Stoneridge (NYSE:SRI – Get Rating) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Saturday.
Separately, Stephens restated an “overweight” rating and set a $27.00 price target on shares of Stoneridge in a research note on Thursday, March 2nd.
Stoneridge Trading Up 2.0 %
NYSE SRI opened at $16.51 on Friday. The stock has a market cap of $454.19 million, a PE ratio of -33.02 and a beta of 1.35. Stoneridge has a 12 month low of $14.18 and a 12 month high of $25.87. The company’s 50-day moving average price is $17.53 and its 200-day moving average price is $20.80. The company has a current ratio of 2.09, a quick ratio of 1.26 and a debt-to-equity ratio of 0.61.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can purchased a new position in Stoneridge in the third quarter valued at about $32,000. Tower Research Capital LLC TRC raised its stake in shares of Stoneridge by 173.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,205 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 1,398 shares in the last quarter. US Bancorp DE lifted its position in Stoneridge by 138.3% during the first quarter. US Bancorp DE now owns 2,342 shares of the auto parts company’s stock valued at $48,000 after acquiring an additional 1,359 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Stoneridge by 54.9% in the second quarter. BNP Paribas Arbitrage SA now owns 7,494 shares of the auto parts company’s stock valued at $129,000 after acquiring an additional 2,655 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in Stoneridge by 12.2% in the third quarter. SG Americas Securities LLC now owns 9,644 shares of the auto parts company’s stock worth $163,000 after purchasing an additional 1,048 shares during the last quarter. 97.54% of the stock is owned by institutional investors.
Stoneridge Company Profile
Stoneridge, Inc engages in the production of engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets. It operates through the following segments: Control Devices, Electronics, and Stoneridge Brazil.
- Get a free copy of the StockNews.com research report on Stoneridge (SRI)
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