Stoneridge, Inc. (NYSE:SRI) saw an uptick in trading volume on Tuesday . 959,607 shares changed hands during mid-day trading, an increase of 501% from the previous session’s volume of 159,667 shares.The stock last traded at $23.99 and had previously closed at $21.34.

A number of brokerages recently weighed in on SRI. KeyCorp reaffirmed a “hold” rating on shares of Stoneridge in a research note on Sunday, October 15th. B. Riley reaffirmed a “neutral” rating on shares of Stoneridge in a research note on Friday, November 3rd. Finally, Zacks Investment Research raised 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $23.50.

The stock has a market cap of $675.83, a P/E ratio of 15.99 and a beta of 1.45. 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 results on Wednesday, November 1st. The auto parts company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.32 by $0.04. The firm had revenue of $203.60 million for the quarter, compared to the consensus estimate of $192.80 million. Stoneridge had a net margin of 9.45% and a return on equity of 20.37%. The business’s revenue was up 17.1% compared to the same quarter last year. During the same period last year, the firm posted $0.36 earnings per share. analysts expect 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 Stoneridge stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $21.51, for a total transaction of $1,070,746.29. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP raised its stake in shares of Stoneridge by 112.8% during the third quarter. GSA Capital Partners LLP now owns 72,215 shares of the auto parts company’s stock worth $1,431,000 after acquiring an additional 38,276 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Stoneridge by 5.7% in the third quarter. California Public Employees Retirement System now owns 126,157 shares of the auto parts company’s stock worth $2,499,000 after purchasing an additional 6,757 shares during the last quarter. Highbridge Capital Management LLC bought a new position in shares of Stoneridge in the third quarter worth approximately $206,000. Segall Bryant & Hamill LLC grew its holdings in shares of Stoneridge by 5.7% in the third quarter. Segall Bryant & Hamill LLC now owns 115,773 shares of the auto parts company’s stock worth $2,293,000 after purchasing an additional 6,237 shares during the last quarter. Finally, NWQ Investment Management Company LLC grew its holdings in shares of Stoneridge by 1.7% in the third quarter. NWQ Investment Management Company LLC now owns 2,037,198 shares of the auto parts company’s stock worth $40,357,000 after purchasing an additional 33,240 shares during the last quarter. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

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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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