SRI has been the topic of a number of other research reports. Buckingham Research decreased their price objective on shares of Stoneridge from $37.00 to $35.00 and set a buy rating on the stock in a report on Wednesday, October 3rd. ValuEngine raised shares of Stoneridge from a hold rating to a buy rating in a report on Tuesday, September 4th. Finally, Zacks Investment Research lowered shares of Stoneridge from a hold rating to a sell rating in a report on Thursday, October 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Stoneridge presently has an average rating of Hold and a consensus price target of $34.17.
NYSE:SRI traded down $0.39 during mid-day trading on Monday, reaching $24.60. 91,856 shares of the company were exchanged, compared to its average volume of 278,388. Stoneridge has a 12 month low of $20.63 and a 12 month high of $37.69. The company has a quick ratio of 1.59, a current ratio of 2.13 and a debt-to-equity ratio of 0.43. The firm has a market cap of $642.57 million, a P/E ratio of 15.67, a P/E/G ratio of 1.30 and a beta of 1.06.
Hedge funds and other institutional investors have recently modified their holdings of the company. Pembroke Management LTD boosted its stake in shares of Stoneridge by 8.9% in the 2nd quarter. Pembroke Management LTD now owns 716,961 shares of the auto parts company’s stock valued at $25,194,000 after purchasing an additional 58,538 shares during the last quarter. Peregrine Capital Management LLC bought a new position in shares of Stoneridge in the 3rd quarter valued at about $5,797,000. Engineers Gate Manager LP boosted its stake in shares of Stoneridge by 71.4% in the 2nd quarter. Engineers Gate Manager LP now owns 45,382 shares of the auto parts company’s stock valued at $1,595,000 after purchasing an additional 18,910 shares during the last quarter. Cornerstone Wealth Management LLC bought a new position in shares of Stoneridge in the 2nd quarter valued at about $2,842,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Stoneridge by 47.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 111,312 shares of the auto parts company’s stock valued at $3,980,000 after purchasing an additional 35,688 shares during the last quarter. 89.74% of the stock is currently owned by institutional investors.
Stoneridge Company Profile
Stoneridge, Inc designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, motorcycle, off-highway, and agricultural vehicle markets. It operates through three segments: Control Devices, Electronics, and PST. The Control Devices segment provides sensors, switches, valves, and actuators that monitor, measure, or activate specific functions within a vehicle.
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