Stoneridge, Inc. (SRI) Holdings Lowered by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY cut its position in Stoneridge, Inc. (NYSE:SRI) by 51.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,620 shares of the auto parts company’s stock after selling 10,289 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Stoneridge were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Geode Capital Management LLC increased its position in shares of Stoneridge by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 217,360 shares of the auto parts company’s stock valued at $4,968,000 after purchasing an additional 2,387 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Stoneridge by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 296,306 shares of the auto parts company’s stock valued at $6,775,000 after purchasing an additional 2,672 shares during the last quarter. First Trust Advisors LP increased its position in shares of Stoneridge by 13.3% in the 4th quarter. First Trust Advisors LP now owns 23,955 shares of the auto parts company’s stock valued at $548,000 after purchasing an additional 2,815 shares during the last quarter. Brandywine Global Investment Management LLC increased its position in shares of Stoneridge by 18.0% in the 4th quarter. Brandywine Global Investment Management LLC now owns 20,086 shares of the auto parts company’s stock valued at $460,000 after purchasing an additional 3,064 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Stoneridge by 3.6% in the 4th quarter. Alliancebernstein L.P. now owns 101,500 shares of the auto parts company’s stock valued at $2,320,000 after buying an additional 3,570 shares during the last quarter. 90.13% of the stock is currently owned by institutional investors.

NYSE SRI opened at $27.16 on Thursday. The company has a current ratio of 2.23, a quick ratio of 1.69 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $796.65, a P/E ratio of 17.30, a P/E/G ratio of 1.69 and a beta of 1.08. Stoneridge, Inc. has a 12 month low of $14.16 and a 12 month high of $30.34.

Stoneridge (NYSE:SRI) last posted its earnings results on Wednesday, February 28th. The auto parts company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.05. Stoneridge had a net margin of 5.48% and a return on equity of 20.36%. The firm had revenue of $207.40 million for the quarter, compared to the consensus estimate of $206.50 million. During the same period last year, the firm posted $0.34 EPS. The company’s revenue was up 20.2% on a year-over-year basis. research analysts forecast that Stoneridge, Inc. will post 1.97 EPS for the current fiscal year.

A number of research firms recently commented on SRI. CL King began coverage on shares of Stoneridge in a research report on Monday. They issued a “buy” rating and a $34.00 target price on the stock. Barrington Research began coverage on shares of Stoneridge in a research report on Tuesday, April 3rd. They issued an “outperform” rating and a $34.00 target price on the stock. Stephens raised shares of Stoneridge from an “equal” rating to a “weight” rating in a research report on Tuesday, March 20th. B. Riley increased their target price on shares of Stoneridge from $21.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, March 6th. Finally, Zacks Investment Research raised shares of Stoneridge from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $29.75.

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Stoneridge Company Profile

Stoneridge, Inc designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, motorcycle, off-highway, and agricultural vehicle markets. It operates through three segments: Control Devices, Electronics, and PST. The Control Devices segment provides sensors, switches, valves, and actuators that monitor, measure, or activate specific functions within a vehicle.

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Institutional Ownership by Quarter for Stoneridge (NYSE:SRI)

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