SCHEDULE 13G/A: Thrivent Financial Discloses 5.8% Passive Stake in Stoneridge Inc.
Beneficial Ownership Report
Thrivent Financial for Lutherans has filed an amended Schedule 13G, reporting a 5.8% beneficial ownership stake in Stoneridge Inc. as of December 31, 2024.
Summary
- Thrivent Financial for Lutherans, a Wisconsin fraternal benefit society, reported beneficial ownership of 1,605,960 shares of Stoneridge Inc. Common Stock.
- This ownership represents 5.8% of Stoneridge Inc.'s outstanding Common Stock.
- The percentage calculation is based on 27,688,071 shares of Stoneridge, Inc. Common Stock outstanding as of October 25, 2024, as reported in the company's Form 10-Q for the quarter ended September 30, 2024.
- Thrivent Financial for Lutherans holds sole voting and dispositive power over 13,454 shares, but disclaims beneficial ownership of these shares, which are held in the Thrivent Financial Defined Benefit Plan Trust.
- Shared voting and dispositive power is held over 1,592,506 shares.
- Of the shared shares, 529,245 are held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser.
- The remaining 1,063,261 shared shares are held by registered investment companies for which Thrivent Asset Management, LLC, a wholly-owned subsidiary of Thrivent Financial for Lutherans, serves as investment adviser.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Stoneridge Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing (Schedule 13G) disclosing a passive ownership stake. It contains factual information about shareholdings and does not convey positive, negative, or forward-looking sentiment regarding the issuer's performance or prospects.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of a passive investment stake by an institutional investor. It does not provide specific insights into broader industry trends or competitive dynamics beyond confirming an investor's position in Stoneridge Inc.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's passive stake, confirming no intent to influence control.
Key Dates
| Date | Description |
|---|---|
| 2024-10-25 | Date Stoneridge, Inc. reported 27,688,071 shares of Common Stock outstanding in its Form 10-Q. |
| 2024-10-30 | Date Stoneridge, Inc.'s Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, was filed with the SEC. |
| 2024-12-31 | Date of event which requires filing of this statement (end of reporting period). |
| 2025-01-07 | Date the Schedule 13G Amendment No. 4 was signed and filed by Thrivent Financial for Lutherans. |
Keywords
Stoneridge Inc., Thrivent Financial for Lutherans, Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment, Institutional Investor, SRI
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