Stoneridge (NYSE:SRI) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of Stoneridge (NYSE:SRI) from a buy rating to a hold rating in a report released on Sunday morning.

A number of other research firms have also weighed in on SRI. Weiss Ratings reiterated a “sell (d-)” rating on shares of Stoneridge in a research report on Monday, December 29th. Zacks Research upgraded Stoneridge to a “hold” rating in a report on Wednesday, March 18th. Finally, Barrington Research lowered shares of Stoneridge from an “outperform” rating to a “market perform” rating in a research note on Monday, March 16th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Stoneridge has a consensus rating of “Reduce” and a consensus price target of $16.00.

Stoneridge Stock Down 0.0%

SRI stock opened at $5.49 on Friday. The firm has a market cap of $153.76 million, a PE ratio of -1.48 and a beta of 1.45. Stoneridge has a 12 month low of $3.54 and a 12 month high of $9.71. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.30 and a quick ratio of 1.45. The firm has a 50 day simple moving average of $7.22 and a 200 day simple moving average of $6.84.

Stoneridge (NYSE:SRI) last posted its quarterly earnings results on Wednesday, March 11th. The auto parts company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.55). The business had revenue of $205.15 million during the quarter, compared to analyst estimates of $211.70 million. Stoneridge had a negative return on equity of 13.49% and a negative net margin of 11.94%. Equities research analysts forecast that Stoneridge will post -0.42 earnings per share for the current fiscal year.

Institutional Trading of Stoneridge

Several large investors have recently added to or reduced their stakes in SRI. 22NW LP raised its holdings in shares of Stoneridge by 4.1% during the 4th quarter. 22NW LP now owns 2,192,764 shares of the auto parts company’s stock valued at $12,696,000 after purchasing an additional 87,164 shares in the last quarter. Vanguard Group Inc. increased its position in Stoneridge by 3.5% during the third quarter. Vanguard Group Inc. now owns 1,514,480 shares of the auto parts company’s stock worth $11,540,000 after buying an additional 51,263 shares during the last quarter. Federated Hermes Inc. increased its position in Stoneridge by 4.4% during the fourth quarter. Federated Hermes Inc. now owns 1,110,619 shares of the auto parts company’s stock worth $6,430,000 after buying an additional 47,135 shares during the last quarter. AYAL Capital Advisors Ltd raised its holdings in Stoneridge by 2.1% during the fourth quarter. AYAL Capital Advisors Ltd now owns 1,089,000 shares of the auto parts company’s stock valued at $6,305,000 after buying an additional 22,330 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Stoneridge by 3.0% during the first quarter. Millennium Management LLC now owns 954,577 shares of the auto parts company’s stock valued at $4,382,000 after buying an additional 28,037 shares in the last quarter. 98.07% of the stock is owned by institutional investors.

About Stoneridge

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.