Stoneridge (NYSE:SRI) Director William Lasky Buys 5,000 Shares

Stoneridge, Inc. (NYSE:SRI) Director William Lasky purchased 5,000 shares of the stock in a transaction on Friday, June 12th. The shares were purchased at an average cost of $7.46 per share, with a total value of $37,300.00. Following the transaction, the director owned 192,666 shares in the company, valued at $1,437,288.36. This trade represents a 2.66% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Stoneridge Stock Performance

Shares of SRI opened at $7.65 on Friday. The stock has a 50-day moving average of $6.78 and a two-hundred day moving average of $6.61. Stoneridge, Inc. has a one year low of $4.60 and a one year high of $9.71. 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 stock has a market cap of $216.06 million, a P/E ratio of -1.73 and a beta of 1.85.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Stoneridge

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its position in shares of Stoneridge by 113.3% in the first quarter. Bank of America Corp DE now owns 68,896 shares of the auto parts company’s stock valued at $333,000 after buying an additional 36,590 shares in the last quarter. Empowered Funds LLC increased its position in shares of Stoneridge by 174.2% in the first quarter. Empowered Funds LLC now owns 61,880 shares of the auto parts company’s stock valued at $299,000 after buying an additional 39,315 shares in the last quarter. Sei Investments Co. increased its position in shares of Stoneridge by 45.6% in the first quarter. Sei Investments Co. now owns 31,090 shares of the auto parts company’s stock valued at $150,000 after buying an additional 9,732 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Stoneridge in the first quarter valued at approximately $90,000. Finally, Villere ST Denis J & Co. LLC increased its position 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 valued at $145,000 after buying an additional 15,000 shares in the last quarter. 98.07% of the stock is owned by institutional investors and hedge funds.

Stoneridge Company Profile

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.