Pzena Investment Management LLC lessened its stake in shares of Stoneridge, Inc. (NYSE:SRI) by 30.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 861,904 shares of the company’s stock after selling 386,186 shares during the period. Pzena Investment Management LLC owned 3.06% of Stoneridge worth $17,074,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of Stoneridge by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 112,389 shares of the company’s stock valued at $1,732,000 after acquiring an additional 627 shares during the last quarter. Marshall Wace North America L.P. lifted its holdings in shares of Stoneridge by 34.0% in the 2nd quarter. Marshall Wace North America L.P. now owns 57,523 shares of the company’s stock valued at $863,000 after acquiring an additional 14,606 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Stoneridge by 343.7% in the 2nd quarter. Royce & Associates LP now owns 1,235,737 shares of the company’s stock valued at $19,043,000 after acquiring an additional 957,237 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Stoneridge by 1.5% in the 1st quarter. Morgan Stanley now owns 119,238 shares of the company’s stock valued at $2,163,000 after acquiring an additional 1,725 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Stoneridge by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,548,415 shares of the company’s stock valued at $28,088,000 after acquiring an additional 5,670 shares during the last quarter. 87.64% of the stock is owned by institutional investors and hedge funds.
Stoneridge, Inc. (SRI) traded up C$0.08 during trading on Friday, reaching C$21.58. 120,584 shares of the company were exchanged, compared to its average volume of 164,597. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.24 and a quick ratio of 1.65. Stoneridge, Inc. has a 12 month low of C$14.16 and a 12 month high of C$22.99. The stock has a market cap of $607.93, a price-to-earnings ratio of 14.39 and a beta of 1.48.
Stoneridge (NYSE:SRI) last posted its quarterly earnings data on Wednesday, November 1st. The company reported C$0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.32 by C$0.04. Stoneridge had a net margin of 9.45% and a return on equity of 20.37%. The company had revenue of C$203.60 million for the quarter, compared to analyst estimates of C$192.80 million. During the same period in the prior year, the company posted $0.36 EPS. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. equities analysts predict that Stoneridge, Inc. will post 1.51 EPS for the current year.
SRI has been the subject of a number of analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Stoneridge in a report on Sunday, October 15th. Zacks Investment Research downgraded shares of Stoneridge from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. BidaskClub lowered shares of Stoneridge from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Finally, B. Riley reissued a “neutral” rating on shares of Stoneridge in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of C$23.50.
In related news, VP Michael D. Sloan sold 30,000 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of C$16.30, for a total value of C$489,000.00. Following the sale, the vice president now directly owns 34,223 shares of the company’s stock, valued at approximately C$557,834.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert J. Jr. Hartman sold 7,358 shares of the stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of C$16.51, for a total transaction of C$121,480.58. Following the completion of the sale, the insider now directly owns 37,281 shares in the company, valued at C$615,509.31. The disclosure for this sale can be found here. Corporate insiders own 5.30% of the company’s stock.
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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