Key Points
- Stoneridge CFO Scott Randall Humphrey bought 6,000 shares at an average price of $7.01, investing $42,060 and becoming the direct owner of 6,000 shares.
- Stoneridge reported a quarterly loss of $0.18 per share, missing estimates by $0.26, despite revenue of $181.38 million exceeding expectations; analysts anticipate a full-year loss of $0.74 per share.
- The stock opened at $7.03, within its 52-week range of $4.60 to $9.71. Analysts maintain a consensus “Reduce” rating, while institutional investors own 98.07% of the company.
Stoneridge, Inc. (NYSE:SRI - Get Free Report) CFO Scott Randall Humphrey bought 6,000 shares of the business's stock in a transaction on Tuesday, August 18th. The stock was bought at an average price of $7.01 per share, for a total transaction of $42,060.00. Following the transaction, the chief financial officer directly owned 6,000 shares of the company's stock, valued at approximately $42,060. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Stoneridge Stock Performance
NYSE SRI opened at $7.03 on Wednesday. The firm's fifty day moving average price is $7.23 and its two-hundred day moving average price is $7.04. The stock has a market cap of $200.63 million, a PE ratio of -1.65 and a beta of 1.85. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.27 and a current ratio of 1.89. Stoneridge, Inc. has a fifty-two week low of $4.60 and a fifty-two week high of $9.71.
Stoneridge (NYSE:SRI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The auto parts company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.26). Stoneridge had a negative net margin of 15.64% and a negative return on equity of 24.91%. The firm had revenue of $181.38 million during the quarter, compared to the consensus estimate of $161.85 million. On average, equities analysts expect that Stoneridge, Inc. will post -0.74 EPS for the current fiscal year.
Institutional Trading of Stoneridge
Institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. boosted its holdings in Stoneridge by 2.0% during the third quarter. Ameriprise Financial Inc. now owns 93,729 shares of the auto parts company's stock worth $714,000 after purchasing an additional 1,815 shares during the last quarter. Jane Street Group LLC increased its stake in Stoneridge by 1.9% in the 4th quarter. Jane Street Group LLC now owns 115,259 shares of the auto parts company's stock valued at $667,000 after buying an additional 2,178 shares during the last quarter. State Street Corp lifted its position in shares of Stoneridge by 2.6% during the 4th quarter. State Street Corp now owns 134,334 shares of the auto parts company's stock worth $778,000 after buying an additional 3,400 shares in the last quarter. Algert Global LLC lifted its position in shares of Stoneridge by 19.8% during the 3rd quarter. Algert Global LLC now owns 25,880 shares of the auto parts company's stock worth $197,000 after buying an additional 4,270 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Stoneridge by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 317,846 shares of the auto parts company's stock worth $1,841,000 after buying an additional 4,545 shares during the last quarter. Institutional investors own 98.07% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently commented on SRI. Zacks Research raised Stoneridge from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 21st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Stoneridge in a research note on Wednesday, June 24th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $16.00.
Read Our Latest Stock Report on SRI
About Stoneridge
(
Get Free Report)
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.
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