Nwq Investment Management Company Opened Huge Stoneridge Inc Position

February 13, 2018 - By Ellis Scott

 Nwq Investment Management Company Opened Huge Stoneridge Inc Position

Investors sentiment increased to 1.36 in 2017 Q3. Its up 0.26, from 1.1 in 2017Q2. It increased, as 10 investors sold Stoneridge, Inc. shares while 43 reduced holdings. 21 funds opened positions while 51 raised stakes. 24.21 million shares or 1.42% less from 24.55 million shares in 2017Q2 were reported.

Cornerstone Management Ltd Liability Corp has invested 0.01% of its portfolio in Stoneridge, Inc. (NYSE:SRI). Strs Ohio owns 39,200 shares. Secor Capital L P reported 20,988 shares. State Teachers Retirement Systems accumulated 2,400 shares. 25,500 were accumulated by Pinnacle Associate Ltd. Aqr Cap Mgmt Ltd reported 0.02% of its portfolio in Stoneridge, Inc. (NYSE:SRI). Pdt Partners Limited Liability Company owns 0.04% invested in Stoneridge, Inc. (NYSE:SRI) for 58,576 shares. Swiss Bank & Trust reported 0% of its portfolio in Stoneridge, Inc. (NYSE:SRI). Price T Rowe Associates Md has 0% invested in Stoneridge, Inc. (NYSE:SRI) for 15,659 shares. Bancorp Of New York Mellon has 293,634 shares for 0% of their portfolio. Blackrock accumulated 0% or 1.98 million shares. Citigroup Inc invested in 0% or 42,770 shares. Pnc Finance Svcs Grp invested in 6,384 shares. Numeric Investors Limited Liability Company has 0.1% invested in Stoneridge, Inc. (NYSE:SRI) for 624,911 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Stoneridge, Inc. (NYSE:SRI).

Since August 14, 2017, it had 0 buys, and 1 insider sale for $121,502 activity. Hartman Robert J. Jr. also sold $121,502 worth of Stoneridge, Inc. (NYSE:SRI) shares.

The New Nwq Investment Management Company Holding in Stoneridge Inc

Nwq Investment Management Company reported SC 13G/A form with the SEC for Stoneridge Inc. Access it here: 000119312518042415. As reported by Nwq Investment Management Company, the filler owns 5.976% or 1,683,412 shares of the Consumer Discretionary–company.

Stoneridge Inc stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows Nwq Investment Management Company’s positive view for Stoneridge Inc. For a institutional investor managing $13.77 billion in assets and having 46+ experts this is interesting position.

Stoneridge Inc Institutional Sentiment

Filings show 102 investors own Stoneridge Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 2281212. 23815748 were owned by these investors. 16 funds opened new Stoneridge Inc stakes, 30 increased positions. There were 7 that closed positions and 39 reduced them.

Perritt Capital Management Inc is an investor bullish on Stoneridge Inc, owning 250000 shares as of Q3 2015 for 0.65% of its portfolio. Nwq Investment Management Company Llc owns 3177961 shares or 0.60% of its portfolio. FL Private Capital Management Llc have 1.34% of its portfolio for 910590 shares. Further, Rutabaga Capital Management Llc reported stake worth 1.49% of its portfolio. The MI Northpointe Capital Llc owns 782068 shares. Stoneridge Inc is 1.26% of its portfolio.

Business 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. The Company’s Electronics segment designs and manufactures electronic instrument clusters, electronic control units and driver information systems. The PST segment is engaged in the design, manufacture and sale of in-vehicle audio and video devices, electronic vehicle security alarms, convenience accessories, vehicle tracking devices and monitoring services primarily for the automotive and motorcycle industry. It operated in 25 locations in 12 countries, as of December 31, 2016.

SEC Form 13G.

Nwq Investment Management Company website.

Analysts await Stoneridge, Inc. (NYSE:SRI) to report earnings on March, 1. They expect $0.36 earnings per share, up 5.88 % or $0.02 from last year’s $0.34 per share. SRI’s profit will be $10.14 million for 15.40 P/E if the $0.36 EPS becomes a reality. After $0.36 actual earnings per share reported by Stoneridge, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

The stock decreased 1.69% or $0.38 during the last trading session, reaching $22.17. About 141,954 shares traded. Stoneridge, Inc. (NYSE:SRI) has risen 8.60% since February 14, 2017 and is uptrending. It has underperformed by 8.10% the S&P500.

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 $624.56 million. It operates through three divisions: Control Devices, Electronics, and PST. It has a 8.47 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) Ratings Coverage

Among 4 analysts covering Stoneridge (NYSE:SRI), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Stoneridge has $17 highest and $14 lowest target. $16.75’s average target is -24.45% below currents $22.17 stock price. Stoneridge had 8 analyst reports since July 31, 2015 according to SRatingsIntel. As per Thursday, October 12, the company rating was maintained by KeyBanc Capital Markets. The firm earned “Neutral” rating on Tuesday, May 31 by Sidoti. The rating was upgraded by B. Riley & Co to “Buy” on Friday, July 31. FBR Capital maintained the shares of SRI in report on Thursday, January 4 with “Hold” rating. BB&T Capital upgraded the stock to “Buy” rating in Monday, September 28 report. KeyBanc Capital Markets maintained the stock with “Hold” rating in Friday, November 17 report.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.