Universal Beteiligungs und Servicegesellschaft mbH Invests $139,000 in Stoneridge, Inc. $SRI

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Stoneridge, Inc. (NYSE:SRI) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 19,808 shares of the auto parts company’s stock, valued at approximately $139,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of Stoneridge at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. 22NW LP raised its position in Stoneridge by 374.8% in the first quarter. 22NW LP now owns 1,627,653 shares of the auto parts company’s stock worth $7,471,000 after acquiring an additional 1,284,866 shares in the last quarter. Millennium Management LLC grew its stake in shares of Stoneridge by 3.0% during the 1st quarter. Millennium Management LLC now owns 954,577 shares of the auto parts company’s stock worth $4,382,000 after purchasing an additional 28,037 shares during the period. Acadian Asset Management LLC grew its stake in shares of Stoneridge by 26.6% during the 2nd quarter. Acadian Asset Management LLC now owns 751,764 shares of the auto parts company’s stock worth $5,285,000 after purchasing an additional 158,147 shares during the period. Federated Hermes Inc. increased its holdings in shares of Stoneridge by 17,284.9% in the 1st quarter. Federated Hermes Inc. now owns 706,347 shares of the auto parts company’s stock valued at $3,242,000 after purchasing an additional 702,284 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Stoneridge by 213.7% in the first quarter. AQR Capital Management LLC now owns 533,470 shares of the auto parts company’s stock valued at $2,449,000 after purchasing an additional 363,407 shares during the period. 98.07% of the stock is currently owned by hedge funds and other institutional investors.

Stoneridge Stock Performance

NYSE:SRI opened at $5.71 on Friday. The company has a current ratio of 2.14, a quick ratio of 1.35 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $159.98 million, a P/E ratio of -5.29 and a beta of 1.57. The firm has a 50-day moving average price of $6.69 and a two-hundred day moving average price of $6.95. Stoneridge, Inc. has a twelve month low of $3.54 and a twelve month high of $9.10.

Stoneridge (NYSE:SRI) last announced its quarterly earnings results on Wednesday, November 5th. The auto parts company reported ($0.18) earnings per share (EPS) for the quarter. The business had revenue of $210.27 million during the quarter, compared to analysts’ expectations 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, research analysts expect that Stoneridge, Inc. will post -0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barrington Research restated an “outperform” rating and set a $16.00 target price on shares of Stoneridge in a research report on Monday, November 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Stoneridge in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $16.00.

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.