Stoneridge (NYSE:SRI) Director William Lasky Purchases 5,000 Shares

Stoneridge, Inc. (NYSE:SRI) Director William Lasky bought 5,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was purchased at an average cost of $7.46 per share, for a total transaction of $37,300.00. Following the transaction, the director owned 192,666 shares of the company’s stock, valued at $1,437,288.36. This trade represents a 2.66% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Stoneridge Trading Up 6.0%

NYSE SRI traded up $0.45 on Friday, reaching $7.86. The stock had a trading volume of 45,109 shares, compared to its average volume of 207,900. The firm has a market capitalization of $221.79 million, a price-to-earnings ratio of -1.78 and a beta of 1.85. The company has a quick ratio of 1.37, a current ratio of 2.02 and a debt-to-equity ratio of 1.00. Stoneridge, Inc. has a 12-month low of $4.60 and a 12-month high of $9.71. The stock has a fifty day moving average price of $6.72 and a two-hundred day moving average price of $6.60.

Stoneridge (NYSE:SRI) last announced its earnings results on Thursday, May 7th. The auto parts company reported ($0.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.76). The firm had revenue of $160.85 million during the quarter, compared to analysts’ expectations of $139.00 million. Stoneridge had a negative net margin of 15.24% and a negative return on equity of 22.50%. As a group, sell-side analysts forecast that Stoneridge, Inc. will post -0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Stoneridge in a research report on Friday, March 27th. Wall Street Zen lowered Stoneridge from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Zacks Research lowered Stoneridge from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. Finally, Barrington Research lowered Stoneridge from an “outperform” rating to a “market perform” rating in a research report on Monday, March 16th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Sell” and a consensus target price of $16.00.

Institutional Trading of Stoneridge

A number of large investors have recently modified their holdings of the stock. Bank of America Corp DE increased its position in shares of Stoneridge by 113.3% during the first quarter. Bank of America Corp DE now owns 68,896 shares of the auto parts company’s stock worth $333,000 after acquiring an additional 36,590 shares during the period. Empowered Funds LLC increased its holdings in Stoneridge by 174.2% in the first quarter. Empowered Funds LLC now owns 61,880 shares of the auto parts company’s stock valued at $299,000 after buying an additional 39,315 shares during the last quarter. Sei Investments Co. increased its holdings in Stoneridge by 45.6% in the first quarter. Sei Investments Co. now owns 31,090 shares of the auto parts company’s stock valued at $150,000 after buying an additional 9,732 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in Stoneridge in the first quarter valued at $90,000. Finally, Villere ST Denis J & Co. LLC increased its holdings in Stoneridge by 100.0% in the first quarter. Villere ST Denis J & Co. LLC now owns 30,000 shares of the auto parts company’s stock valued at $145,000 after buying an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 98.07% of the company’s stock.

Stoneridge Company Profile

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.