Mckinley Capital Management LLC Delaware trimmed its holdings in Stoneridge, Inc. (NYSE:SRI) by 21.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 233,555 shares of the auto parts company’s stock after selling 64,498 shares during the period. Mckinley Capital Management LLC Delaware owned about 0.83% of Stoneridge worth $4,626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Wells Fargo & Company MN grew its stake in Stoneridge by 28.7% in the third quarter. Wells Fargo & Company MN now owns 50,737 shares of the auto parts company’s stock valued at $1,004,000 after acquiring an additional 11,318 shares during the period. Citadel Advisors LLC grew its stake in Stoneridge by 40.2% in the third quarter. Citadel Advisors LLC now owns 62,194 shares of the auto parts company’s stock valued at $1,233,000 after acquiring an additional 17,847 shares during the period. Nordea Investment Management AB boosted its position in shares of Stoneridge by 12.4% during the third quarter. Nordea Investment Management AB now owns 135,822 shares of the auto parts company’s stock worth $2,691,000 after buying an additional 15,008 shares during the period. Systematic Financial Management LP boosted its position in shares of Stoneridge by 6.1% during the third quarter. Systematic Financial Management LP now owns 432,547 shares of the auto parts company’s stock worth $8,569,000 after buying an additional 24,926 shares during the period. Finally, Adirondack Research & Management Inc. boosted its position in shares of Stoneridge by 8.2% during the third quarter. Adirondack Research & Management Inc. now owns 197,594 shares of the auto parts company’s stock worth $3,914,000 after buying an additional 15,000 shares during the period. 86.94% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Robert J. Jr. Hartman sold 7,358 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $16.51, for a total transaction of $121,480.58. Following the completion of the transaction, the insider now directly owns 37,281 shares of the company’s stock, valued at $615,509.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas A. Beaver sold 49,779 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $21.51, for a total value of $1,070,746.29. Following the transaction, the vice president now directly owns 76,529 shares of the company’s stock, valued at $1,646,138.79. The disclosure for this sale can be found here. 5.30% of the stock is owned by corporate insiders.

Stoneridge, Inc. (SRI) traded up $0.09 during mid-day trading on Thursday, hitting $23.14. The stock had a trading volume of 177,500 shares, compared to its average volume of 155,193. The company has a quick ratio of 1.65, a current ratio of 2.24 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $649.35, a PE ratio of 15.37 and a beta of 1.48. Stoneridge, Inc. has a 52 week low of $14.16 and a 52 week high of $23.47.

Stoneridge (NYSE:SRI) last posted its quarterly earnings data on Wednesday, November 1st. The auto parts company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. The company had revenue of $203.60 million during the quarter, compared to analysts’ expectations of $192.80 million. Stoneridge had a return on equity of 20.37% and a net margin of 9.45%. Stoneridge’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 earnings per share. sell-side analysts anticipate that Stoneridge, Inc. will post 1.49 earnings per share for the current fiscal year.

SRI has been the subject of several recent research reports. Zacks Investment Research cut Stoneridge from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. B. Riley reaffirmed a “neutral” rating on shares of Stoneridge in a research report on Friday, November 3rd. KeyCorp reaffirmed a “hold” rating on shares of Stoneridge in a research report on Friday, November 17th. Finally, BidaskClub cut Stoneridge from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $23.50.

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About Stoneridge

Stoneridge, Inc is a designer and manufacturer of engineered electrical and electronic components, modules and systems for the automotive, commercial, motorcycle, off-highway and agricultural vehicle markets. The Company operates through three segments: Control Devices, Electronics and PST. The Company’s Control Devices segment designs and manufactures products that monitor, measure or activate specific functions within a vehicle and includes product lines, such as sensors, switches, valves, and actuators.

Institutional Ownership by Quarter for Stoneridge (NYSE:SRI)

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