revenue was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 EPS. On average, equities research analysts expect that Stoneridge, Inc. will post -0.42 earnings per share for the current year.

Analyst Ratings Changes

SRI has been the topic of a number of analyst reports. StockNews.com lowered shares of Stoneridge from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Barrington Research reiterated an “outperform” rating and set a $16.00 price target on shares of Stoneridge in a research report on Thursday, October 31st.

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.