Stoneridge, Inc. (NYSE:SRI) has received a consensus recommendation of “Hold” from the eight analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $35.60.
A number of equities research analysts recently issued reports on the company. Barrington Research restated a “buy” rating and issued a $50.00 price objective on shares of Stoneridge in a research note on Tuesday, July 31st. ValuEngine upgraded Stoneridge from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Zacks Investment Research cut Stoneridge from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Buckingham Research lowered their price objective on Stoneridge from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, October 3rd. Finally, Stephens set a $35.00 price objective on Stoneridge and gave the company a “buy” rating in a research note on Tuesday, October 30th.
Stoneridge stock traded up $0.54 during midday trading on Wednesday, reaching $25.99. The stock had a trading volume of 161,600 shares, compared to its average volume of 271,347. Stoneridge has a 12 month low of $20.78 and a 12 month high of $37.69. The stock has a market capitalization of $726.64 million, a P/E ratio of 16.62, a P/E/G ratio of 1.47 and a beta of 1.10. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.60 and a current ratio of 2.20.
A number of hedge funds have recently bought and sold shares of the business. Systematic Financial Management LP grew its holdings in Stoneridge by 1.5% during the 3rd quarter. Systematic Financial Management LP now owns 506,546 shares of the auto parts company’s stock valued at $15,055,000 after buying an additional 7,707 shares in the last quarter. WINTON GROUP Ltd grew its holdings in Stoneridge by 23.2% during the 3rd quarter. WINTON GROUP Ltd now owns 20,419 shares of the auto parts company’s stock valued at $607,000 after buying an additional 3,843 shares in the last quarter. American Century Companies Inc. grew its holdings in Stoneridge by 1.3% during the 3rd quarter. American Century Companies Inc. now owns 235,051 shares of the auto parts company’s stock valued at $6,986,000 after buying an additional 3,003 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in Stoneridge by 34.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 9,528 shares of the auto parts company’s stock valued at $283,000 after buying an additional 2,466 shares in the last quarter. Finally, USA Financial Portformulas Corp purchased a new position in Stoneridge during the 3rd quarter valued at about $105,000. 91.96% of the stock is owned by institutional investors and hedge funds.
Stoneridge, Inc designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, motorcycle, off-highway, and agricultural vehicle markets. It operates through three segments: Control Devices, Electronics, and PST. The Control Devices segment provides sensors, switches, valves, and actuators that monitor, measure, or activate specific functions within a vehicle.
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