Cooke & Bieler LP Has $24.47 Million Stake in Stoneridge, Inc. (NYSE:SRI)

Cooke & Bieler LP cut its position in shares of Stoneridge, Inc. (NYSE:SRI) by 3.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,532,951 shares of the auto parts company’s stock after selling 57,333 shares during the quarter. Cooke & Bieler LP owned about 5.54% of Stoneridge worth $24,466,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Gladius Capital Management LP acquired a new stake in shares of Stoneridge during the 4th quarter worth approximately $76,000. State Board of Administration of Florida Retirement System acquired a new stake in Stoneridge in the first quarter worth $238,000. BNP Paribas Financial Markets raised its holdings in shares of Stoneridge by 28.0% during the first quarter. BNP Paribas Financial Markets now owns 13,068 shares of the auto parts company’s stock valued at $241,000 after purchasing an additional 2,861 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of Stoneridge by 19.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 15,242 shares of the auto parts company’s stock worth $298,000 after purchasing an additional 2,510 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Stoneridge in the 2nd quarter valued at about $344,000. Institutional investors own 98.07% of the company’s stock.

Stoneridge Stock Down 0.6 %

Shares of NYSE:SRI traded down $0.08 during mid-day trading on Wednesday, hitting $13.67. 12,684 shares of the company traded hands, compared to its average volume of 126,711. The stock has a market cap of $378.39 million, a P/E ratio of -98.14 and a beta of 1.32. The stock has a 50-day moving average price of $15.20 and a two-hundred day moving average price of $16.04. Stoneridge, Inc. has a 12-month low of $13.33 and a 12-month high of $20.79. The company has a current ratio of 2.27, a quick ratio of 1.31 and a debt-to-equity ratio of 0.69.

Stoneridge (NYSE:SRI) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.19. Stoneridge had a net margin of 0.19% and a return on equity of 3.03%. The business had revenue of $237.10 million during the quarter, compared to the consensus estimate of $242.90 million. During the same period in the prior year, the firm posted ($0.05) EPS. The firm’s quarterly revenue was down 11.1% compared to the same quarter last year. On average, equities research analysts forecast that Stoneridge, Inc. will post 0.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on SRI. StockNews.com raised Stoneridge from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Stephens initiated coverage on shares of Stoneridge in a research report on Monday, July 8th. They set an “overweight” rating for the company.

Stoneridge Company 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.