Strattec Security (NASDAQ:STRT) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Strattec Security (NASDAQ:STRT) from a buy rating to a strong-buy rating in a report released on Friday.

Strattec Security Stock Performance

STRT stock opened at $36.85 on Friday. The company has a market capitalization of $151.09 million, a P/E ratio of 9.21, a PEG ratio of 1.39 and a beta of 1.15. The company has a quick ratio of 1.48, a current ratio of 2.18 and a debt-to-equity ratio of 0.06. Strattec Security has a fifty-two week low of $21.05 and a fifty-two week high of $44.26. The company has a 50-day simple moving average of $40.20 and a 200 day simple moving average of $37.86.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Strattec Security in the third quarter worth approximately $47,000. West Oak Capital LLC grew its holdings 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 acquiring an additional 1,105 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in Strattec Security during the 3rd quarter worth about $69,000. Barclays PLC boosted its holdings in shares of Strattec Security by 126.0% in the third quarter. Barclays PLC now owns 3,950 shares of the auto parts company’s stock worth $169,000 after buying an additional 2,202 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Strattec Security by 5.9% in the third quarter. Geode Capital Management LLC now owns 41,618 shares of the auto parts company’s stock worth $1,776,000 after acquiring an additional 2,314 shares in the last quarter. 68.91% of the stock is owned by institutional investors and hedge funds.

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.