Dimensional Fund Advisors LP raised its stake in Stoneridge, Inc. (NYSE:SRI – Get Rating) by 0.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,429,458 shares of the auto parts company’s stock after buying an additional 10,389 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.23% of Stoneridge worth $30,819,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can acquired a new position in shares of Stoneridge during the third quarter valued at $32,000. Tower Research Capital LLC TRC increased its holdings in shares of Stoneridge by 173.2% during the third quarter. Tower Research Capital LLC TRC now owns 2,205 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 1,398 shares during the period. US Bancorp DE increased its holdings in shares of Stoneridge by 138.3% during the first quarter. US Bancorp DE now owns 2,342 shares of the auto parts company’s stock valued at $48,000 after purchasing an additional 1,359 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of Stoneridge by 54.9% during the second quarter. BNP Paribas Arbitrage SA now owns 7,494 shares of the auto parts company’s stock valued at $129,000 after purchasing an additional 2,655 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Stoneridge by 12.2% during the third quarter. SG Americas Securities LLC now owns 9,644 shares of the auto parts company’s stock valued at $163,000 after purchasing an additional 1,048 shares during the period. 97.54% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
SRI has been the topic of a number of research analyst reports. StockNews.com raised Stoneridge from a “hold” rating to a “buy” rating in a report on Saturday, May 27th. Stephens reissued an “overweight” rating and set a $27.00 price target on shares of Stoneridge in a report on Thursday, March 2nd.
Stoneridge Price Performance
Stoneridge (NYSE:SRI – Get Rating) last released its earnings results on Wednesday, May 3rd. The auto parts company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.05. The firm had revenue of $241.30 million for the quarter, compared to analyst estimates of $224.79 million. Stoneridge had a negative return on equity of 3.91% and a negative net margin of 1.49%. Stoneridge’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.27) earnings per share. As a group, sell-side analysts predict that Stoneridge, Inc. will post -0.13 EPS for the current fiscal year.
About Stoneridge
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.
Further Reading
- Get a free copy of the StockNews.com research report on Stoneridge (SRI)
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