Strattec Security (NASDAQ:STRT) Upgraded to Buy at StockNews.com

Strattec Security (NASDAQ:STRT) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Strattec Security Stock Performance

Shares of Strattec Security stock opened at $40.64 on Thursday. The company has a current ratio of 2.18, a quick ratio of 1.48 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $38.40 and a two-hundred day moving average price of $31.31. Strattec Security has a 1-year low of $20.87 and a 1-year high of $43.15. The company has a market cap of $166.62 million, a P/E ratio of 10.55, a PEG ratio of 1.48 and a beta of 1.14.

Strattec Security (NASDAQ:STRT) last issued its quarterly earnings results on Monday, November 4th. The auto parts company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.36. Strattec Security had a return on equity of 7.12% and a net margin of 2.93%. The firm had revenue of $139.05 million during the quarter, compared to the consensus estimate of $139.32 million. During the same period last year, the business posted $1.05 EPS. As a group, analysts anticipate that Strattec Security will post 2.76 EPS for the current year.

Institutional Trading of Strattec Security

Several large investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Strattec Security in the 3rd quarter valued at about $47,000. Barclays PLC grew its stake in shares of Strattec Security by 126.0% in the 3rd quarter. Barclays PLC now owns 3,950 shares of the auto parts company’s stock valued at $169,000 after buying an additional 2,202 shares during the period. Gabelli Funds LLC grew its stake in shares of Strattec Security by 9.2% in the 1st quarter. Gabelli Funds LLC now owns 36,800 shares of the auto parts company’s stock valued at $873,000 after buying an additional 3,100 shares during the period. Perritt Capital Management Inc grew its stake in shares of Strattec Security by 47.0% in the 2nd quarter. Perritt Capital Management Inc now owns 10,102 shares of the auto parts company’s stock valued at $253,000 after buying an additional 3,229 shares during the period. Finally, De Lisle Partners LLP grew its stake in shares of Strattec Security by 11.2% in the 3rd quarter. De Lisle Partners LLP now owns 43,094 shares of the auto parts company’s stock valued at $1,830,000 after buying an additional 4,355 shares during the period. 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.