GSA Capital Partners LLP Buys 38,276 Shares of Stoneridge, Inc. (SRI)
GSA Capital Partners LLP grew its stake in Stoneridge, Inc. (NYSE:SRI) by 112.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,215 shares of the auto parts company’s stock after acquiring an additional 38,276 shares during the quarter. GSA Capital Partners LLP owned about 0.26% of Stoneridge worth $1,431,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of SRI. Teachers Advisors LLC lifted its position in Stoneridge by 26.8% during the first quarter. Teachers Advisors LLC now owns 58,615 shares of the auto parts company’s stock worth $1,063,000 after buying an additional 12,403 shares during the period. Vanguard Group Inc. lifted its position in Stoneridge by 3.8% during the first quarter. Vanguard Group Inc. now owns 1,108,924 shares of the auto parts company’s stock worth $20,116,000 after buying an additional 41,013 shares during the period. Morgan Stanley lifted its position in Stoneridge by 1.5% during the first quarter. Morgan Stanley now owns 119,238 shares of the auto parts company’s stock worth $2,163,000 after buying an additional 1,725 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Stoneridge by 5.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 111,762 shares of the auto parts company’s stock worth $2,028,000 after buying an additional 5,643 shares during the period. Finally, Strs Ohio lifted its position in Stoneridge by 6.2% during the second quarter. Strs Ohio now owns 41,300 shares of the auto parts company’s stock worth $636,000 after buying an additional 2,400 shares during the period. Institutional investors and hedge funds own 86.98% of the company’s stock.
Several equities analysts recently weighed in on SRI shares. KeyCorp reiterated a “hold” rating on shares of Stoneridge in a research report on Friday, November 17th. Zacks Investment Research downgraded Stoneridge from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, B. Riley reiterated a “neutral” rating on shares of Stoneridge in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Stoneridge currently has an average rating of “Hold” and a consensus target price of $23.50.
Stoneridge (NYSE:SRI) last announced its quarterly earnings results on Wednesday, November 1st. The auto parts company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The company had revenue of $203.60 million during the quarter, compared to analyst estimates of $192.80 million. Stoneridge had a return on equity of 20.37% and a net margin of 9.45%. The firm’s revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 earnings per share. sell-side analysts anticipate that Stoneridge, Inc. will post 1.49 EPS for the current fiscal year.
In other Stoneridge news, VP Thomas A. Beaver sold 49,779 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $21.51, for a total transaction of $1,070,746.29. Following the completion of the sale, the vice president now directly owns 76,529 shares in the company, valued at $1,646,138.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.30% of the company’s stock.
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Stoneridge Company Profile
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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