Strattec Security Co. (NASDAQ:STRT) Short Interest Down 19.1% in February

Strattec Security Co. (NASDAQ:STRT) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 14,800 shares, a drop of 19.1% from the February 13th total of 18,300 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 25,600 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Strattec Security from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 7th.

Strattec Security Price Performance

Shares of STRT opened at $43.70 on Wednesday. The company has a market cap of $182.32 million, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of 1.37 and a beta of 1.12. Strattec Security has a twelve month low of $21.05 and a twelve month high of $53.01. The company has a quick ratio of 1.77, a current ratio of 2.60 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average of $43.26 and a two-hundred day moving average of $40.84.

Insider Activity

In other news, COO Rolando Guillot sold 3,500 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.10, for a total transaction of $175,350.00. Following the transaction, the chief operating officer now directly owns 36,443 shares in the company, valued at approximately $1,825,794.30. This trade represents a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.40% of the company’s stock.

Institutional Investors Weigh In On Strattec Security

Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new stake in Strattec Security in the fourth quarter valued at approximately $33,000. West Oak Capital LLC boosted its stake in Strattec Security by 5,525.0% in the fourth quarter. West Oak Capital LLC now owns 1,125 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 1,105 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Strattec Security in the third quarter valued at approximately $47,000. JPMorgan Chase & Co. acquired a new stake in Strattec Security in the third quarter valued at approximately $69,000. Finally, Bank of America Corp DE boosted its stake in Strattec Security by 137.9% in the fourth quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company’s stock valued at $91,000 after acquiring an additional 1,280 shares in the last quarter. 68.91% of the stock is currently owned by institutional investors and hedge funds.

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.