Boston Partners Increases Stock Holdings in Stoneridge, Inc. (NYSE:SRI)

Boston Partners boosted its holdings in shares of Stoneridge, Inc. (NYSE:SRI) by 128.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,202 shares of the auto parts company’s stock after buying an additional 40,087 shares during the period. Boston Partners owned approximately 0.26% of Stoneridge worth $446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Rhumbline Advisers increased its holdings in shares of Stoneridge by 4.9% during the fourth quarter. Rhumbline Advisers now owns 48,478 shares of the auto parts company’s stock valued at $304,000 after acquiring an additional 2,274 shares in the last quarter. US Bancorp DE increased its stake in Stoneridge by 65.2% during the 4th quarter. US Bancorp DE now owns 6,791 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 2,679 shares in the last quarter. XTX Topco Ltd raised its holdings in shares of Stoneridge by 25.7% in the third quarter. XTX Topco Ltd now owns 13,873 shares of the auto parts company’s stock worth $155,000 after buying an additional 2,833 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Stoneridge by 2.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 178,248 shares of the auto parts company’s stock worth $1,995,000 after buying an additional 3,748 shares during the period. Finally, Quarry LP purchased a new stake in shares of Stoneridge during the third quarter valued at $44,000. 98.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SRI shares. Barrington Research reaffirmed an “outperform” rating and set a $16.00 price target on shares of Stoneridge in a research report on Tuesday, March 4th. StockNews.com downgraded Stoneridge from a “buy” rating to a “hold” rating in a report on Saturday, March 8th.

Stoneridge Price Performance

NYSE:SRI opened at $5.04 on Monday. The firm’s fifty day moving average is $5.02 and its two-hundred day moving average is $7.18. The firm has a market cap of $139.44 million, a price-to-earnings ratio of -18.65 and a beta of 1.27. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 2.44. Stoneridge, Inc. has a one year low of $4.11 and a one year high of $18.57.

Stoneridge (NYSE:SRI) last posted its earnings results on Wednesday, February 26th. The auto parts company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.36). Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. The company had revenue of $218.20 million for the quarter, compared to analyst estimates of $207.61 million. Research analysts expect that Stoneridge, Inc. will post -0.42 EPS for the current year.

About Stoneridge

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.