Stoneridge (NYSE:SRI) CEO Natalia Noblet Acquires 5,000 Shares

Stoneridge, Inc. (NYSE:SRI) CEO Natalia Noblet acquired 5,000 shares of the business’s stock in a transaction on Monday, August 10th. The shares were bought at an average cost of $7.31 per share, with a total value of $36,550.00. Following the completion of the acquisition, the chief executive officer owned 5,000 shares in the company, valued at approximately $36,550. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Stoneridge Stock Performance

SRI opened at $6.80 on Wednesday. The company has a fifty day moving average of $7.25 and a 200 day moving average of $7.02. Stoneridge, Inc. has a fifty-two week low of $4.60 and a fifty-two week high of $9.71. The stock has a market capitalization of $194.02 million, a price-to-earnings ratio of -1.60 and a beta of 1.85. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.27 and a current ratio of 1.89.

Stoneridge (NYSE:SRI) last issued its quarterly earnings data on Wednesday, August 5th. The auto parts company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.26). The firm had revenue of $181.38 million for the quarter, compared to analysts’ expectations of $161.85 million. Stoneridge had a negative net margin of 15.64% and a negative return on equity of 24.91%. As a group, sell-side analysts forecast that Stoneridge, Inc. will post -0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stoneridge

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SRI. Deutsche Bank AG purchased a new position in shares of Stoneridge in the second quarter worth $201,000. Empowered Funds LLC lifted its holdings in shares of Stoneridge by 174.2% in the 1st quarter. Empowered Funds LLC now owns 61,880 shares of the auto parts company’s stock valued at $299,000 after buying an additional 39,315 shares during the period. Sei Investments Co. boosted its position in Stoneridge by 45.6% in the 1st quarter. Sei Investments Co. now owns 31,090 shares of the auto parts company’s stock worth $150,000 after purchasing an additional 9,732 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Stoneridge during the first quarter worth $90,000. Finally, Villere ST Denis J & Co. LLC boosted its stake in shares of Stoneridge by 100.0% during the 1st quarter. Villere ST Denis J & Co. LLC now owns 30,000 shares of the auto parts company’s stock worth $145,000 after acquiring an additional 15,000 shares in the last quarter. 98.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SRI has been the subject of a number of recent research reports. Zacks Research upgraded Stoneridge from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stoneridge in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Stoneridge has an average rating of “Reduce” and an average target price 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.