Stoneridge, Inc. (SRI) Insider Sells $121,480.58 in Stock
Stoneridge, Inc. (NYSE:SRI) insider Robert J. Jr. Hartman sold 7,358 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $16.51, for a total transaction of $121,480.58. Following the completion of the sale, the insider now owns 37,281 shares in the company, valued at $615,509.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Stoneridge, Inc. (NYSE SRI) traded up 1.21% during mid-day trading on Friday, reaching $16.77. 122,062 shares of the company were exchanged. The firm has a market capitalization of $472.39 million, a PE ratio of 6.21 and a beta of 1.33. The company’s 50 day moving average price is $16.18 and its 200 day moving average price is $16.80. Stoneridge, Inc. has a 12 month low of $13.42 and a 12 month high of $20.82.
Stoneridge (NYSE:SRI) last released its earnings results on Wednesday, August 2nd. The auto parts company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.10. The business had revenue of $209.10 million for the quarter, compared to the consensus estimate of $202.45 million. Stoneridge had a net margin of 10.12% and a return on equity of 22.52%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. Equities analysts anticipate that Stoneridge, Inc. will post $1.46 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its position in shares of Stoneridge by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 112,389 shares of the auto parts company’s stock worth $1,732,000 after acquiring an additional 627 shares in the last quarter. Horizon Investment Services LLC grew its position in Stoneridge by 0.6% during the second quarter. Horizon Investment Services LLC now owns 110,869 shares of the auto parts company’s stock valued at $1,708,000 after purchasing an additional 713 shares in the last quarter. Legal & General Group Plc grew its position in Stoneridge by 12.2% during the first quarter. Legal & General Group Plc now owns 7,077 shares of the auto parts company’s stock valued at $128,000 after purchasing an additional 772 shares in the last quarter. Alliancebernstein L.P. grew its position in Stoneridge by 0.8% during the first quarter. Alliancebernstein L.P. now owns 109,790 shares of the auto parts company’s stock valued at $1,992,000 after purchasing an additional 900 shares in the last quarter. Finally, American International Group Inc. grew its position in Stoneridge by 7.0% during the first quarter. American International Group Inc. now owns 16,522 shares of the auto parts company’s stock valued at $300,000 after purchasing an additional 1,087 shares in the last quarter. 87.83% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently commented on SRI. B. Riley reiterated a “buy” rating and issued a $22.00 price target on shares of Stoneridge in a research report on Saturday, May 13th. Zacks Investment Research upgraded shares of Stoneridge from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub lowered shares of Stoneridge from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Finally, ValuEngine upgraded shares of Stoneridge from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $18.67.
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.
Receive News & Ratings for Stoneridge Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stoneridge Inc. and related companies with MarketBeat.com's FREE daily email newsletter.