Strattec Security Co. (NASDAQ:STRT) Sees Large Growth in Short Interest

Strattec Security Co. (NASDAQ:STRT) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 8,700 shares, an increase of 31.8% from the December 15th total of 6,600 shares. Based on an average trading volume of 18,200 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

Strattec Security Trading Up 0.8 %

NASDAQ:STRT traded up $0.30 on Friday, hitting $39.99. The stock had a trading volume of 17,945 shares, compared to its average volume of 14,337. The company has a fifty day moving average price of $41.02 and a two-hundred day moving average price of $36.34. Strattec Security has a 1-year low of $21.05 and a 1-year high of $44.26. The company has a quick ratio of 1.48, a current ratio of 2.18 and a debt-to-equity ratio of 0.06. The stock has a market cap of $163.96 million, a price-to-earnings ratio of 10.15, a PEG ratio of 1.38 and a beta of 1.16.

Strattec Security (NASDAQ:STRT) last released its quarterly earnings data on Monday, November 4th. The auto parts company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.36. The firm had revenue of $139.05 million for the quarter, compared to analysts’ expectations of $139.32 million. Strattec Security had a return on equity of 7.12% and a net margin of 2.93%. During the same period in the prior year, the firm posted $1.05 earnings per share. Equities research analysts expect that Strattec Security will post 2.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Strattec Security from a “hold” rating to a “buy” rating in a report on Thursday, November 14th.

Hedge Funds Weigh In On Strattec Security

A number of hedge funds have recently modified their holdings of STRT. West Oak Capital LLC lifted its position 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 buying an additional 1,105 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Strattec Security in the 3rd quarter worth approximately $47,000. JPMorgan Chase & Co. purchased a new position in shares of Strattec Security during the 3rd quarter worth approximately $69,000. Barclays PLC increased its holdings in 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 purchasing an additional 2,202 shares during the last quarter. Finally, Essex Investment Management Co. LLC acquired a new stake in Strattec Security in the 3rd quarter valued at approximately $266,000. 68.91% of the stock is currently owned by hedge funds and other 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.