Dynamic Technology Lab Private Ltd Has $300,000 Position in Stoneridge, Inc. (NYSE:SRI)

Dynamic Technology Lab Private Ltd cut its position in Stoneridge, Inc. (NYSE:SRI) by 32.8% during the 4th quarter, HoldingsChannel reports. The firm owned 47,825 shares of the auto parts company’s stock after selling 23,391 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Stoneridge were worth $300,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp increased its position in shares of Stoneridge by 1.9% in the 3rd quarter. State Street Corp now owns 628,981 shares of the auto parts company’s stock valued at $7,038,000 after buying an additional 11,929 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Stoneridge by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 619,028 shares of the auto parts company’s stock worth $3,882,000 after acquiring an additional 2,543 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Stoneridge in the fourth quarter worth about $2,180,000. American Century Companies Inc. raised its position in shares of Stoneridge by 5.8% during the fourth quarter. American Century Companies Inc. now owns 320,487 shares of the auto parts company’s stock worth $2,009,000 after purchasing an additional 17,446 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Stoneridge by 380.6% during the 4th quarter. JPMorgan Chase & Co. now owns 272,460 shares of the auto parts company’s stock valued at $1,708,000 after purchasing an additional 215,764 shares in the last quarter. 98.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on SRI. StockNews.com raised Stoneridge from a “hold” rating to a “buy” rating in a research note on Saturday, March 29th. Barrington Research reissued an “outperform” rating and set a $16.00 price objective on shares of Stoneridge in a research report on Tuesday, March 4th.

Stoneridge Stock Performance

Shares of Stoneridge stock opened at $3.79 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.44 and a quick ratio of 1.40. The firm has a market cap of $104.83 million, a price-to-earnings ratio of -14.02 and a beta of 1.26. The stock’s 50-day moving average is $4.69 and its 200-day moving average is $6.38. Stoneridge, Inc. has a one year low of $3.54 and a one year high of $18.40.

Stoneridge (NYSE:SRI) last released 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). Stoneridge had a negative net margin of 0.81% and a negative return on equity of 0.42%. The firm had revenue of $218.20 million during the quarter, compared to the consensus estimate of $207.61 million. Equities analysts predict that Stoneridge, Inc. will post -0.42 earnings per share for the current fiscal year.

About Stoneridge

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.