Strattec Security (NASDAQ:STRT) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Strattec Security (NASDAQ:STRTGet Rating) in a report released on Monday. The brokerage issued a buy rating on the auto parts company’s stock.

STRT has been the subject of a number of other research reports. Zacks Investment Research raised shares of Strattec Security from a strong sell rating to a hold rating in a report on Wednesday, December 22nd. TheStreet raised shares of Strattec Security from a c rating to a b- rating in a report on Friday, January 28th.

STRT opened at $34.96 on Monday. Strattec Security has a twelve month low of $31.89 and a twelve month high of $54.90. The company has a 50-day simple moving average of $37.53 and a 200 day simple moving average of $38.51. The company has a quick ratio of 1.57, a current ratio of 2.66 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $138.23 million, a price-to-earnings ratio of 12.49, a P/E/G ratio of 0.84 and a beta of 1.00.

Strattec Security (NASDAQ:STRTGet Rating) last posted its quarterly earnings data on Thursday, January 27th. The auto parts company reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.29. Strattec Security had a net margin of 2.45% and a return on equity of 5.12%. The business had revenue of $112.91 million during the quarter, compared to analysts’ expectations of $112.28 million. Sell-side analysts anticipate that Strattec Security will post 2.75 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Aristides Capital LLC increased its stake in shares of Strattec Security by 11.9% in the third quarter. Aristides Capital LLC now owns 37,858 shares of the auto parts company’s stock valued at $1,473,000 after buying an additional 4,019 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of Strattec Security by 7.2% in the third quarter. Gamco Investors INC. ET AL now owns 597,098 shares of the auto parts company’s stock valued at $23,227,000 after buying an additional 40,252 shares during the period. Perritt Capital Management Inc. increased its stake in shares of Strattec Security by 154.9% in the third quarter. Perritt Capital Management Inc. now owns 12,000 shares of the auto parts company’s stock valued at $467,000 after buying an additional 7,292 shares during the period. Two Sigma Advisers LP acquired a new position in shares of Strattec Security in the third quarter valued at approximately $284,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Strattec Security in the fourth quarter valued at approximately $187,000. 75.78% of the stock is owned by institutional investors.

Strattec Security Company Profile (Get Rating)

Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. The company offers 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.

Read More

Receive News & Ratings for Strattec Security Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Strattec Security and related companies with MarketBeat.com's FREE daily email newsletter.