Stoneridge, Inc. (NYSE:SRI) Shares Bought by Boston Partners

Boston Partners lifted its holdings in shares of Stoneridge, Inc. (NYSE:SRI) by 128.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,202 shares of the auto parts company’s stock after buying an additional 40,087 shares during the quarter. Boston Partners’ holdings in Stoneridge were worth $446,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC raised its position 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 acquiring an additional 15,256 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Stoneridge during the 3rd quarter worth about $161,000. Dynamic Technology Lab Private Ltd purchased a new position in Stoneridge in the 3rd quarter valued at about $797,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Stoneridge by 27.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,736 shares of the auto parts company’s stock valued at $378,000 after buying an additional 7,332 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in Stoneridge in the 3rd quarter worth about $483,000. Hedge funds and other institutional investors own 98.07% of the company’s stock.

Stoneridge Stock Performance

SRI opened at $5.04 on Monday. Stoneridge, Inc. has a twelve month low of $4.11 and a twelve month high of $18.57. The firm has a market capitalization of $139.44 million, a PE ratio of -18.65 and a beta of 1.27. The company has a current ratio of 2.44, a quick ratio of 1.40 and a debt-to-equity ratio of 0.72. The firm’s 50-day moving average price is $5.02 and its 200 day moving average price is $7.18.

Stoneridge (NYSE:SRI) last issued its earnings results on Wednesday, February 26th. The auto parts company reported ($0.18) earnings per share 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%. The company had revenue of $218.20 million for the quarter, compared to analyst estimates of $207.61 million. As a group, sell-side analysts expect that Stoneridge, Inc. will post -0.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Barrington Research reissued an “outperform” rating and set a $16.00 target price on shares of Stoneridge in a report on Tuesday, March 4th. StockNews.com downgraded Stoneridge from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th.

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.