AYAL Capital Advisors Ltd Acquires 12,900 Shares of Stoneridge, Inc. (NYSE:SRI)

AYAL Capital Advisors Ltd raised its holdings in shares of Stoneridge, Inc. (NYSE:SRI) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 390,393 shares of the auto parts company’s stock after acquiring an additional 12,900 shares during the period. Stoneridge makes up 2.4% of AYAL Capital Advisors Ltd’s holdings, making the stock its 14th largest position. AYAL Capital Advisors Ltd’s holdings in Stoneridge were worth $6,231,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SRI. Squarepoint Ops LLC acquired a new stake in shares of Stoneridge during the second quarter worth $330,000. XTX Topco Ltd acquired a new position in shares of Stoneridge during the 2nd quarter worth about $176,000. Hsbc Holdings PLC increased its stake in shares of Stoneridge by 51.4% in the 2nd quarter. Hsbc Holdings PLC now owns 23,575 shares of the auto parts company’s stock valued at $372,000 after acquiring an additional 8,007 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Stoneridge by 17.3% in the 2nd quarter. American Century Companies Inc. now owns 160,184 shares of the auto parts company’s stock valued at $2,557,000 after acquiring an additional 23,569 shares during the last quarter. Finally, Cowen AND Company LLC bought a new stake in Stoneridge in the second quarter valued at approximately $2,234,000. Institutional investors own 98.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on SRI shares. Stephens assumed coverage on shares of Stoneridge in a research report on Monday, July 8th. They issued an “overweight” rating for the company. StockNews.com raised Stoneridge from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th.

Stoneridge Price Performance

Shares of SRI stock opened at $11.76 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.31 and a current ratio of 2.27. Stoneridge, Inc. has a 52 week low of $11.67 and a 52 week high of $20.26. The company’s 50 day moving average price is $14.26 and its two-hundred day moving average price is $15.47.

Stoneridge (NYSE:SRI) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.19. The company had revenue of $237.10 million during the quarter, compared to the consensus estimate of $242.90 million. Stoneridge had a net margin of 0.19% and a return on equity of 3.03%. The firm’s revenue was down 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. Equities research analysts forecast that Stoneridge, Inc. will post 0.13 earnings per share for the current year.

Stoneridge 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.