Stoneridge, Inc. $SRI Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in Stoneridge, Inc. (NYSE:SRI) by 73.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 26,571 shares of the auto parts company’s stock after selling 72,531 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Stoneridge were worth $203,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SRI. Strs Ohio bought a new stake in shares of Stoneridge during the first quarter valued at about $39,000. Catalyst Funds Management Pty Ltd acquired a new position in Stoneridge during the 2nd quarter valued at about $70,000. R Squared Ltd bought a new stake in shares of Stoneridge during the 2nd quarter worth about $80,000. Savant Capital LLC acquired a new stake in shares of Stoneridge in the 2nd quarter worth approximately $87,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Stoneridge by 211.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,485 shares of the auto parts company’s stock worth $95,000 after acquiring an additional 9,149 shares during the period. 98.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SRI shares. Barrington Research reissued an “outperform” rating and set a $16.00 target price on shares of Stoneridge in a report on Monday, November 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Stoneridge in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $16.00.

Stoneridge Stock Performance

SRI opened at $8.83 on Thursday. The company has a quick ratio of 1.33, a current ratio of 2.13 and a debt-to-equity ratio of 0.68. The firm has a market cap of $247.42 million, a PE ratio of -7.61 and a beta of 1.51. The business has a fifty day simple moving average of $6.67 and a 200-day simple moving average of $6.99. Stoneridge, Inc. has a fifty-two week low of $3.54 and a fifty-two week high of $9.71.

Stoneridge Profile

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.