Strattec Security (NASDAQ:STRT) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Strattec Security (NASDAQ:STRT) from a hold rating to a strong sell rating in a report published on Tuesday morning,Zacks.com reports.

Separately, Wall Street Zen upgraded Strattec Security from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Strattec Security Stock Up 0.9%

Strattec Security stock opened at $66.42 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.72 and a current ratio of 2.33. The business’s 50-day simple moving average is $65.07 and its two-hundred day simple moving average is $51.25. The company has a market cap of $276.84 million, a PE ratio of 14.53, a PEG ratio of 1.55 and a beta of 1.30. Strattec Security has a fifty-two week low of $31.57 and a fifty-two week high of $83.00.

Strattec Security (NASDAQ:STRT) last issued its earnings results on Thursday, August 14th. The auto parts company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.99. Strattec Security had a return on equity of 9.11% and a net margin of 3.31%.The firm had revenue of $152.01 million for the quarter, compared to the consensus estimate of $143.51 million. Equities analysts anticipate that Strattec Security will post 3.67 EPS for the current year.

Hedge Funds Weigh In On Strattec Security

A number of hedge funds have recently bought and sold shares of STRT. JPMorgan Chase & Co. boosted its position in Strattec Security by 172.0% during the fourth quarter. JPMorgan Chase & Co. now owns 4,392 shares of the auto parts company’s stock worth $181,000 after purchasing an additional 2,777 shares in the last quarter. Barclays PLC boosted its position in Strattec Security by 25.5% during the fourth quarter. Barclays PLC now owns 4,957 shares of the auto parts company’s stock worth $204,000 after purchasing an additional 1,007 shares in the last quarter. Marshall Wace LLP boosted its position in Strattec Security by 47.8% during the fourth quarter. Marshall Wace LLP now owns 13,805 shares of the auto parts company’s stock worth $569,000 after purchasing an additional 4,464 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Strattec Security by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 234,260 shares of the auto parts company’s stock worth $9,652,000 after purchasing an additional 7,880 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in Strattec Security during the fourth quarter worth approximately $33,000. 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.