Stoneridge, Inc. (NYSE:SRI) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. trimmed its holdings in shares of Stoneridge, Inc. (NYSE:SRI) by 27.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,000 shares of the auto parts company’s stock after selling 23,000 shares during the period. Teton Advisors Inc. owned approximately 0.23% of Stoneridge worth $1,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SRI. Dimensional Fund Advisors LP lifted its stake in shares of Stoneridge by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,531,421 shares of the auto parts company’s stock valued at $29,970,000 after purchasing an additional 61,849 shares during the period. Vanguard Group Inc. lifted its stake in shares of Stoneridge by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,416,912 shares of the auto parts company’s stock valued at $28,437,000 after purchasing an additional 15,478 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Stoneridge by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 440,942 shares of the auto parts company’s stock valued at $8,629,000 after purchasing an additional 25,357 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Stoneridge by 4.4% in the 4th quarter. Russell Investments Group Ltd. now owns 279,041 shares of the auto parts company’s stock valued at $5,461,000 after purchasing an additional 11,716 shares during the period. Finally, Kennedy Capital Management LLC lifted its stake in shares of Stoneridge by 3.8% in the 3rd quarter. Kennedy Capital Management LLC now owns 243,082 shares of the auto parts company’s stock valued at $4,879,000 after purchasing an additional 8,869 shares during the period. 98.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Stoneridge

In other news, Director Kim Korth sold 7,745 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $16.49, for a total transaction of $127,715.05. Following the transaction, the director now owns 73,227 shares of the company’s stock, valued at approximately $1,207,513.23. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.30% of the company’s stock.

Stoneridge Price Performance

NYSE SRI traded down $0.62 on Tuesday, hitting $15.00. The company had a trading volume of 115,507 shares, compared to its average volume of 98,578. The company has a market capitalization of $415.05 million, a PE ratio of -78.94 and a beta of 1.39. The company’s fifty day moving average price is $16.91 and its 200-day moving average price is $17.33. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.41 and a quick ratio of 1.36. Stoneridge, Inc. has a 12-month low of $14.18 and a 12-month high of $24.51.

Stoneridge (NYSE:SRI) last issued its quarterly earnings results on Wednesday, February 28th. The auto parts company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. Stoneridge had a negative net margin of 0.53% and a negative return on equity of 0.72%. The company had revenue of $229.50 million during the quarter, compared to analyst estimates of $234.20 million. During the same quarter in the previous year, the firm earned $0.11 EPS. The firm’s revenue was down .7% compared to the same quarter last year. As a group, analysts predict that Stoneridge, Inc. will post 0.3 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Stoneridge from a “buy” rating to a “hold” rating in a research note on Friday, March 1st.

Stoneridge Company 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.