XTX Topco Ltd Buys 63,079 Shares of Stoneridge, Inc. $SRI

XTX Topco Ltd lifted its stake in shares of Stoneridge, Inc. (NYSE:SRI) by 64.4% in the 2nd quarter, Holdings Channel reports. The fund owned 160,997 shares of the auto parts company’s stock after acquiring an additional 63,079 shares during the quarter. XTX Topco Ltd’s holdings in Stoneridge were worth $1,133,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Stoneridge by 78.2% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 88,937 shares of the auto parts company’s stock worth $408,000 after purchasing an additional 39,028 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Stoneridge in the second quarter valued at about $92,000. Bailard Inc. acquired a new position in shares of Stoneridge during the second quarter worth about $377,000. Acadian Asset Management LLC lifted its stake in Stoneridge by 35.5% in the 1st quarter. Acadian Asset Management LLC now owns 593,617 shares of the auto parts company’s stock valued at $2,720,000 after acquiring an additional 155,673 shares in the last quarter. Finally, 22NW LP boosted its position in Stoneridge by 374.8% during the 1st quarter. 22NW LP now owns 1,627,653 shares of the auto parts company’s stock worth $7,471,000 after acquiring an additional 1,284,866 shares during the last quarter. 98.07% of the stock is currently owned by institutional investors and hedge funds.

Stoneridge Trading Down 0.3%

Shares of Stoneridge stock opened at $5.71 on Friday. The stock has a market cap of $159.98 million, a P/E ratio of -5.29 and a beta of 1.57. The company has a quick ratio of 1.35, a current ratio of 2.14 and a debt-to-equity ratio of 0.63. Stoneridge, Inc. has a 12-month low of $3.54 and a 12-month high of $9.10. The business’s 50 day moving average is $6.69 and its 200-day moving average is $6.95.

Stoneridge (NYSE:SRI) last issued its earnings results on Wednesday, November 5th. The auto parts company reported ($0.18) earnings per share for the quarter. Stoneridge had a negative return on equity of 9.24% and a negative net margin of 3.39%.The firm had revenue of $210.27 million for the quarter, compared to analyst estimates of $203.14 million. Stoneridge has set its FY 2025 guidance at EPS. Equities research analysts predict that Stoneridge, Inc. will post -0.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SRI has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Stoneridge in a report on Tuesday. Barrington Research reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Stoneridge in a research report on Monday, November 3rd. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Stoneridge has an average rating of “Hold” and a consensus target price of $16.00.

Stoneridge 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.