StockNews.com Downgrades Strattec Security (NASDAQ:STRT) to Hold

StockNews.com lowered shares of Strattec Security (NASDAQ:STRT) from a buy rating to a hold rating in a report published on Wednesday.

Strattec Security Trading Up 2.6 %

Shares of Strattec Security stock opened at $37.98 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.46 and a current ratio of 2.15. The company has a market capitalization of $155.72 million, a P/E ratio of 9.64, a PEG ratio of 1.87 and a beta of 1.14. Strattec Security has a 1 year low of $20.87 and a 1 year high of $43.15. The company’s fifty day moving average is $37.75 and its two-hundred day moving average is $30.59.

Strattec Security (NASDAQ:STRT) last released its quarterly earnings results on Monday, November 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.36. The firm had revenue of $139.05 million for the quarter, compared to analyst estimates of $139.32 million. Strattec Security had a return on equity of 7.17% and a net margin of 2.93%. During the same quarter last year, the company posted $1.05 earnings per share. Analysts forecast that Strattec Security will post 1.98 earnings per share for the current year.

Insider Transactions at Strattec Security

In related news, VP Richard P. Messina sold 1,270 shares of Strattec Security stock in a transaction on Friday, August 16th. The shares were sold at an average price of $38.78, for a total value of $49,250.60. Following the transaction, the vice president now directly owns 11,930 shares in the company, valued at $462,645.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 2,070 shares of company stock worth $74,033 over the last 90 days. 6.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Perritt Capital Management Inc lifted its position in Strattec Security by 47.0% in the second quarter. Perritt Capital Management Inc now owns 10,102 shares of the auto parts company’s stock valued at $253,000 after purchasing an additional 3,229 shares during the period. Essex Investment Management Co. LLC purchased a new stake in shares of Strattec Security in the third quarter valued at approximately $266,000. Marquette Asset Management LLC boosted its stake in shares of Strattec Security by 96.4% in the third quarter. Marquette Asset Management LLC now owns 11,332 shares of the auto parts company’s stock valued at $483,000 after buying an additional 5,563 shares in the last quarter. Gabelli Funds LLC raised its position in Strattec Security by 9.2% in the first quarter. Gabelli Funds LLC now owns 36,800 shares of the auto parts company’s stock worth $873,000 after acquiring an additional 3,100 shares in the last quarter. Finally, Acuitas Investments LLC purchased a new position in Strattec Security in the second quarter worth $925,000. 68.91% of the stock is currently owned by institutional investors and hedge funds.

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.