Stoneridge, Inc. (NYSE:SRI) CEO James Zizelman Buys 6,500 Shares

Stoneridge, Inc. (NYSE:SRI) CEO James Zizelman acquired 6,500 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were bought at an average price of $15.72 per share, with a total value of $102,180.00. Following the completion of the purchase, the chief executive officer now owns 6,500 shares in the company, valued at $102,180. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Stoneridge Price Performance

Shares of NYSE:SRI opened at $15.78 on Thursday. The firm’s 50 day moving average is $16.55 and its two-hundred day moving average is $17.25. The firm has a market capitalization of $436.65 million, a P/E ratio of -112.71 and a beta of 1.41. The company has a current ratio of 2.39, a quick ratio of 1.40 and a debt-to-equity ratio of 0.70. Stoneridge, Inc. has a 52 week low of $14.18 and a 52 week high of $24.51.

Stoneridge (NYSE:SRI) last posted its earnings results on Wednesday, May 1st. The auto parts company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.05). Stoneridge had a negative net margin of 0.41% and a positive return on equity of 0.84%. The business had revenue of $239.20 million during the quarter, compared to analyst estimates of $223.20 million. During the same quarter in the prior year, the business earned ($0.25) earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. Analysts anticipate that Stoneridge, Inc. will post 0.3 earnings per share for the current year.

Institutional Investors Weigh In On Stoneridge

A number of hedge funds and other institutional investors have recently modified their holdings of SRI. AJOVista LLC acquired a new stake in shares of Stoneridge in the fourth quarter valued at $42,000. Gladius Capital Management LP bought a new stake in Stoneridge in the fourth quarter worth about $76,000. New York State Common Retirement Fund lifted its holdings in Stoneridge by 34.7% in the 3rd quarter. New York State Common Retirement Fund now owns 10,254 shares of the auto parts company’s stock valued at $206,000 after acquiring an additional 2,644 shares during the last quarter. Hsbc Holdings PLC bought a new position in shares of Stoneridge during the 3rd quarter valued at about $227,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of Stoneridge in the 1st quarter worth approximately $238,000. 98.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

About Stoneridge

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.