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.

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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.

About Stoneridge

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.

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