Strattec Security (NASDAQ:STRT) Raised to Strong-Buy at StockNews.com

Strattec Security (NASDAQ:STRT) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

Strattec Security Trading Down 3.7 %

STRT traded down $1.40 during trading on Friday, reaching $36.85. 18,959 shares of the company’s stock were exchanged, compared to its average volume of 15,742. Strattec Security has a one year low of $21.05 and a one year high of $44.26. 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 stock has a market capitalization of $151.09 million, a PE ratio of 9.35, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. The firm has a fifty day moving average price of $40.30 and a two-hundred day moving average price of $37.69.

Strattec Security (NASDAQ:STRT) last posted its 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 net margin of 2.93% and a return on equity of 7.12%. The firm had revenue of $139.05 million for the quarter, compared to analyst estimates of $139.32 million. During the same period in the previous year, the firm posted $1.05 EPS. As a group, equities research analysts forecast that Strattec Security will post 2.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. West Oak Capital LLC lifted its position in shares of Strattec Security by 5,525.0% in the 4th quarter. West Oak Capital LLC now owns 1,125 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 1,105 shares during the period. 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. acquired a new position in shares of Strattec Security in the 3rd quarter worth approximately $69,000. Barclays PLC lifted its position 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 worth $169,000 after purchasing an additional 2,202 shares during the period. Finally, Essex Investment Management Co. LLC acquired a new position in shares of Strattec Security in the 3rd quarter worth approximately $266,000. Institutional investors and hedge funds 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.