Scott Randall Humphrey Buys 6,000 Shares of Stoneridge (NYSE:SRI) Stock

Stoneridge, Inc. (NYSE:SRI) CFO Scott Randall Humphrey purchased 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were acquired at an average cost of $7.01 per share, with a total value of $42,060.00. Following the completion of the transaction, the chief financial officer owned 6,000 shares in the company, valued at $42,060. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Stoneridge Stock Performance

Shares of SRI stock opened at $7.27 on Thursday. The firm has a market capitalization of $207.34 million, a P/E ratio of -1.71 and a beta of 1.85. Stoneridge, Inc. has a 12 month low of $4.60 and a 12 month high of $9.71. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.89 and a quick ratio of 1.27. The company’s fifty day moving average price is $7.23 and its two-hundred day moving average price is $7.05.

Stoneridge (NYSE:SRI) last announced its quarterly earnings data on Wednesday, August 5th. The auto parts company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.26). Stoneridge had a negative return on equity of 24.91% and a negative net margin of 15.64%.The company had revenue of $181.38 million for the quarter, compared to analyst estimates of $161.85 million. On average, research analysts anticipate that Stoneridge, Inc. will post -0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stoneridge

A number of hedge funds have recently modified their holdings of SRI. AQR Capital Management LLC increased its holdings in Stoneridge by 213.7% during the 1st quarter. AQR Capital Management LLC now owns 533,470 shares of the auto parts company’s stock valued at $2,449,000 after purchasing an additional 363,407 shares in the last quarter. Millennium Management LLC lifted its position in Stoneridge by 3.0% during the 1st quarter. Millennium Management LLC now owns 954,577 shares of the auto parts company’s stock valued at $4,382,000 after purchasing an additional 28,037 shares during the period. Goldman Sachs Group Inc. boosted its stake in Stoneridge by 55.9% in the first quarter. Goldman Sachs Group Inc. now owns 490,160 shares of the auto parts company’s stock valued at $2,250,000 after acquiring an additional 175,736 shares during the last quarter. Strs Ohio acquired a new stake in shares of Stoneridge during the first quarter worth $39,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Stoneridge by 25.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 614,538 shares of the auto parts company’s stock valued at $4,326,000 after acquiring an additional 122,897 shares during the last quarter. 98.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SRI has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Stoneridge in a research report on Wednesday, June 24th. Zacks Research raised Stoneridge from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $16.00.

About Stoneridge

Stoneridge, Inc (NYSE: SRI) is a global developer and manufacturer of highly engineered electrical and electronic components for the automotive and commercial vehicle markets. The company’s product offerings span a range of safety, convenience and control systems, delivering tailored solutions that help original equipment manufacturers (OEMs) meet increasingly stringent regulatory and performance requirements.

Among Stoneridge’s core products are rearview and side-view mirror systems, camera-based advanced driver assistance systems (ADAS) and interior and exterior lighting solutions.