Zacks: Strattec Security Corp. (STRT) Receives Average Rating of “Hold” from Analysts
Strattec Security Corp. (NASDAQ:STRT) has received an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Zacks has also assigned Strattec Security an industry rank of 107 out of 265 based on the ratings given to its competitors.
Separately, ValuEngine upgraded shares of Strattec Security from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 2nd.
A number of large investors have recently added to or reduced their stakes in the business. Prudential Financial Inc. boosted its position in Strattec Security by 21.4% in the third quarter. Prudential Financial Inc. now owns 8,500 shares of the auto parts company’s stock valued at $347,000 after buying an additional 1,500 shares in the last quarter. Algert Global LLC boosted its position in Strattec Security by 17.0% in the third quarter. Algert Global LLC now owns 18,249 shares of the auto parts company’s stock valued at $746,000 after buying an additional 2,652 shares in the last quarter. Legal & General Group Plc boosted its position in Strattec Security by 266.3% in the second quarter. Legal & General Group Plc now owns 3,835 shares of the auto parts company’s stock valued at $136,000 after buying an additional 2,788 shares in the last quarter. Susquehanna International Group LLP acquired a new position in Strattec Security in the second quarter valued at about $208,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Strattec Security in the second quarter worth about $480,000. Hedge funds and other institutional investors own 81.94% of the company’s stock.
Shares of Strattec Security (NASDAQ STRT) opened at $45.85 on Friday. The firm has a market cap of $168.33, a PE ratio of 20.75 and a beta of 1.69. Strattec Security has a 12-month low of $23.00 and a 12-month high of $49.20. The company has a current ratio of 2.02, a quick ratio of 1.43 and a debt-to-equity ratio of 0.23.
Strattec Security (NASDAQ:STRT) last released its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.12. The firm had revenue of $102.46 million for the quarter. Strattec Security had a net margin of 1.93% and a return on equity of 4.86%.
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About Strattec Security
Strattec Security Corporation designs, develops, manufactures and markets automotive access control products. The Company offers access control products, including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles and related products for North American automotive customers.
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