SG Americas Securities LLC purchased a new stake in Stoneridge, Inc. (NYSE:SRI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,090 shares of the auto parts company’s stock, valued at approximately $217,000. SG Americas Securities LLC owned 0.05% of Stoneridge as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of SRI. Legal & General Group Plc increased its position in shares of Stoneridge by 12.2% in the 1st quarter. Legal & General Group Plc now owns 7,077 shares of the auto parts company’s stock valued at $128,000 after buying an additional 772 shares in the last quarter. CAPROCK Group Inc. bought a new stake in shares of Stoneridge in the 2nd quarter valued at $157,000. Eqis Capital Management Inc. bought a new stake in shares of Stoneridge in the 2nd quarter valued at $162,000. Hancock Holding Co. bought a new stake in shares of Stoneridge in the 1st quarter valued at $201,000. Finally, Citadel Advisors LLC bought a new stake in shares of Stoneridge in the 1st quarter valued at $208,000. 87.83% of the stock is currently owned by institutional investors.
In other news, VP Michael D. Sloan sold 30,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $16.30, for a total transaction of $489,000.00. Following the transaction, the vice president now owns 34,223 shares in the company, valued at $557,834.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert J. Jr. Hartman sold 7,358 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $16.51, for a total transaction of $121,480.58. Following the transaction, the insider now owns 37,281 shares in the company, valued at approximately $615,509.31. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by corporate insiders.
Shares of Stoneridge, Inc. (NYSE:SRI) opened at 17.81 on Tuesday. The company has a market cap of $501.69 million, a PE ratio of 6.59 and a beta of 1.33. The company has a 50 day moving average of $16.51 and a 200-day moving average of $16.80. Stoneridge, Inc. has a 52-week low of $13.42 and a 52-week high of $20.82.
Stoneridge (NYSE:SRI) last announced its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.10. Stoneridge had a net margin of 10.12% and a return on equity of 22.52%. The firm had revenue of $209.10 million for the quarter, compared to analyst estimates of $202.45 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. Analysts forecast that Stoneridge, Inc. will post $1.46 EPS for the current fiscal year.
SRI has been the subject of a number of recent analyst reports. ValuEngine cut shares of Stoneridge from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Zacks Investment Research upgraded shares of Stoneridge from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Wednesday, August 2nd. Finally, BidaskClub cut shares of Stoneridge from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $18.67.
Stoneridge Company Profile
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.
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