Stoneridge Inc. (NYSE:SRI) reached a new 52-week high during trading on Monday . The stock traded as high as $18.77 and last traded at $18.52, with a volume of 120,132 shares changing hands. The stock had previously closed at $18.32.

SRI has been the topic of several recent analyst reports. Zacks Investment Research raised Stoneridge from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a research report on Wednesday, August 3rd. FBR & Co reissued a “hold” rating and issued a $13.00 target price on shares of Stoneridge in a report on Thursday, August 4th. Sidoti downgraded Stoneridge from a “buy” rating to a “neutral” rating and set a $18.00 target price on the stock. in a report on Tuesday, May 31st. Finally, B. Riley reissued a “buy” rating and issued a $19.00 target price on shares of Stoneridge in a report on Tuesday, August 9th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $17.60.

The company has a market cap of $513.41 million, a PE ratio of 16.08 and a beta of 2.22. The company has a 50-day moving average of $17.46 and a 200-day moving average of $15.61.

Stoneridge (NYSE:SRI) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.09. The firm earned $186.90 million during the quarter, compared to analyst estimates of $184.91 million. Stoneridge had a return on equity of 30.33% and a net margin of 4.84%. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS. On average, analysts expect that Stoneridge Inc. will post $1.37 EPS for the current fiscal year.

In other news, VP Thomas A. Beaver sold 40,000 shares of the business’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $18.25, for a total value of $730,000.00. Following the completion of the transaction, the vice president now directly owns 85,667 shares of the company’s stock, valued at approximately $1,563,422.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Richard P. Adante sold 18,979 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $17.64, for a total value of $334,789.56. Following the completion of the transaction, the vice president now directly owns 61,532 shares of the company’s stock, valued at $1,085,424.48. The disclosure for this sale can be found here. 4.70% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SRI. Dimensional Fund Advisors LP raised its position in Stoneridge by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,451,293 shares of the company’s stock valued at $21,682,000 after buying an additional 6,435 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Stoneridge by 4.5% in the second quarter. Vanguard Group Inc. now owns 996,757 shares of the company’s stock valued at $14,892,000 after buying an additional 43,233 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Stoneridge by 1.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 733,657 shares of the company’s stock valued at $10,961,000 after buying an additional 9,767 shares during the period. Mckinley Capital Management LLC Delaware increased its position in shares of Stoneridge by 176.1% in the second quarter. Mckinley Capital Management LLC Delaware now owns 450,206 shares of the company’s stock valued at $6,726,000 after buying an additional 287,139 shares during the period. Finally, Wedge Capital Management L L P NC increased its position in shares of Stoneridge by 428.0% in the second quarter. Wedge Capital Management L L P NC now owns 419,724 shares of the company’s stock valued at $11,849,000 after buying an additional 340,224 shares during the period. 85.24% of the stock is owned by hedge funds and other institutional investors.

About Stoneridge

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.

5 Day Chart for NYSE:SRI

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