Cooke & Bieler LP Sells 21,125 Shares of Stoneridge, Inc. (NYSE:SRI)

Cooke & Bieler LP decreased its holdings in shares of Stoneridge, Inc. (NYSE:SRI) by 1.3% in the fourth quarter, Holdings Channel reports. The firm owned 1,637,414 shares of the auto parts company’s stock after selling 21,125 shares during the quarter. Cooke & Bieler LP owned about 0.06% of Stoneridge worth $32,044,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Stoneridge by 2.0% during the second quarter. BlackRock Inc. now owns 2,088,494 shares of the auto parts company’s stock worth $39,368,000 after purchasing an additional 41,511 shares during the period. Thrivent Financial for Lutherans lifted its stake in Stoneridge by 49.4% during the first quarter. Thrivent Financial for Lutherans now owns 2,049,715 shares of the auto parts company’s stock worth $38,330,000 after purchasing an additional 677,632 shares during the period. Dimensional Fund Advisors LP lifted its stake in Stoneridge by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,458,791 shares of the auto parts company’s stock worth $27,279,000 after purchasing an additional 29,333 shares during the period. Vanguard Group Inc. raised its stake in shares of Stoneridge by 1.1% in the third quarter. Vanguard Group Inc. now owns 1,416,912 shares of the auto parts company’s stock valued at $28,437,000 after acquiring an additional 15,478 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Stoneridge by 1.4% in the second quarter. State Street Corp now owns 611,308 shares of the auto parts company’s stock valued at $11,523,000 after acquiring an additional 8,275 shares during the last quarter. Institutional investors own 98.07% of the company’s stock.

Stoneridge Price Performance

Shares of NYSE:SRI traded up $0.26 during trading on Friday, reaching $15.61. The stock had a trading volume of 98,497 shares, compared to its average volume of 96,054. Stoneridge, Inc. has a 52 week low of $14.18 and a 52 week high of $24.51. The business’s 50-day moving average price is $17.34 and its 200 day moving average price is $17.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.41 and a quick ratio of 1.36. The stock has a market capitalization of $431.93 million, a PE ratio of -82.15 and a beta of 1.39.

Stoneridge (NYSE:SRI) last issued its quarterly earnings results on Wednesday, February 28th. The auto parts company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $229.50 million during the quarter, compared to analyst estimates of $234.20 million. Stoneridge had a negative net margin of 0.53% and a negative return on equity of 0.72%. Stoneridge’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 earnings per share. As a group, equities analysts predict that Stoneridge, Inc. will post 0.3 earnings per share for the current year.

Insider Activity at Stoneridge

In related news, Director Kim Korth sold 7,745 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $16.49, for a total value of $127,715.05. Following the completion of the sale, the director now owns 73,227 shares of the company’s stock, valued at $1,207,513.23. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Stoneridge from a “buy” rating to a “hold” rating in a research note on Friday, March 1st.

Stoneridge 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.