Stoneridge, Inc. (NYSE:SRI) Holdings Raised by XTX Topco Ltd

XTX Topco Ltd increased its stake in Stoneridge, Inc. (NYSE:SRI) by 545.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,592 shares of the auto parts company’s stock after purchasing an additional 75,719 shares during the quarter. XTX Topco Ltd owned approximately 0.32% of Stoneridge worth $562,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Stoneridge in the fourth quarter worth about $2,180,000. JPMorgan Chase & Co. lifted its position in shares of Stoneridge by 380.6% in the 4th quarter. JPMorgan Chase & Co. now owns 272,460 shares of the auto parts company’s stock valued at $1,708,000 after acquiring an additional 215,764 shares in the last quarter. Trexquant Investment LP boosted its stake in Stoneridge by 383.4% in the 4th quarter. Trexquant Investment LP now owns 224,193 shares of the auto parts company’s stock worth $1,406,000 after purchasing an additional 177,814 shares during the period. Renaissance Technologies LLC grew its position in Stoneridge by 230.8% during the 4th quarter. Renaissance Technologies LLC now owns 246,100 shares of the auto parts company’s stock worth $1,543,000 after purchasing an additional 171,700 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Stoneridge during the 4th quarter valued at $414,000. Institutional investors and hedge funds own 98.07% of the company’s stock.

Stoneridge Trading Up 0.7 %

Stoneridge stock opened at $3.80 on Friday. Stoneridge, Inc. has a 12 month low of $3.54 and a 12 month high of $18.40. The company has a quick ratio of 1.40, a current ratio of 2.44 and a debt-to-equity ratio of 0.72. The stock has a market cap of $105.67 million, a P/E ratio of -14.06 and a beta of 1.26. The company’s fifty day simple moving average is $4.60 and its 200-day simple moving average is $6.08.

Stoneridge (NYSE:SRI) last issued its earnings results on Wednesday, February 26th. The auto parts company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.36). The firm had revenue of $218.20 million during the quarter, compared to analyst estimates of $207.61 million. Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. As a group, sell-side analysts forecast that Stoneridge, Inc. will post -0.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on SRI shares. Barrington Research reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Stoneridge in a research report on Tuesday, March 4th. StockNews.com upgraded Stoneridge from a “hold” rating to a “buy” rating in a report on Saturday, March 29th.

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.