Fiera Capital Corp Decreases Position in Stoneridge, Inc. (NYSE:SRI)

Fiera Capital Corp decreased its holdings in Stoneridge, Inc. (NYSE:SRI) by 6.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 110,730 shares of the auto parts company’s stock after selling 7,741 shares during the quarter. Fiera Capital Corp owned approximately 0.41% of Stoneridge worth $2,288,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Lake Point Wealth Management acquired a new stake in Stoneridge during the second quarter valued at approximately $31,000. Sowell Financial Services LLC bought a new position in Stoneridge during the 1st quarter valued at $54,000. Victory Capital Management Inc. bought a new position in Stoneridge during the 1st quarter valued at $120,000. Royal Bank of Canada boosted its stake in Stoneridge by 45.5% during the 1st quarter. Royal Bank of Canada now owns 4,027 shares of the auto parts company’s stock valued at $129,000 after purchasing an additional 1,260 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Stoneridge during the 1st quarter worth $209,000. Institutional investors and hedge funds own 95.43% of the company’s stock.

In other news, insider Laurent Borne sold 11,080 shares of the firm’s stock in a transaction dated Tuesday, August 17th. The stock was sold at an average price of $24.68, for a total value of $273,454.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 4.90% of the company’s stock.

Separately, Zacks Investment Research lowered Stoneridge from a “hold” rating to a “sell” rating in a report on Thursday, June 17th.

Stoneridge stock traded up $0.48 during mid-day trading on Friday, hitting $20.34. 310,091 shares of the company’s stock were exchanged, compared to its average volume of 121,060. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.40. The stock has a market cap of $552.52 million, a P/E ratio of 18.49 and a beta of 1.40. Stoneridge, Inc. has a 1-year low of $17.07 and a 1-year high of $38.20. The stock has a 50 day moving average of $25.07 and a two-hundred day moving average of $29.62.

Stoneridge (NYSE:SRI) last issued its quarterly earnings results on Wednesday, August 4th. The auto parts company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $191.33 million during the quarter, compared to analyst estimates of $185.91 million. Stoneridge had a net margin of 4.03% and a return on equity of 2.20%. The company’s revenue for the quarter was up 92.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.55) earnings per share. As a group, research analysts predict that Stoneridge, Inc. will post 0.18 EPS for the current fiscal year.

Stoneridge Company Profile

Stoneridge, Inc engages in the production of engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets. It operates through the following segments: Control Devices, Electronics, and Stoneridge Brazil.

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Institutional Ownership by Quarter for Stoneridge (NYSE:SRI)

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