Stoneridge (NYSE:SRI) Director William Lasky Acquires 5,000 Shares

Stoneridge, Inc. (NYSE:SRI) Director William Lasky acquired 5,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was acquired at an average price of $7.46 per share, with a total value of $37,300.00. Following the completion of the transaction, the director directly owned 192,666 shares of the company’s stock, valued at approximately $1,437,288.36. This represents a 2.66% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Stoneridge Price Performance

Shares of Stoneridge stock traded up $0.45 on Friday, reaching $7.86. The company’s stock had a trading volume of 45,109 shares, compared to its average volume of 207,900. The company has a market capitalization of $221.79 million, a P/E ratio of -1.78 and a beta of 1.85. Stoneridge, Inc. has a 52-week low of $4.60 and a 52-week high of $9.71. The stock has a 50-day moving average price of $6.72 and a 200-day moving average price of $6.60. The company has a quick ratio of 1.37, a current ratio of 2.02 and a debt-to-equity ratio of 1.00.

Stoneridge (NYSE:SRI) last posted its quarterly earnings data on Thursday, May 7th. The auto parts company reported ($0.75) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.76). Stoneridge had a negative return on equity of 22.50% and a negative net margin of 15.24%.The firm had revenue of $160.85 million during the quarter, compared to analyst estimates of $139.00 million. Analysts expect that Stoneridge, Inc. will post -0.74 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its holdings in Stoneridge by 2.0% in the third quarter. Ameriprise Financial Inc. now owns 93,729 shares of the auto parts company’s stock valued at $714,000 after acquiring an additional 1,815 shares during the last quarter. Jane Street Group LLC lifted its holdings in Stoneridge by 1.9% in the fourth quarter. Jane Street Group LLC now owns 115,259 shares of the auto parts company’s stock valued at $667,000 after acquiring an additional 2,178 shares during the last quarter. State Street Corp lifted its holdings in Stoneridge by 2.6% in the fourth quarter. State Street Corp now owns 134,334 shares of the auto parts company’s stock valued at $778,000 after acquiring an additional 3,400 shares during the last quarter. Algert Global LLC lifted its holdings in Stoneridge by 19.8% in the third quarter. Algert Global LLC now owns 25,880 shares of the auto parts company’s stock valued at $197,000 after acquiring an additional 4,270 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Stoneridge by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 317,846 shares of the auto parts company’s stock valued at $1,841,000 after acquiring an additional 4,545 shares during the last quarter. 98.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SRI shares. Wall Street Zen cut Stoneridge from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Barrington Research cut Stoneridge from an “outperform” rating to a “market perform” rating in a report on Monday, March 16th. Zacks Research cut Stoneridge from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Stoneridge in a report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Sell” and a consensus price target of $16.00.

Stoneridge Company Profile

Stoneridge, Inc (NYSE: SRI) is a global developer and manufacturer of highly engineered electrical and electronic components for the automotive and commercial vehicle markets. The company’s product offerings span a range of safety, convenience and control systems, delivering tailored solutions that help original equipment manufacturers (OEMs) meet increasingly stringent regulatory and performance requirements.

Among Stoneridge’s core products are rearview and side-view mirror systems, camera-based advanced driver assistance systems (ADAS) and interior and exterior lighting solutions.