William Lasky Purchases 5,000 Shares of Stoneridge (NYSE:SRI) Stock

Stoneridge, Inc. (NYSE:SRI) Director William Lasky purchased 5,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was acquired at an average price of $7.46 per share, for a total transaction of $37,300.00. Following the transaction, the director owned 192,666 shares of the company’s stock, valued at $1,437,288.36. The trade was a 2.66% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Stoneridge Trading Up 3.3%

Stoneridge stock opened at $7.65 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.37 and a current ratio of 2.02. The firm has a market cap of $216.06 million, a price-to-earnings ratio of -1.73 and a beta of 1.85. Stoneridge, Inc. has a 1 year low of $4.60 and a 1 year high of $9.71. The firm’s 50 day moving average price is $6.78 and its two-hundred day moving average price is $6.61.

Stoneridge (NYSE:SRI) last posted its quarterly earnings results on Thursday, May 7th. The auto parts company reported ($0.75) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.76). The business had revenue of $160.85 million during the quarter, compared to analyst estimates of $139.00 million. Stoneridge had a negative return on equity of 22.50% and a negative net margin of 15.24%. On average, research analysts predict that Stoneridge, Inc. will post -0.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Stoneridge

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SRI. Assenagon Asset Management S.A. increased its stake in shares of Stoneridge by 340.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 256,791 shares of the auto parts company’s stock worth $1,487,000 after acquiring an additional 198,423 shares during the last quarter. 22NW LP increased its stake in shares of Stoneridge by 8.3% in the third quarter. 22NW LP now owns 2,105,600 shares of the auto parts company’s stock worth $16,045,000 after acquiring an additional 162,092 shares during the last quarter. Teton Advisors LLC acquired a new position in shares of Stoneridge in the third quarter worth $198,000. AlphaQuest LLC acquired a new position in shares of Stoneridge in the third quarter worth $193,000. Finally, Villere ST Denis J & Co. LLC increased its stake in shares of Stoneridge by 100.0% in the first quarter. Villere ST Denis J & Co. LLC now owns 30,000 shares of the auto parts company’s stock worth $145,000 after acquiring an additional 15,000 shares during the last quarter. Institutional investors and hedge funds own 98.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on SRI. Weiss Ratings restated a “sell (d-)” rating on shares of Stoneridge in a research report on Friday, March 27th. Barrington Research lowered shares of Stoneridge from an “outperform” rating to a “market perform” rating in a research note on Monday, March 16th. Wall Street Zen lowered shares of Stoneridge from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Finally, Zacks Research lowered shares of Stoneridge from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Sell” and a consensus price target of $16.00.

About Stoneridge

Stoneridge, Inc (NYSE: SRI) is a global developer and manufacturer of highly engineered electrical and electronic components for the automotive and commercial vehicle markets. The company’s product offerings span a range of safety, convenience and control systems, delivering tailored solutions that help original equipment manufacturers (OEMs) meet increasingly stringent regulatory and performance requirements.

Among Stoneridge’s core products are rearview and side-view mirror systems, camera-based advanced driver assistance systems (ADAS) and interior and exterior lighting solutions.