Strattec Security (NASDAQ:STRT) Cut to “Hold” at StockNews.com

Strattec Security (NASDAQ:STRT) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Strattec Security Price Performance

STRT stock opened at $40.53 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 2.15 and a debt-to-equity ratio of 0.06. Strattec Security has a 52-week low of $20.87 and a 52-week high of $43.15. The stock’s 50 day moving average is $37.87 and its two-hundred day moving average is $30.66. The company has a market capitalization of $166.17 million, a PE ratio of 10.29, a P/E/G ratio of 1.87 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, beating analysts’ consensus estimates of $0.56 by $0.36. Strattec Security had a return on equity of 7.17% and a net margin of 2.93%. The business had revenue of $139.05 million during the quarter, compared to the consensus estimate of $139.32 million. During the same period in the previous year, the business earned $1.05 EPS. Analysts predict that Strattec Security will post 1.98 earnings per share for the current fiscal year.

Insider Activity at Strattec Security

In related news, VP Richard P. Messina sold 1,270 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $38.78, for a total transaction of $49,250.60. Following the completion of the transaction, the vice president now owns 11,930 shares in the company, valued at $462,645.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Perritt Capital Management Inc raised 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 worth $253,000 after buying an additional 3,229 shares in the last quarter. Essex Investment Management Co. LLC bought a new stake in shares of Strattec Security in the 3rd quarter worth $266,000. Marquette Asset Management LLC raised its stake in shares of Strattec Security by 96.4% in the 3rd quarter. Marquette Asset Management LLC now owns 11,332 shares of the auto parts company’s stock worth $483,000 after buying an additional 5,563 shares in the last quarter. Gabelli Funds LLC raised 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 worth $873,000 after buying an additional 3,100 shares in the last quarter. Finally, Acuitas Investments LLC bought a new stake in shares of Strattec Security in the 2nd quarter worth $925,000. 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.