Strattec Security (NASDAQ:STRT) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Strattec Security (NASDAQ:STRTGet Rating) in a research report issued on Tuesday. The firm set a “buy” rating on the auto parts company’s stock.

Separately, TheStreet raised shares of Strattec Security from a “c” rating to a “b-” rating in a research report on Friday, January 28th.

Strattec Security stock opened at $32.70 on Tuesday. The firm has a 50-day moving average price of $35.62 and a 200-day moving average price of $37.92. The firm has a market capitalization of $129.52 million, a PE ratio of 13.35, a price-to-earnings-growth ratio of 0.92 and a beta of 0.98. The company has a current ratio of 2.37, a quick ratio of 1.46 and a debt-to-equity ratio of 0.05. Strattec Security has a 12-month low of $30.34 and a 12-month high of $52.39.

Several institutional investors have recently modified their holdings of the company. Northern Oak Wealth Management Inc. purchased a new stake in Strattec Security during the 4th quarter worth approximately $28,000. Barclays PLC lifted its stake in Strattec Security by 48.0% during the 3rd quarter. Barclays PLC now owns 2,295 shares of the auto parts company’s stock valued at $90,000 after acquiring an additional 744 shares during the period. Morgan Stanley lifted its stake in Strattec Security by 61.1% during the 1st quarter. Morgan Stanley now owns 3,069 shares of the auto parts company’s stock valued at $144,000 after acquiring an additional 1,164 shares during the period. JPMorgan Chase & Co. acquired a new stake in Strattec Security during the 4th quarter valued at approximately $187,000. Finally, Baird Financial Group Inc. acquired a new stake in Strattec Security during the 1st quarter valued at approximately $202,000. 77.42% of the stock is currently owned by hedge funds and other institutional investors.

About Strattec Security (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.

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