Stoneridge (NYSE:SRI) Now Covered by Analysts at Stephens

Equities researchers at Stephens assumed coverage on shares of Stoneridge (NYSE:SRI) in a research report issued to clients and investors on Monday, Benzinga reports. The firm set an “overweight” rating on the auto parts company’s stock.

Separately, StockNews.com upgraded Stoneridge from a “hold” rating to a “buy” rating in a report on Friday, July 5th.

Stoneridge Stock Performance

Stoneridge stock opened at $14.11 on Monday. The company has a market cap of $390.42 million, a PE ratio of -100.78 and a beta of 1.33. The company has a fifty day moving average price of $15.76 and a two-hundred day moving average price of $16.94. 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 has a 12 month low of $14.08 and a 12 month high of $24.51.

Stoneridge (NYSE:SRI) last posted its quarterly earnings data on Wednesday, May 1st. The auto parts company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.05). The company had revenue of $239.20 million during the quarter, compared to analyst estimates 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 revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.25) EPS.

Insider Buying and Selling at Stoneridge

In other Stoneridge news, CEO James Zizelman purchased 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average cost of $15.72 per share, with a total value of $102,180.00. Following the completion of the purchase, the chief executive officer now directly owns 6,500 shares in the company, valued at approximately $102,180. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Stoneridge by 1.1% in 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 acquiring an additional 15,478 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Stoneridge by 7.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 16,681 shares of the auto parts company’s stock valued at $326,000 after purchasing an additional 1,132 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Stoneridge by 4.4% during the 4th quarter. Russell Investments Group Ltd. now owns 279,041 shares of the auto parts company’s stock worth $5,461,000 after buying an additional 11,716 shares during the period. Los Angeles Capital Management LLC raised its holdings in Stoneridge by 19.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 15,242 shares of the auto parts company’s stock worth $298,000 after purchasing an additional 2,510 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in Stoneridge by 23.3% during the 4th quarter. M&T Bank Corp now owns 87,456 shares of the auto parts company’s stock worth $1,712,000 after purchasing an additional 16,506 shares during the last quarter. Institutional investors and hedge funds own 98.07% of the company’s stock.

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.