Stoneridge, Inc. (NYSE:SRI) Holdings Cut by Mckinley Capital Management LLC Delaware

Mckinley Capital Management LLC Delaware reduced its stake in shares of Stoneridge, Inc. (NYSE:SRI) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,778 shares of the auto parts company’s stock after selling 25,777 shares during the quarter. Mckinley Capital Management LLC Delaware owned 0.74% of Stoneridge worth $4,750,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SRI. NWQ Investment Management Company LLC increased its stake in shares of Stoneridge by 1.7% in the third quarter. NWQ Investment Management Company LLC now owns 2,037,198 shares of the auto parts company’s stock valued at $40,357,000 after buying an additional 33,240 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Stoneridge by 4.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,833,777 shares of the auto parts company’s stock worth $36,327,000 after purchasing an additional 77,601 shares during the period. Royce & Associates LP increased its position in Stoneridge by 0.8% in the third quarter. Royce & Associates LP now owns 1,246,116 shares of the auto parts company’s stock worth $24,686,000 after purchasing an additional 10,379 shares during the period. Renaissance Technologies LLC increased its position in Stoneridge by 33.4% in the second quarter. Renaissance Technologies LLC now owns 835,600 shares of the auto parts company’s stock worth $12,877,000 after purchasing an additional 209,000 shares during the period. Finally, LSV Asset Management increased its position in Stoneridge by 7.2% in the fourth quarter. LSV Asset Management now owns 792,900 shares of the auto parts company’s stock worth $18,125,000 after purchasing an additional 53,200 shares during the period. Hedge funds and other institutional investors own 84.94% of the company’s stock.

Shares of Stoneridge, Inc. (SRI) traded up $0.82 on Wednesday, reaching $23.36. The company’s stock had a trading volume of 70,412 shares, compared to its average volume of 175,084. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.65 and a current ratio of 2.24. Stoneridge, Inc. has a 12-month low of $14.16 and a 12-month high of $26.47. The company has a market capitalization of $640.90, a PE ratio of 8.91 and a beta of 1.30.

A number of analysts recently commented on the company. ValuEngine upgraded Stoneridge from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Stoneridge from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Saturday, January 13th. B. Riley reiterated a “neutral” rating on shares of Stoneridge in a research report on Friday, November 3rd. Finally, KeyCorp reiterated a “hold” rating on shares of Stoneridge in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $24.50.

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Stoneridge Profile

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.

Institutional Ownership by Quarter for Stoneridge (NYSE:SRI)

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