Stoneridge Inc: Nwq Investment Management Company Makes Purchase

February 13, 2018 - By Kurt Siggers

 Stoneridge Inc: Nwq Investment Management Company Makes Purchase

Investors sentiment increased to 1.36 in 2017 Q3. Its up 0.26, from 1.1 in 2017Q2. It improved, 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.

D E Shaw Inc holds 106,797 shares. Highbridge Capital Lc invested in 0% or 10,373 shares. Wedge Mngmt L L P Nc holds 0.02% or 87,512 shares. Horizon Inv Svcs Limited Liability Co has 0.91% invested in Stoneridge, Inc. (NYSE:SRI). First Quadrant Lp Ca reported 0% of its portfolio in Stoneridge, Inc. (NYSE:SRI). American Int Group accumulated 18,050 shares or 0% of the stock. 97,000 were reported by Bridgeway Capital Mngmt Inc. Globeflex Cap L P owns 96,639 shares. Heartland Advsrs has invested 0.32% in Stoneridge, Inc. (NYSE:SRI). Natl Bank Of Mellon holds 293,634 shares or 0% of its portfolio. Citigroup reported 42,770 shares stake. Shell Asset Mngmt accumulated 0.01% or 74,812 shares. Meeder Asset Mngmt reported 0% in Stoneridge, Inc. (NYSE:SRI). Brown Advisory Incorporated, a Maryland-based fund reported 83,000 shares. Nationwide Fund, Pennsylvania-based fund reported 116,750 shares.

Since August 14, 2017, it had 0 insider purchases, and 1 sale for $121,502 activity. 30,000 Stoneridge, Inc. (NYSE:SRI) shares with value of $489,000 were sold by Sloan Michael D.

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 EPS, up 5.88 % or $0.02 from last year’s $0.34 per share. SRI’s profit will be $10.14M for 15.40 P/E if the $0.36 EPS becomes a reality. After $0.36 actual EPS 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. The firm has “Buy” rating given on Friday, July 31 by B. Riley & Co. The stock of Stoneridge, Inc. (NYSE:SRI) earned “Buy” rating by BB&T Capital on Monday, September 28. As per Thursday, January 4, the company rating was maintained by FBR Capital. The rating was maintained by KeyBanc Capital Markets with “Hold” on Thursday, October 12. The stock of Stoneridge, Inc. (NYSE:SRI) has “Hold” rating given on Friday, November 17 by KeyBanc Capital Markets. The firm has “Neutral” rating given on Tuesday, May 31 by Sidoti.

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