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

Research analysts at StockNews.com began coverage on shares of Strattec Security (NASDAQ:STRTGet Rating) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the auto parts company’s stock.

Separately, TheStreet cut shares of Strattec Security from a “b-” rating to a “c” rating in a report on Friday, August 12th.

Strattec Security Price Performance

Shares of NASDAQ STRT opened at $30.40 on Wednesday. Strattec Security has a twelve month low of $20.65 and a twelve month high of $45.21. The stock’s 50 day moving average price is $24.39 and its 200-day moving average price is $29.38. The company has a market capitalization of $121.90 million, a PE ratio of 16.89, a PEG ratio of 2.38 and a beta of 1.04. The company has a quick ratio of 1.32, a current ratio of 2.31 and a debt-to-equity ratio of 0.05.

Strattec Security (NASDAQ:STRTGet Rating) last announced its earnings results on Thursday, August 11th. The auto parts company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.71). The business had revenue of $123.07 million during the quarter, compared to analysts’ expectations of $116.36 million. Strattec Security had a return on equity of 3.21% and a net margin of 1.49%. On average, equities analysts anticipate that Strattec Security will post 0.85 EPS for the current year.

Insider Buying and Selling

In related news, VP Richard P. Messina sold 2,100 shares of Strattec Security stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $33.01, for a total value of $69,321.00. Following the sale, the vice president now owns 10,740 shares of the company’s stock, valued at approximately $354,527.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Strattec Security

A number of hedge funds and other institutional investors have recently bought and sold shares of STRT. US Bancorp DE bought a new position in shares of Strattec Security in the second quarter worth $66,000. Baird Financial Group Inc. purchased a new stake in Strattec Security during the first quarter valued at about $202,000. O Shaughnessy Asset Management LLC purchased a new stake in Strattec Security during the second quarter valued at about $211,000. Bank of New York Mellon Corp boosted its holdings in shares of Strattec Security by 8.7% during the first quarter. Bank of New York Mellon Corp now owns 8,368 shares of the auto parts company’s stock worth $316,000 after purchasing an additional 667 shares during the period. Finally, State Street Corp boosted its holdings in shares of Strattec Security by 6.4% during the first quarter. State Street Corp now owns 15,569 shares of the auto parts company’s stock worth $580,000 after purchasing an additional 940 shares during the period. Institutional investors own 80.39% of the company’s stock.

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 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.

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