BlackRock Updates Stoneridge Stake in SC 13G/A Filing
Ticker: SRI · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1043337
| Field | Detail |
|---|---|
| Company | Stoneridge Inc (SRI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its Stoneridge Inc. holdings, signaling its current position.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, indicating its ownership of Stoneridge Inc. common stock as of December 31, 2023. This filing, Amendment No. 12, updates previous disclosures about BlackRock's stake in Stoneridge Inc., a company in the motor vehicle parts & accessories industry. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in Stoneridge's future performance.
Why It Matters
This filing shows BlackRock's updated ownership in Stoneridge Inc., which can influence investor sentiment and potentially the stock's price due to BlackRock's significant market presence.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently present a significant risk.
Analyst Insight
An investor should note BlackRock's continued institutional ownership in Stoneridge Inc. and consider this as part of a broader analysis of the company's fundamentals and market sentiment, rather than as a standalone buy/sell signal.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Stoneridge Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 12 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 12)'.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY' section.
What is the subject company whose securities are being reported?
The subject company is STONERIDGE INC, as indicated by '(Name of Issuer) STONERIDGE INC' and in the 'SUBJECT COMPANY' section.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Stoneridge Inc. is 86183P102, as listed under 'CUSIP No. 86183P102'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding STONERIDGE INC (SRI).