Strs Ohio held its stake in Stoneridge, Inc. (NYSE:SRI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,900 shares of the auto parts company’s stock at the end of the first quarter. Strs Ohio owned about 0.14% of Stoneridge worth $705,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in SRI. Envestnet Asset Management Inc. boosted its position in shares of Stoneridge by 19.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 8,750 shares of the auto parts company’s stock worth $155,000 after buying an additional 1,400 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Stoneridge during the fourth quarter worth $182,000. B. Riley Financial Inc. acquired a new stake in shares of Stoneridge during the third quarter worth $239,000. Bowling Portfolio Management LLC raised its stake in Stoneridge by 18.0% in the fourth quarter. Bowling Portfolio Management LLC now owns 20,886 shares of the auto parts company’s stock valued at $369,000 after buying an additional 3,191 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in Stoneridge by 109.7% in the third quarter. Citadel Advisors LLC now owns 24,523 shares of the auto parts company’s stock valued at $451,000 after buying an additional 12,826 shares in the last quarter. 89.05% of the stock is currently owned by hedge funds and other institutional investors.
Stoneridge, Inc. (NYSE SRI) traded down 0.48% during midday trading on Monday, hitting $14.55. The company had a trading volume of 66,690 shares. Stoneridge, Inc. has a 1-year low of $13.42 and a 1-year high of $20.82. The company has a 50 day moving average price of $16.70 and a 200 day moving average price of $17.39. The firm has a market capitalization of $409.48 million, a P/E ratio of 5.21 and a beta of 1.27.
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A number of research analysts have issued reports on SRI shares. B. Riley reiterated a “buy” rating and set a $21.50 price objective on shares of Stoneridge in a research note on Wednesday, March 1st. Zacks Investment Research upgraded Stoneridge from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Thursday, March 2nd.
In other news, insider Peter Kruk sold 22,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $16.63, for a total value of $365,860.00. Following the completion of the sale, the insider now directly owns 20,047 shares of the company’s stock, valued at $333,381.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.30% of the stock is currently owned by corporate insiders.
Stoneridge, Inc is a designer and manufacturer of engineered electrical and electronic components, modules and systems for the automotive, commercial, motorcycle, off-highway and agricultural vehicle markets. The Company operates through three segments: Control Devices, Electronics and PST. The Company’s Control Devices segment designs and manufactures products that monitor, measure or activate specific functions within a vehicle and includes product lines, such as sensors, switches, valves, and actuators.
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