MetLife Investment Advisors LLC Invests $313,000 in Stoneridge, Inc. (SRI) Stock
MetLife Investment Advisors LLC purchased a new stake in Stoneridge, Inc. (NYSE:SRI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,705 shares of the auto parts company’s stock, valued at approximately $313,000.
A number of other hedge funds also recently made changes to their positions in SRI. Macquarie Group Ltd. acquired a new stake in Stoneridge in the 4th quarter valued at $160,000. Teacher Retirement System of Texas acquired a new stake in Stoneridge in the 4th quarter valued at $213,000. GW&K Investment Management LLC acquired a new stake in Stoneridge in the 4th quarter valued at $222,000. UBS Asset Management Americas Inc. acquired a new stake in Stoneridge in the 4th quarter valued at $222,000. Finally, Aperio Group LLC acquired a new stake in Stoneridge in the 4th quarter valued at $242,000. 90.13% of the stock is currently owned by institutional investors and hedge funds.
Stoneridge stock opened at $26.46 on Friday. The company has a current ratio of 2.23, a quick ratio of 1.69 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $765.37, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 1.62 and a beta of 1.08. Stoneridge, Inc. has a 52 week low of $14.16 and a 52 week high of $30.34.
SRI has been the topic of several recent analyst reports. Stephens raised Stoneridge from an “equal” rating to a “weight” rating in a research note on Tuesday, March 20th. CL King initiated coverage on Stoneridge in a research note on Monday, April 23rd. They issued a “buy” rating and a $34.00 price target on the stock. ValuEngine raised Stoneridge from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Barrington Research initiated coverage on Stoneridge in a research note on Tuesday, April 3rd. They issued an “outperform” rating and a $34.00 price target on the stock. Finally, Zacks Investment Research raised Stoneridge from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Saturday, January 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $29.75.
Stoneridge, Inc designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, motorcycle, off-highway, and agricultural vehicle markets. It operates through three segments: Control Devices, Electronics, and PST. The Control Devices segment provides sensors, switches, valves, and actuators that monitor, measure, or activate specific functions within a vehicle.
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