Strattec Security (NASDAQ:STRT) Cut to “Buy” at Wall Street Zen

Wall Street Zen cut shares of Strattec Security (NASDAQ:STRT) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.

Other equities analysts have also recently issued research reports about the company. Freedom Capital cut Strattec Security from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Zacks Research raised Strattec Security from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Strattec Security in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Strattec Security Price Performance

Shares of NASDAQ:STRT opened at $90.41 on Friday. The stock has a market capitalization of $377.91 million, a P/E ratio of 13.70, a P/E/G ratio of 1.45 and a beta of 1.19. The business has a 50-day moving average of $81.31 and a two-hundred day moving average of $73.24. Strattec Security has a fifty-two week low of $31.57 and a fifty-two week high of $92.50.

Strattec Security (NASDAQ:STRT) last issued its quarterly earnings data on Thursday, February 5th. The auto parts company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.78. Strattec Security had a return on equity of 12.33% and a net margin of 4.63%.The business had revenue of $137.53 million for the quarter, compared to the consensus estimate of $132.29 million. As a group, research analysts expect that Strattec Security will post 3.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. WINTON GROUP Ltd increased its holdings in Strattec Security by 1.1% in the 4th quarter. WINTON GROUP Ltd now owns 11,507 shares of the auto parts company’s stock valued at $876,000 after buying an additional 122 shares during the period. Deutsche Bank AG boosted its position in shares of Strattec Security by 6.3% during the 4th quarter. Deutsche Bank AG now owns 2,907 shares of the auto parts company’s stock valued at $221,000 after acquiring an additional 172 shares in the last quarter. Bailard Inc. increased its stake in Strattec Security by 5.0% in the fourth quarter. Bailard Inc. now owns 4,200 shares of the auto parts company’s stock valued at $320,000 after acquiring an additional 200 shares during the period. NewEdge Advisors LLC raised its position in Strattec Security by 3.8% in the third quarter. NewEdge Advisors LLC now owns 5,652 shares of the auto parts company’s stock worth $385,000 after purchasing an additional 207 shares in the last quarter. Finally, New York State Teachers Retirement System bought a new position in Strattec Security during the fourth quarter worth about $27,000. 68.91% of the stock is owned by institutional investors.

Strattec Security Company Profile

Strattec Security Corporation is a Wisconsin‐based designer and manufacturer of mechanical and electronic locking systems for the global automotive market. Established more than five decades ago, the company supplies original equipment manufacturers (OEMs) and the aftermarket with a broad portfolio of lock and key solutions tailored to passenger cars, light trucks and commercial vehicles.

The company’s product range includes mechanical locking systems such as door lock cylinders, ignition lock modules, key blanks and door handles, as well as electromechanical and keyless‐entry systems.