Stoneridge Inc (NYSE:SRI) Institutional Investors Q1 2019 Sentiment

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Sentiment for Stoneridge Inc (NYSE:SRI)

Stoneridge Inc (NYSE:SRI) institutional sentiment increased to 0.89 in Q1 2019. Its up 0.20, from 0.69 in 2018Q4. The ratio has increased, as 62 investment managers started new and increased positions, while 70 trimmed and sold holdings in Stoneridge Inc. The investment managers in our partner’s database now possess: 26.30 million shares, down from 26.31 million shares in 2018Q4. Also, the number of investment managers holding Stoneridge Inc in their top 10 positions decreased from 1 to 0 for a decrease of 1. Sold All: 13 Reduced: 57 Increased: 38 New Position: 24.

Stoneridge, Inc. designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, motorcycle, off-highway, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company has market cap of $905.61 million. It operates through three divisions: Control Devices, Electronics, and PST. It has a 18.35 P/E ratio. The Control Devices segment provides sensors, switches, valves, and actuators, as well as other electronic products that monitors, measures, or activates specific functions within a vehicle; and actuator products that enable original equipment manufacturers to deploy power functions in a vehicle, as well as to integrate switching and control functions.

The stock increased 1.68% or $0.52 during the last trading session, reaching $31.56. About 160,612 shares traded. Stoneridge, Inc. (NYSE:SRI) has declined 4.93% since July 14, 2018 and is downtrending. It has underperformed by 9.36% the S&P500.

Analysts await Stoneridge, Inc. (NYSE:SRI) to report earnings on August, 7. They expect $0.26 EPS, down 52.73 % or $0.29 from last year’s $0.55 per share. SRI’s profit will be $7.46M for 30.35 P/E if the $0.26 EPS becomes a reality. After $0.44 actual EPS reported by Stoneridge, Inc. for the previous quarter, Wall Street now forecasts -40.91 % negative EPS growth.

Pembroke Management Ltd holds 2.58% of its portfolio in Stoneridge, Inc. for 825,290 shares. Cooper Creek Partners Management Llc owns 232,695 shares or 2.29% of their US portfolio. Moreover, Private Capital Management Llc has 2.09% invested in the company for 478,625 shares. The Massachusetts-based Portolan Capital Management Llc has invested 1.47% in the stock. Deroy & Devereaux Private Investment Counsel Inc, a Michigan-based fund reported 473,347 shares.

Stoneridge, Inc. (NYSE:SRI) Ratings Coverage

Ratings analysis reveals 67% of Stoneridge’s analysts are positive. Out of 3 Wall Street analysts rating Stoneridge, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $33 while the high is $40. The stock’s average target of $35.67 is 13.02% above today’s ($31.56) share price. SRI was included in 6 notes of analysts from February 21, 2019. The rating was maintained by Barrington on Tuesday, February 26 with “Buy”. The firm earned “Buy” rating on Monday, March 4 by Barrington. The rating was maintained by Stephens on Friday, March 1 with “Buy”. The stock has “Hold” rating by FBR Capital on Friday, March 1.

More notable recent Stoneridge, Inc. (NYSE:SRI) news were published by: Prnewswire.com which released: “Aon, Oxfam, and Etherisc launch first blockchain-based agricultural insurance policies for smallholder farmers in Sri Lanka – PRNewswire” on July 01, 2019, also Fool.com with their article: “A Potential China Purchase Tax Cut Has Auto Stocks on the Rise Monday – Motley Fool” published on October 29, 2018, Benzinga.com published: “Going Mirrorless: How Soon Until Cameras Replace Traditional Mirrors? – Benzinga” on May 23, 2019. More interesting news about Stoneridge, Inc. (NYSE:SRI) were released by: Finance.Yahoo.com and their article: “Here’s What Hedge Funds Think About Stoneridge, Inc. (SRI) – Yahoo Finance” published on June 19, 2019 as well as Prnewswire.com‘s news article titled: “Stoneridge to Present at Baird’s 2019 Global Consumer, Technology and Services Conference – PRNewswire” with publication date: May 29, 2019.

Stoneridge, Inc. (NYSE:SRI) Institutional Positions Chart

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