Insider Selling: Strattec Security Co. (NASDAQ:STRT) VP Sells $49,250.60 in Stock

Strattec Security Co. (NASDAQ:STRT) VP Richard P. Messina sold 1,270 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $38.78, for a total transaction of $49,250.60. Following the completion of the sale, the vice president now owns 11,930 shares of the company’s stock, valued at approximately $462,645.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Strattec Security Price Performance

Shares of STRT opened at $39.37 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.51 and a current ratio of 2.24. The firm has a market capitalization of $160.24 million, a PE ratio of 39.77, a P/E/G ratio of 1.96 and a beta of 1.11. The stock has a 50 day simple moving average of $27.00 and a 200 day simple moving average of $25.44. Strattec Security Co. has a 52-week low of $20.87 and a 52-week high of $39.89.

Strattec Security (NASDAQ:STRT) last announced its earnings results on Thursday, August 8th. The auto parts company reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $2.01. Strattec Security had a net margin of 3.03% and a return on equity of 7.49%. The firm had revenue of $143.06 million during the quarter, compared to analyst estimates of $141.51 million. Sell-side analysts predict that Strattec Security Co. will post 1.98 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com cut Strattec Security from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 2nd.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in STRT. Victory Capital Management Inc. acquired a new position in shares of Strattec Security during the 4th quarter worth about $96,000. Perritt Capital Management Inc raised its holdings in Strattec Security by 47.0% during the second quarter. Perritt Capital Management Inc now owns 10,102 shares of the auto parts company’s stock worth $253,000 after acquiring an additional 3,229 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in Strattec Security during the first quarter worth about $325,000. Gabelli Funds LLC boosted its position in Strattec Security by 9.2% during the first quarter. Gabelli Funds LLC now owns 36,800 shares of the auto parts company’s stock valued at $873,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Acuitas Investments LLC bought a new position in Strattec Security in the second quarter valued at approximately $925,000. Institutional investors own 68.91% of the company’s stock.

About Strattec Security

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.