AJOVista LLC Takes $42,000 Position in Stoneridge, Inc. (NYSE:SRI)

AJOVista LLC bought a new stake in shares of Stoneridge, Inc. (NYSE:SRI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,148 shares of the auto parts company’s stock, valued at approximately $42,000.

Several other hedge funds also recently bought and sold shares of SRI. Charles Schwab Investment Management Inc. raised its position in shares of Stoneridge by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 415,585 shares of the auto parts company’s stock valued at $8,341,000 after buying an additional 4,365 shares during the last quarter. Hsbc Holdings PLC bought a new stake in Stoneridge in the 3rd quarter valued at $227,000. Barclays PLC lifted its stake in Stoneridge by 7.0% in the 3rd quarter. Barclays PLC now owns 16,857 shares of the auto parts company’s stock worth $338,000 after purchasing an additional 1,105 shares in the last quarter. Roubaix Capital LLC bought a new position in shares of Stoneridge during the 3rd quarter valued at about $2,529,000. Finally, Vanguard Group Inc. grew its position in shares of Stoneridge by 1.1% during the third quarter. Vanguard Group Inc. now owns 1,416,912 shares of the auto parts company’s stock valued at $28,437,000 after purchasing an additional 15,478 shares in the last quarter. Institutional investors own 98.07% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Stoneridge from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

Insider Buying and Selling at Stoneridge

In other Stoneridge news, Director Kim Korth sold 7,745 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $16.49, for a total value of $127,715.05. Following the transaction, the director now owns 73,227 shares of the company’s stock, valued at approximately $1,207,513.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.30% of the company’s stock.

Stoneridge Stock Up 1.2 %

SRI stock opened at $15.50 on Monday. The firm has a fifty day moving average price of $16.71 and a 200 day moving average price of $17.27. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.39 and a quick ratio of 1.40. Stoneridge, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $24.51.

Stoneridge (NYSE:SRI) last posted its earnings results on Wednesday, May 1st. The auto parts company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.05). The business had revenue of $239.20 million during the quarter, compared to the consensus estimate of $223.20 million. Stoneridge had a positive return on equity of 0.84% and a negative net margin of 0.41%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.25) earnings per share. Sell-side analysts forecast that Stoneridge, Inc. will post 0.3 earnings per share for the current fiscal year.

About Stoneridge

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.