Public Employees Retirement System of Ohio Sells 2,521 Shares of Stoneridge, Inc. (NYSE:SRI)

Public Employees Retirement System of Ohio reduced its stake in Stoneridge, Inc. (NYSE:SRI) by 14.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,476 shares of the auto parts company’s stock after selling 2,521 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.05% of Stoneridge worth $291,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in Stoneridge by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 415,585 shares of the auto parts company’s stock valued at $8,341,000 after acquiring an additional 4,365 shares during the last quarter. Hsbc Holdings PLC bought a new stake in Stoneridge in the 3rd quarter valued at $227,000. Barclays PLC increased its holdings in Stoneridge by 7.0% in the 3rd quarter. Barclays PLC now owns 16,857 shares of the auto parts company’s stock valued at $338,000 after acquiring an additional 1,105 shares during the last quarter. Roubaix Capital LLC bought a new stake in Stoneridge in the 3rd quarter valued at $2,529,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Stoneridge in the 3rd quarter worth about $690,000. 98.07% of the stock is currently owned by institutional investors.

Insider Transactions at Stoneridge

In other news, Director Kim Korth sold 7,745 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $16.49, for a total value of $127,715.05. Following the completion of the sale, the director now owns 73,227 shares of the company’s stock, valued at approximately $1,207,513.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.90% of the company’s stock.

Analysts Set New Price Targets

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

Stoneridge Stock Performance

Stoneridge stock opened at $17.90 on Thursday. Stoneridge, Inc. has a twelve month low of $14.18 and a twelve month high of $24.51. The company has a quick ratio of 1.36, a current ratio of 2.41 and a debt-to-equity ratio of 0.66. The company’s 50-day moving average price is $17.74 and its 200-day moving average price is $17.77. The company has a market cap of $493.15 million, a PE ratio of -94.21 and a beta of 1.38.

Stoneridge (NYSE:SRI) last released its quarterly earnings results on Wednesday, February 28th. The auto parts company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $229.50 million during the quarter, compared to analysts’ expectations of $234.20 million. Stoneridge had a negative net margin of 0.53% and a negative return on equity of 0.72%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 EPS. On average, equities research analysts forecast that Stoneridge, Inc. will post 0.35 EPS for the current fiscal year.

Stoneridge Company Profile

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.