Disciplined Growth Investors Inc. MN Grows Stake in Stoneridge, Inc. (NYSE:SRI)

Disciplined Growth Investors Inc. MN raised its stake in shares of Stoneridge, Inc. (NYSE:SRI) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,196 shares of the auto parts company’s stock after purchasing an additional 7,267 shares during the period. Disciplined Growth Investors Inc. MN’s holdings in Stoneridge were worth $2,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Thrivent Financial for Lutherans raised its holdings in Stoneridge by 0.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,035,643 shares of the auto parts company’s stock valued at $33,969,000 after buying an additional 24,548 shares during the period. Royce & Associates LP increased its position in Stoneridge by 12.3% during the third quarter. Royce & Associates LP now owns 1,357,043 shares of the auto parts company’s stock valued at $15,185,000 after acquiring an additional 148,461 shares during the last quarter. State Street Corp raised its stake in shares of Stoneridge by 1.9% in the third quarter. State Street Corp now owns 628,981 shares of the auto parts company’s stock valued at $7,038,000 after acquiring an additional 11,929 shares during the period. EVR Research LP lifted its holdings in shares of Stoneridge by 36.3% in the 2nd quarter. EVR Research LP now owns 545,000 shares of the auto parts company’s stock worth $8,698,000 after acquiring an additional 145,000 shares during the last quarter. Finally, AYAL Capital Advisors Ltd boosted its stake in shares of Stoneridge by 3.4% during the 2nd quarter. AYAL Capital Advisors Ltd now owns 390,393 shares of the auto parts company’s stock worth $6,231,000 after purchasing an additional 12,900 shares during the period. 98.07% of the stock is owned by institutional investors.

Stoneridge Stock Performance

SRI stock opened at $6.55 on Tuesday. Stoneridge, Inc. has a twelve month low of $5.89 and a twelve month high of $19.91. The firm has a market cap of $181.37 million, a price-to-earnings ratio of -24.26 and a beta of 1.35. The business’s fifty day simple moving average is $8.10 and its two-hundred day simple moving average is $12.38. The company has a quick ratio of 1.40, a current ratio of 2.44 and a debt-to-equity ratio of 0.72.

Stoneridge (NYSE:SRI) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.32). Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. The company had revenue of $213.80 million during the quarter, compared to the consensus estimate of $229.60 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. Analysts predict that Stoneridge, Inc. will post -0.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barrington Research reiterated an “outperform” rating and set a $16.00 price target on shares of Stoneridge in a report on Thursday, October 31st. StockNews.com cut Stoneridge from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

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.