Stoneridge’s (SRI) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reissued their outperform rating on shares of Stoneridge (NYSE:SRI) in a report published on Monday,Benzinga reports. The firm currently has a $16.00 price target on the auto parts company’s stock.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stoneridge in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $16.00.

Stoneridge Price Performance

SRI opened at $6.91 on Monday. The firm has a market cap of $193.38 million, a P/E ratio of -6.39 and a beta of 1.57. The firm has a 50-day moving average of $7.55 and a 200 day moving average of $6.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.35 and a current ratio of 2.14. Stoneridge has a fifty-two week low of $3.54 and a fifty-two week high of $9.10.

Stoneridge (NYSE:SRI) last released its quarterly earnings data on Wednesday, November 5th. The auto parts company reported ($0.18) EPS for the quarter. Stoneridge had a negative net margin of 3.39% and a negative return on equity of 9.24%. Stoneridge has set its FY 2025 guidance at EPS. On average, research analysts expect that Stoneridge will post -0.42 EPS for the current year.

Institutional Investors Weigh In On Stoneridge

Institutional investors and hedge funds have recently bought and sold shares of the stock. 22NW LP raised its stake in shares of Stoneridge by 19.4% during the second quarter. 22NW LP now owns 1,943,508 shares of the auto parts company’s stock worth $13,682,000 after acquiring an additional 315,855 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Stoneridge by 50.4% during the second quarter. Federated Hermes Inc. now owns 1,062,490 shares of the auto parts company’s stock worth $7,480,000 after acquiring an additional 356,143 shares in the last quarter. Millennium Management LLC raised its stake in shares of Stoneridge by 3.0% during the first quarter. Millennium Management LLC now owns 954,577 shares of the auto parts company’s stock worth $4,382,000 after acquiring an additional 28,037 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Stoneridge by 26.6% during the second quarter. Acadian Asset Management LLC now owns 751,764 shares of the auto parts company’s stock worth $5,285,000 after acquiring an additional 158,147 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Stoneridge by 29.7% during the second quarter. AQR Capital Management LLC now owns 691,962 shares of the auto parts company’s stock worth $4,871,000 after acquiring an additional 158,492 shares in the last quarter. 98.07% of the stock is owned by hedge funds and other institutional investors.

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.