California State Teachers Retirement System trimmed its position in shares of Stoneridge, Inc. (NYSE:SRI) by 9.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,689 shares of the auto parts company’s stock after selling 5,200 shares during the period. California State Teachers Retirement System owned about 0.17% of Stoneridge worth $735,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in Stoneridge by 13.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,756,176 shares of the auto parts company’s stock valued at $27,063,000 after purchasing an additional 207,761 shares during the last quarter. Royce & Associates LP increased its stake in Stoneridge by 343.7% in the second quarter. Royce & Associates LP now owns 1,235,737 shares of the auto parts company’s stock valued at $19,043,000 after purchasing an additional 957,237 shares during the last quarter. Vanguard Group Inc. increased its stake in Stoneridge by 3.8% in the first quarter. Vanguard Group Inc. now owns 1,108,924 shares of the auto parts company’s stock valued at $20,116,000 after purchasing an additional 41,013 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Stoneridge by 4.1% in the second quarter. JPMorgan Chase & Co. now owns 1,054,612 shares of the auto parts company’s stock valued at $16,252,000 after purchasing an additional 42,020 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Stoneridge by 33.4% in the second quarter. Renaissance Technologies LLC now owns 835,600 shares of the auto parts company’s stock valued at $12,877,000 after purchasing an additional 209,000 shares during the last quarter. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Several equities analysts have commented on the stock. B. Riley reiterated a “neutral” rating on shares of Stoneridge in a research note on Friday, November 3rd. BidaskClub lowered shares of Stoneridge from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of Stoneridge from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Thursday, November 9th. Finally, KeyCorp reissued a “hold” rating on shares of Stoneridge in a report on Sunday, October 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $23.50.

In other news, VP Thomas A. Beaver sold 49,779 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $21.51, for a total value of $1,070,746.29. Following the completion of the sale, the vice president now directly owns 76,529 shares of the company’s stock, valued at $1,646,138.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert J. Jr. Hartman sold 7,358 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $16.51, for a total value of $121,480.58. Following the completion of the sale, the insider now directly owns 37,281 shares of the company’s stock, valued at $615,509.31. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by corporate insiders.

Stoneridge, Inc. (NYSE:SRI) traded down $0.97 during mid-day trading on Friday, hitting $21.88. The stock had a trading volume of 199,201 shares, compared to its average volume of 206,029. The firm has a market capitalization of $642.87, a P/E ratio of 15.21 and a beta of 1.45. Stoneridge, Inc. has a 1-year low of $14.16 and a 1-year high of $23.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.24 and a quick ratio of 1.65.

Stoneridge (NYSE:SRI) last posted its quarterly earnings data on Wednesday, November 1st. The auto parts company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The business had revenue of $203.60 million during the quarter, compared to the consensus estimate of $192.80 million. Stoneridge had a return on equity of 20.37% and a net margin of 9.45%. The company’s revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 earnings per share. equities research analysts expect that Stoneridge, Inc. will post 1.49 EPS for the current fiscal year.

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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.

Institutional Ownership by Quarter for Stoneridge (NYSE:SRI)

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