Strattec Security Corp. (STRT) Given Consensus Rating of “Hold” by Analysts

Shares of Strattec Security Corp. (NASDAQ:STRT) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Zacks has also assigned Strattec Security an industry rank of 102 out of 265 based on the ratings given to its competitors.

Separately, ValuEngine raised shares of Strattec Security from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 2nd.

Shares of Strattec Security (STRT) traded down $1.69 on Tuesday, hitting $39.51. 6,802 shares of the stock were exchanged, compared to its average volume of 10,465. The firm has a market capitalization of $156.76, a price-to-earnings ratio of 13.81 and a beta of 1.69. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.02 and a quick ratio of 1.43. Strattec Security has a 1-year low of $23.00 and a 1-year high of $49.20.

Strattec Security (NASDAQ:STRT) last announced its quarterly earnings data on Thursday, January 25th. The auto parts company reported $0.93 EPS for the quarter. The business had revenue of $103.18 million during the quarter. Strattec Security had a net margin of 2.50% and a return on equity of 6.53%.

In related news, VP Richard P. Messina sold 3,200 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $46.04, for a total value of $147,328.00. Following the sale, the vice president now owns 4,840 shares of the company’s stock, valued at $222,833.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Patrick J. Hansen sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $45.65, for a total transaction of $45,650.00. The disclosure for this sale can be found here. In the last three months, insiders sold 7,100 shares of company stock worth $324,899. 7.10% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of STRT. FMR LLC increased its stake in Strattec Security by 6.1% in the second quarter. FMR LLC now owns 437,823 shares of the auto parts company’s stock valued at $15,499,000 after acquiring an additional 25,023 shares during the period. Dimensional Fund Advisors LP grew its stake in Strattec Security by 8.6% during the third quarter. Dimensional Fund Advisors LP now owns 305,559 shares of the auto parts company’s stock worth $12,497,000 after buying an additional 24,169 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Strattec Security by 132.5% during the third quarter. Russell Investments Group Ltd. now owns 31,494 shares of the auto parts company’s stock worth $1,288,000 after buying an additional 17,951 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in Strattec Security during the second quarter worth about $608,000. Finally, Unison Advisors LLC bought a new stake in Strattec Security during the fourth quarter worth about $376,000. 82.06% of the stock is currently owned by institutional investors and hedge funds.

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Strattec Security Company Profile

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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