Systematic Financial Management LP cut its stake in shares of Stoneridge, Inc. (NYSE:SRI) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 426,389 shares of the auto parts company’s stock after selling 6,158 shares during the quarter. Systematic Financial Management LP owned approximately 1.51% of Stoneridge worth $9,747,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Teacher Retirement System of Texas bought a new position in shares of Stoneridge during the fourth quarter valued at approximately $213,000. UBS Asset Management Americas Inc. bought a new position in shares of Stoneridge during the fourth quarter valued at approximately $222,000. GW&K Investment Management LLC bought a new position in shares of Stoneridge during the fourth quarter valued at approximately $222,000. Highbridge Capital Management LLC bought a new position in shares of Stoneridge during the third quarter valued at approximately $206,000. Finally, Aperio Group LLC bought a new position in shares of Stoneridge during the fourth quarter valued at approximately $242,000. 84.94% of the stock is owned by institutional investors.
A number of brokerages recently issued reports on SRI. Zacks Investment Research raised Stoneridge from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective for the company in a report on Friday, February 9th. ValuEngine raised Stoneridge from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. KeyCorp reissued a “hold” rating on shares of Stoneridge in a report on Friday, November 17th. Finally, B. Riley reissued a “neutral” rating on shares of Stoneridge in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $24.50.
Stoneridge, Inc. (NYSE SRI) opened at $23.12 on Thursday. Stoneridge, Inc. has a fifty-two week low of $14.16 and a fifty-two week high of $26.47. The stock has a market capitalization of $634.98, a P/E ratio of 15.03 and a beta of 1.30. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.24 and a quick ratio of 1.65.
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Stoneridge Company Profile
Stoneridge, Inc is a designer and manufacturer of engineered electrical and electronic components, modules and systems for the automotive, commercial, motorcycle, off-highway and agricultural vehicle markets. The Company operates through three segments: Control Devices, Electronics and PST. The Company’s Control Devices segment designs and manufactures products that monitor, measure or activate specific functions within a vehicle and includes product lines, such as sensors, switches, valves, and actuators.
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