Stoneridge, Inc. (NYSE:SRI) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $29.21 and last traded at $29.04, with a volume of 998081 shares changing hands. The stock had previously closed at $24.77.

A number of research analysts have recently commented on SRI shares. ValuEngine upgraded Stoneridge from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Zacks Investment Research cut Stoneridge from a “strong-buy” rating to a “hold” rating and set a $26.00 price target for the company. in a research note on Wednesday, January 10th. B. Riley increased their price target on Stoneridge from $21.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, March 6th. Finally, Stephens upgraded Stoneridge from an “equal” rating to a “weight” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $25.50.

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The stock has a market capitalization of $698.02, a P/E ratio of 18.33 and a beta of 1.37. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.69 and a current ratio of 2.23.

Stoneridge (NYSE:SRI) last announced its quarterly earnings results on Wednesday, February 28th. The auto parts company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.05. The company had revenue of $207.40 million during the quarter, compared to analysts’ expectations of $206.50 million. Stoneridge had a return on equity of 20.36% and a net margin of 5.48%. Stoneridge’s revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 EPS. analysts anticipate that Stoneridge, Inc. will post 1.96 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in SRI. State Street Corp raised its position in Stoneridge by 4.5% during the 2nd quarter. State Street Corp now owns 578,302 shares of the auto parts company’s stock worth $8,914,000 after purchasing an additional 24,876 shares during the last quarter. Prudential Financial Inc. raised its position in Stoneridge by 5.1% during the 3rd quarter. Prudential Financial Inc. now owns 175,472 shares of the auto parts company’s stock worth $3,476,000 after purchasing an additional 8,480 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in Stoneridge by 152.9% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 45,650 shares of the auto parts company’s stock worth $904,000 after purchasing an additional 27,600 shares during the last quarter. Russell Investments Group Ltd. raised its position in Stoneridge by 146.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 71,050 shares of the auto parts company’s stock worth $1,408,000 after purchasing an additional 42,250 shares during the last quarter. Finally, Systematic Financial Management LP raised its position in Stoneridge by 6.1% during the 3rd quarter. Systematic Financial Management LP now owns 432,547 shares of the auto parts company’s stock worth $8,569,000 after purchasing an additional 24,926 shares during the last quarter. 89.12% of the stock is owned by institutional investors and hedge funds.

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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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