Savant Capital LLC Purchases Shares of 12,289 Stoneridge, Inc. $SRI

Savant Capital LLC acquired a new position in Stoneridge, Inc. (NYSE:SRI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,289 shares of the auto parts company’s stock, valued at approximately $87,000.

Several other institutional investors have also recently modified their holdings of the company. Strs Ohio bought a new stake in Stoneridge in the 1st quarter worth approximately $39,000. R Squared Ltd purchased a new position in shares of Stoneridge during the second quarter worth approximately $80,000. CWM LLC raised its stake in shares of Stoneridge by 580.6% during the first quarter. CWM LLC now owns 12,849 shares of the auto parts company’s stock worth $59,000 after acquiring an additional 10,961 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Stoneridge in the 2nd quarter worth approximately $92,000. Finally, Quantbot Technologies LP boosted its stake in shares of Stoneridge by 27.6% in the 1st quarter. Quantbot Technologies LP now owns 19,984 shares of the auto parts company’s stock valued at $92,000 after purchasing an additional 4,318 shares in the last quarter. 98.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SRI has been the topic of a number of analyst reports. Barrington Research reiterated an “outperform” rating and issued a $16.00 target price on shares of Stoneridge in a research report on Monday, November 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Stoneridge in a report on Wednesday. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $16.00.

Stoneridge Price Performance

Shares of Stoneridge stock opened at $5.55 on Friday. The firm has a market cap of $155.35 million, a PE ratio of -5.13 and a beta of 1.57. Stoneridge, Inc. has a 12-month low of $3.54 and a 12-month high of $9.10. The company has a quick ratio of 1.35, a current ratio of 2.14 and a debt-to-equity ratio of 0.63. The company’s fifty day simple moving average is $6.96 and its two-hundred day simple moving average is $6.90.

Stoneridge (NYSE:SRI) last issued its quarterly earnings data on Wednesday, November 5th. The auto parts company reported ($0.18) EPS for the quarter. The firm had revenue of $210.27 million for the quarter, compared to the consensus estimate of $203.14 million. Stoneridge had a negative net margin of 3.39% and a negative return on equity of 9.24%. Stoneridge has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Stoneridge, Inc. will post -0.42 EPS for the current year.

Stoneridge Profile

Stoneridge, Inc, together with its subsidiaries, designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates through three segments: Control Devices, Electronics, and Stoneridge Brazil.