Insider Buying: Stoneridge, Inc. (NYSE:SRI) CEO Acquires 6,500 Shares of Stock

Stoneridge, Inc. (NYSE:SRI) CEO James Zizelman bought 6,500 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were purchased at an average price of $15.72 per share, with a total value of $102,180.00. Following the completion of the acquisition, the chief executive officer now owns 6,500 shares of the company’s stock, valued at approximately $102,180. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Stoneridge Trading Up 1.5 %

Stoneridge stock traded up $0.24 during mid-day trading on Wednesday, reaching $15.81. 77,662 shares of the company traded hands, compared to its average volume of 105,735. The firm’s 50 day moving average price is $16.60 and its 200 day moving average price is $17.26. Stoneridge, Inc. has a 52-week low of $14.18 and a 52-week high of $24.51. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.39 and a quick ratio of 1.40. The firm has a market capitalization of $437.48 million, a price-to-earnings ratio of -111.21 and a beta of 1.41.

Stoneridge (NYSE:SRI) last issued its quarterly earnings data on Wednesday, May 1st. The auto parts company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.05). Stoneridge had a positive return on equity of 0.84% and a negative net margin of 0.41%. The company had revenue of $239.20 million during the quarter, compared to analysts’ expectations of $223.20 million. During the same quarter last year, the business earned ($0.25) earnings per share. The business’s quarterly revenue was down .9% on a year-over-year basis. On average, analysts anticipate that Stoneridge, Inc. will post 0.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com cut Stoneridge from a “buy” rating to a “hold” rating in a report on Friday, March 1st.

Hedge Funds Weigh In On Stoneridge

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AJOVista LLC purchased a new stake in shares of Stoneridge in the fourth quarter worth $42,000. Gladius Capital Management LP bought a new stake in Stoneridge during the 4th quarter valued at about $76,000. New York State Common Retirement Fund raised its holdings in Stoneridge by 34.7% in the third quarter. New York State Common Retirement Fund now owns 10,254 shares of the auto parts company’s stock worth $206,000 after buying an additional 2,644 shares during the last quarter. Hsbc Holdings PLC bought a new position in shares of Stoneridge in the third quarter worth approximately $227,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Stoneridge by 28.0% during the first quarter. BNP Paribas Financial Markets now owns 13,068 shares of the auto parts company’s stock valued at $241,000 after buying an additional 2,861 shares during the last quarter. Hedge funds and other institutional investors own 98.07% of the company’s stock.

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.