Strattec Security (NASDAQ:STRT) Stock Rating Lowered by Wall Street Zen

Strattec Security (NASDAQ:STRT) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Strattec Security Stock Up 7.1%

STRT stock opened at $71.98 on Friday. The company has a current ratio of 2.33, a quick ratio of 1.72 and a debt-to-equity ratio of 0.06. Strattec Security has a 1 year low of $21.05 and a 1 year high of $70.58. The company has a fifty day simple moving average of $51.96 and a 200 day simple moving average of $44.91. The firm has a market cap of $300.16 million, a PE ratio of 14.54, a PEG ratio of 1.47 and a beta of 1.39.

Strattec Security (NASDAQ:STRT) last announced its quarterly earnings data on Thursday, May 8th. The auto parts company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.55. Strattec Security had a net margin of 3.60% and a return on equity of 9.66%. The business had revenue of $144.08 million during the quarter, compared to analyst estimates of $140.84 million. Sell-side analysts anticipate that Strattec Security will post 3.67 EPS for the current fiscal year.

Institutional Trading of Strattec Security

Several hedge funds have recently modified their holdings of STRT. Goldman Sachs Group Inc. boosted its stake in Strattec Security by 41.6% in the first quarter. Goldman Sachs Group Inc. now owns 22,548 shares of the auto parts company’s stock valued at $890,000 after acquiring an additional 6,624 shares during the last quarter. Ellsworth Advisors LLC bought a new position in shares of Strattec Security during the first quarter worth $583,000. Acadian Asset Management LLC boosted its position in shares of Strattec Security by 33.7% during the first quarter. Acadian Asset Management LLC now owns 78,047 shares of the auto parts company’s stock worth $3,076,000 after purchasing an additional 19,693 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Strattec Security by 61.1% during the first quarter. Jane Street Group LLC now owns 15,869 shares of the auto parts company’s stock worth $626,000 after purchasing an additional 6,019 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Strattec Security by 3.3% during the first quarter. Empowered Funds LLC now owns 17,221 shares of the auto parts company’s stock worth $680,000 after purchasing an additional 555 shares in the last quarter. 68.91% of the stock is owned by institutional investors.

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.