StockNews.com Upgrades Strattec Security (NASDAQ:STRT) to Buy

StockNews.com upgraded shares of Strattec Security (NASDAQ:STRT) from a hold rating to a buy rating in a report published on Thursday.

Strattec Security Trading Down 0.8 %

STRT stock opened at $40.64 on Thursday. The company has a quick ratio of 1.48, a current ratio of 2.18 and a debt-to-equity ratio of 0.06. The company has a market cap of $166.66 million, a price-to-earnings ratio of 10.31, a PEG ratio of 1.47 and a beta of 1.14. The business has a fifty day simple moving average of $38.52 and a 200-day simple moving average of $31.49. Strattec Security has a 52 week low of $20.87 and a 52 week high of $43.15.

Strattec Security (NASDAQ:STRT) last issued its earnings results on Monday, November 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.36. Strattec Security had a return on equity of 7.12% and a net margin of 2.93%. The business had revenue of $139.05 million during the quarter, compared to analysts’ expectations of $139.32 million. During the same quarter in the previous year, the business earned $1.05 EPS. On average, equities research analysts expect that Strattec Security will post 2.76 EPS for the current year.

Institutional Trading of Strattec Security

A number of hedge funds have recently made changes to their positions in STRT. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Strattec Security during the 3rd quarter valued at $47,000. Barclays PLC increased its position in shares of Strattec Security by 126.0% during the third quarter. Barclays PLC now owns 3,950 shares of the auto parts company’s stock worth $169,000 after acquiring an additional 2,202 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Strattec Security by 5.9% in the third quarter. Geode Capital Management LLC now owns 41,618 shares of the auto parts company’s stock worth $1,776,000 after acquiring an additional 2,314 shares in the last quarter. Gabelli Funds LLC boosted its holdings in Strattec Security by 9.2% in the first quarter. Gabelli Funds LLC now owns 36,800 shares of the auto parts company’s stock valued at $873,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Perritt Capital Management Inc grew its stake in Strattec Security by 47.0% during the 2nd quarter. Perritt Capital Management Inc now owns 10,102 shares of the auto parts company’s stock valued at $253,000 after purchasing an additional 3,229 shares in the last quarter. Hedge funds and other 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.