Stoneridge (NYSE:SRI) Earns Outperform Rating from Barrington Research

Stoneridge (NYSE:SRI)‘s stock had its “outperform” rating reiterated by stock analysts at Barrington Research in a note issued to investors on Monday,Benzinga reports. They presently have a $16.00 target price on the auto parts company’s stock. Barrington Research’s price target points to a potential upside of 281.32% from the company’s current price.

Separately, StockNews.com lowered shares of Stoneridge from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

Stoneridge Stock Up 0.1 %

SRI stock opened at $4.20 on Monday. Stoneridge has a 1-year low of $4.11 and a 1-year high of $18.85. The business’s 50 day simple moving average is $5.34 and its 200 day simple moving average is $8.35. The company has a current ratio of 2.44, a quick ratio of 1.40 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $116.18 million, a PE ratio of -15.54 and a beta of 1.34.

Hedge Funds Weigh In On Stoneridge

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Hermes Inc. acquired a new position in shares of Stoneridge during the fourth quarter valued at about $25,000. US Bancorp DE boosted its holdings in Stoneridge by 65.2% during the 4th quarter. US Bancorp DE now owns 6,791 shares of the auto parts company’s stock worth $43,000 after acquiring an additional 2,679 shares during the last quarter. Quarry LP bought a new stake in shares of Stoneridge in the 3rd quarter worth $44,000. Quantinno Capital Management LP purchased a new stake in shares of Stoneridge in the fourth quarter valued at about $63,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Stoneridge in the fourth quarter valued at about $74,000. 98.07% of the stock is owned by institutional investors and hedge funds.

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.