Could Stoneridge, Inc. (SRI) Lose its Strength? The Stock Reaches 52-Week High

May 17, 2018 - By James Guidry

Stoneridge, Inc. (NYSE:SRI) Logo

Investors sentiment decreased to 1.11 in 2017 Q4. Its down 0.25, from 1.36 in 2017Q3. It dived, as 15 investors sold Stoneridge, Inc. shares while 47 reduced holdings. 26 funds opened positions while 43 raised stakes. 24.51 million shares or 1.25% more from 24.21 million shares in 2017Q3 were reported.
Zurcher Kantonalbank (Zurich Cantonalbank) holds 3,883 shares. Nwq Inv Management Ltd Liability Com has invested 0.5% in Stoneridge, Inc. (NYSE:SRI). Moreover, Wms Prns Ltd Liability Company has 0.04% invested in Stoneridge, Inc. (NYSE:SRI) for 15,600 shares. Moreover, Envestnet Asset Management has 0% invested in Stoneridge, Inc. (NYSE:SRI) for 9,993 shares. Vanguard Grp Incorporated owns 1.17M shares. State Teachers Retirement Systems holds 0% or 2,300 shares. Panagora Asset Mngmt Incorporated holds 0.02% or 253,319 shares in its portfolio. Federated Invsts Pa stated it has 91,363 shares. Caprock owns 10,185 shares. Virtu Financial Limited Liability holds 0.03% of its portfolio in Stoneridge, Inc. (NYSE:SRI) for 21,938 shares. Moreover, D E Shaw And Com Inc has 0% invested in Stoneridge, Inc. (NYSE:SRI) for 107,121 shares. Blackrock accumulated 2.03M shares or 0% of the stock. Ny State Common Retirement Fund owns 28,000 shares. Hcsf Mngmt Ltd Liability Corp reported 3.15% in Stoneridge, Inc. (NYSE:SRI). Bogle Inv Mgmt Limited Partnership De reported 59,447 shares stake.

Since May 8, 2018, it had 0 insider buys, and 1 insider sale for $178,099 activity.

The stock of Stoneridge, Inc. (NYSE:SRI) hit a new 52-week high and has $33.21 target or 5.00 % above today’s $31.63 share price. The 9 months bullish chart indicates low risk for the $900.68 million company. The 1-year high was reported on May, 17 by If the $33.21 price target is reached, the company will be worth $45.03 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.16% or $0.05 during the last trading session, reaching $31.63. About 260,944 shares traded. Stoneridge, Inc. (NYSE:SRI) has risen 51.86% since May 17, 2017 and is uptrending. It has outperformed by 40.31% the S&P500.

Analysts await Stoneridge, Inc. (NYSE:SRI) to report earnings on August, 1. They expect $0.55 EPS, up 30.95 % or $0.13 from last year’s $0.42 per share. SRI’s profit will be $15.66M for 14.38 P/E if the $0.55 EPS becomes a reality. After $0.50 actual EPS reported by Stoneridge, Inc. for the previous quarter, Wall Street now forecasts 10.00 % EPS growth.

Stoneridge, Inc. (NYSE:SRI) Ratings Coverage

Among 6 analysts covering Stoneridge (NYSE:SRI), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Stoneridge had 7 analyst reports since January 4, 2018 according to SRatingsIntel. The company was initiated on Monday, April 23 by C.L. King. On Tuesday, March 20 the stock rating was upgraded by Stephens to “Overweight”. The stock of Stoneridge, Inc. (NYSE:SRI) has “Buy” rating given on Tuesday, March 6 by B. Riley & Co. On Thursday, March 1 the stock rating was maintained by FBR Capital with “Hold”. The stock has “Hold” rating by FBR Capital on Thursday, January 4.

More recent Stoneridge, Inc. (NYSE:SRI) news were published by: which released: “Stoneridge, Inc. 2018 Q1 – Results – Earnings Call Slides” on May 03, 2018. Also published the news titled: “Stoneridge’s (SRI) CEO Jon DeGaynor on Q1 2018 Results – Earnings Call Transcript” on May 03, 2018.‘s news article titled: “Stoneridge (SRI) Tops Q1 EPS by 2c, Raises FY Guidance” with publication date: May 02, 2018 was also an interesting one.

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 $900.68 million. It operates through three divisions: Control Devices, Electronics, and PST. It has a 20.15 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.

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

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