Strattec Security (NASDAQ:STRT) Cut to Hold at StockNews.com

StockNews.com lowered shares of Strattec Security (NASDAQ:STRT) from a buy rating to a hold rating in a research note published on Wednesday morning.

Strattec Security Price Performance

Shares of STRT opened at $40.31 on Wednesday. The firm has a market cap of $165.39 million, a PE ratio of 10.23, a PEG ratio of 1.38 and a beta of 1.14. The firm’s 50 day moving average price is $37.96 and its 200 day moving average price is $30.79. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.46 and a current ratio of 2.15. Strattec Security has a twelve month low of $20.87 and a twelve month high of $43.15.

Strattec Security (NASDAQ:STRT) last issued its quarterly earnings data on Monday, November 4th. The auto parts company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.36. The firm had revenue of $139.05 million for the quarter, compared to analyst estimates of $139.32 million. Strattec Security had a net margin of 2.93% and a return on equity of 7.17%. During the same quarter last year, the firm earned $1.05 earnings per share. As a group, research analysts expect that Strattec Security will post 2.76 EPS for the current fiscal year.

Insider Activity at Strattec Security

In other news, VP Richard P. Messina sold 1,270 shares of Strattec Security stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $38.78, for a total value of $49,250.60. Following the transaction, the vice president now owns 11,930 shares of the company’s stock, valued at $462,645.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Strattec Security

A number of institutional investors have recently modified their holdings of the company. Gamco Investors INC. ET AL raised its position in shares of Strattec Security by 2.2% in the first quarter. Gamco Investors INC. ET AL now owns 749,115 shares of the auto parts company’s stock valued at $17,776,000 after purchasing an additional 16,225 shares during the period. Renaissance Technologies LLC raised its position in shares of Strattec Security by 11.1% in the second quarter. Renaissance Technologies LLC now owns 85,106 shares of the auto parts company’s stock valued at $2,128,000 after purchasing an additional 8,500 shares during the period. Acuitas Investments LLC bought a new position in shares of Strattec Security in the second quarter valued at approximately $925,000. Gabelli Funds LLC increased its position in Strattec Security by 9.2% during the first quarter. Gabelli Funds LLC now owns 36,800 shares of the auto parts company’s stock worth $873,000 after acquiring an additional 3,100 shares during the period. Finally, Factorial Partners LLC bought a new position in Strattec Security during the third quarter worth $1,346,000. Institutional investors own 68.91% of the company’s stock.

Strattec Security Company Profile

Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. The company provides mechanical and electronically enhanced locks and keys, passive entry passive start systems, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power tailgate and lift gate systems, power deck lid systems, door handles, and related products.