Stoneridge (NYSE:SRI) CFO Scott Randall Humphrey Acquires 6,000 Shares

Stoneridge, Inc. (NYSE:SRI) CFO Scott Randall Humphrey purchased 6,000 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was acquired at an average price of $7.01 per share, with a total value of $42,060.00. Following the completion of the transaction, the chief financial officer owned 6,000 shares of the company’s stock, valued at $42,060. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Stoneridge Trading Down 0.4%

Shares of NYSE:SRI opened at $7.03 on Wednesday. The company has a market capitalization of $200.63 million, a P/E ratio of -1.65 and a beta of 1.85. Stoneridge, Inc. has a 1 year low of $4.60 and a 1 year high of $9.71. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.89 and a quick ratio of 1.27. The business’s 50 day simple moving average is $7.23 and its 200 day simple moving average is $7.04.

Stoneridge (NYSE:SRI) last posted its quarterly earnings data on Wednesday, August 5th. The auto parts company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.26). The company had revenue of $181.38 million for the quarter, compared to the consensus estimate of $161.85 million. Stoneridge had a negative return on equity of 24.91% and a negative net margin of 15.64%. On average, research analysts anticipate that Stoneridge, Inc. will post -0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SRI has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stoneridge in a research report on Wednesday, June 24th. Zacks Research raised shares of Stoneridge from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Stoneridge currently has a consensus rating of “Reduce” and a consensus target price of $16.00.

Hedge Funds Weigh In On Stoneridge

Institutional investors have recently modified their holdings of the business. Empowered Funds LLC bought a new stake in shares of Stoneridge during the 2nd quarter worth $484,000. Public Employees Retirement System of Ohio bought a new position in Stoneridge in the second quarter valued at about $239,000. Bank of America Corp DE acquired a new position in Stoneridge during the second quarter worth about $238,000. Man Group plc acquired a new position in Stoneridge during the second quarter worth about $2,049,000. Finally, Hsbc Holdings PLC bought a new position in shares of Stoneridge in the second quarter worth about $672,000. Institutional investors and hedge funds own 98.07% of the company’s stock.

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.