Stoneridge (NYSE:SRI) CFO Acquires $42,060.00 in Stock

Stoneridge, Inc. (NYSE:SRI) CFO Scott Randall Humphrey purchased 6,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were acquired at an average price of $7.01 per share, for a total transaction of $42,060.00. Following the completion of the transaction, the chief financial officer directly owned 6,000 shares of the company’s stock, valued at $42,060. The trade was a ? increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Stoneridge Stock Down 2.5%

Shares of NYSE SRI opened at $7.10 on Friday. The stock has a market cap of $202.49 million, a PE ratio of -1.67 and a beta of 1.85. The company has a current ratio of 1.89, a quick ratio of 1.27 and a debt-to-equity ratio of 1.01. Stoneridge, Inc. has a 12-month low of $4.60 and a 12-month high of $9.71. The company has a 50-day moving average of $7.23 and a 200 day moving average of $7.05.

Stoneridge (NYSE:SRI) last released its earnings results 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 business had revenue of $181.38 million during the quarter, compared to analysts’ expectations of $161.85 million. Stoneridge had a negative return on equity of 24.91% and a negative net margin of 15.64%. As a group, sell-side analysts predict that Stoneridge, Inc. will post -0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Zacks Research raised Stoneridge from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stoneridge in a research note on Wednesday, June 24th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Stoneridge presently has an average rating of “Reduce” and an average target price of $16.00.

Hedge Funds Weigh In On Stoneridge

Several large investors have recently modified their holdings of SRI. BlackRock Inc. acquired a new position in Stoneridge in the second quarter valued at about $18,734,000. Arrowstreet Capital Limited Partnership boosted its stake in Stoneridge by 285.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 518,105 shares of the auto parts company’s stock worth $3,948,000 after buying an additional 383,805 shares during the period. AQR Capital Management LLC increased its position in shares of Stoneridge by 213.7% during the first quarter. AQR Capital Management LLC now owns 533,470 shares of the auto parts company’s stock valued at $2,449,000 after acquiring an additional 363,407 shares during the last quarter. Man Group plc acquired a new stake in shares of Stoneridge during the second quarter valued at about $2,049,000. Finally, Russell Investments Group Ltd. increased its position in shares of Stoneridge by 50.0% during the fourth quarter. Russell Investments Group Ltd. now owns 575,670 shares of the auto parts company’s stock valued at $3,333,000 after acquiring an additional 191,953 shares during the last quarter. Institutional investors and hedge funds own 98.07% of the company’s stock.

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.