Stoneridge’s (SRI) Outperform Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of Stoneridge (NYSE:SRI) in a research report sent to investors on Monday,Benzinga reports. Barrington Research currently has a $16.00 target price on the auto parts company’s stock.

Separately, StockNews.com downgraded Stoneridge from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

Stoneridge Trading Up 1.2 %

Shares of SRI stock opened at $4.24 on Monday. The firm has a fifty day moving average of $5.29 and a 200-day moving average of $8.28. The stock has a market cap of $117.40 million, a price-to-earnings ratio of -15.70 and a beta of 1.34. Stoneridge has a 52-week low of $4.11 and a 52-week high of $18.85. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 2.44.

Stoneridge (NYSE:SRI) last posted its quarterly earnings results on Wednesday, February 26th. The auto parts company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.36). Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. On average, equities research analysts forecast that Stoneridge will post -0.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SRI. US Bancorp DE bought a new stake in Stoneridge in the 3rd quarter valued at approximately $46,000. Olympiad Research LP acquired a new stake in shares of Stoneridge in the third quarter valued at approximately $121,000. Royce & Associates LP lifted its position in shares of Stoneridge by 12.3% in the third quarter. Royce & Associates LP now owns 1,357,043 shares of the auto parts company’s stock worth $15,185,000 after purchasing an additional 148,461 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Stoneridge by 0.8% in the third quarter. Thrivent Financial for Lutherans now owns 3,035,643 shares of the auto parts company’s stock worth $33,969,000 after purchasing an additional 24,548 shares in the last quarter. Finally, Quest Partners LLC boosted its holdings in Stoneridge by 95,350.0% during the third quarter. Quest Partners LLC now owns 15,272 shares of the auto parts company’s stock worth $171,000 after purchasing an additional 15,256 shares during the last quarter. 98.07% of the stock is owned by institutional investors and hedge funds.

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.