Stoneridge (NYSE:SRI) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a note issued to investors on Sunday.
SRI has been the topic of a number of other research reports. KeyCorp restated a “hold” rating on shares of Stoneridge in a research note on Friday, November 17th. Zacks Investment Research cut Stoneridge from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, B. Riley restated a “neutral” rating on shares of Stoneridge in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $23.50.
Stoneridge (SRI) traded down $0.53 on Friday, reaching $22.86. The company had a trading volume of 180,842 shares, compared to its average volume of 299,877. Stoneridge has a twelve month low of $14.16 and a twelve month high of $25.33. The company has a current ratio of 2.24, a quick ratio of 1.65 and a debt-to-equity ratio of 0.58. The company has a market cap of $643.99, a PE ratio of 8.73 and a beta of 1.45.
In other Stoneridge news, VP Thomas A. Beaver sold 49,779 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $21.51, for a total transaction of $1,070,746.29. Following the transaction, the vice president now owns 76,529 shares in the company, valued at approximately $1,646,138.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.30% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of SRI. Renaissance Technologies LLC increased its position in Stoneridge by 33.4% during the 2nd quarter. Renaissance Technologies LLC now owns 835,600 shares of the auto parts company’s stock worth $12,877,000 after buying an additional 209,000 shares during the period. Dimensional Fund Advisors LP increased its position in Stoneridge by 13.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,756,176 shares of the auto parts company’s stock worth $27,063,000 after buying an additional 207,761 shares during the period. Kennedy Capital Management Inc. bought a new position in Stoneridge during the 2nd quarter worth $2,732,000. Walthausen & Co. LLC increased its position in Stoneridge by 24.0% during the 2nd quarter. Walthausen & Co. LLC now owns 678,270 shares of the auto parts company’s stock worth $10,452,000 after buying an additional 131,490 shares during the period. Finally, Adirondack Research & Management Inc. increased its position in Stoneridge by 152.1% during the 2nd quarter. Adirondack Research & Management Inc. now owns 182,594 shares of the auto parts company’s stock worth $2,814,000 after buying an additional 110,166 shares during the period. Hedge funds and other institutional investors own 86.98% of the company’s stock.
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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