Cooke & Bieler LP Has $8.86 Million Holdings in Stoneridge, Inc. (NYSE:SRI)

Cooke & Bieler LP cut its position in shares of Stoneridge, Inc. (NYSE:SRI) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,412,994 shares of the auto parts company’s stock after selling 70,507 shares during the period. Cooke & Bieler LP owned 5.10% of Stoneridge worth $8,859,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SRI. Rhumbline Advisers lifted its holdings in Stoneridge by 4.9% in the 4th quarter. Rhumbline Advisers now owns 48,478 shares of the auto parts company’s stock worth $304,000 after purchasing an additional 2,274 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Stoneridge by 65.2% during the fourth quarter. US Bancorp DE now owns 6,791 shares of the auto parts company’s stock worth $43,000 after buying an additional 2,679 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of Stoneridge by 25.7% during the third quarter. XTX Topco Ltd now owns 13,873 shares of the auto parts company’s stock worth $155,000 after buying an additional 2,833 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Stoneridge by 2.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 178,248 shares of the auto parts company’s stock valued at $1,995,000 after purchasing an additional 3,748 shares during the period. Finally, Quarry LP bought a new stake in shares of Stoneridge during the third quarter valued at approximately $44,000. Institutional investors own 98.07% of the company’s stock.

Stoneridge Price Performance

Shares of SRI stock opened at $5.17 on Tuesday. The stock’s fifty day moving average is $5.16 and its 200-day moving average is $7.75. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 2.44. The stock has a market capitalization of $143.04 million, a PE ratio of -19.13 and a beta of 1.27. Stoneridge, Inc. has a 52 week low of $4.11 and a 52 week high of $18.57.

Stoneridge (NYSE:SRI) last announced its earnings results on Wednesday, February 26th. The auto parts company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.36). The business had revenue of $218.20 million for the quarter, compared to the consensus estimate of $207.61 million. Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. Equities research analysts expect that Stoneridge, Inc. will post -0.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SRI shares. StockNews.com cut Stoneridge from a “buy” rating to a “hold” rating in a research report on Saturday. Barrington Research reiterated an “outperform” rating and issued a $16.00 price target on shares of Stoneridge in a research report on Tuesday, March 4th.

Stoneridge Company 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.