Strattec Security Co. (NASDAQ:STRT) Short Interest Update

Strattec Security Co. (NASDAQ:STRT) saw a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 6,600 shares, a decrease of 24.1% from the October 15th total of 8,700 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 20,500 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Strattec Security in the third quarter valued at about $47,000. Perritt Capital Management Inc raised its holdings in 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 valued at $253,000 after buying an additional 3,229 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in Strattec Security during the 3rd quarter worth approximately $266,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Strattec Security in the 3rd quarter valued at approximately $374,000. Finally, Marquette Asset Management LLC raised its stake in shares of Strattec Security by 96.4% during the third quarter. Marquette Asset Management LLC now owns 11,332 shares of the auto parts company’s stock valued at $483,000 after acquiring an additional 5,563 shares during the last quarter. 68.91% of the stock is currently owned by institutional investors.

Strattec Security Stock Performance

NASDAQ STRT traded up $0.59 during trading on Friday, reaching $41.56. The company’s stock had a trading volume of 3,001 shares, compared to its average volume of 14,309. The company has a current ratio of 2.18, a quick ratio of 1.48 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $170.40 million, a price-to-earnings ratio of 10.28, a price-to-earnings-growth ratio of 1.48 and a beta of 1.14. The firm has a 50 day moving average price of $38.40 and a 200 day moving average price of $31.31. Strattec Security has a 12 month low of $20.87 and a 12 month high of $43.15.

Strattec Security (NASDAQ:STRT) last issued its quarterly earnings results on Monday, November 4th. The auto parts company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.36. Strattec Security had a return on equity of 7.12% and a net margin of 2.93%. The company had revenue of $139.05 million for the quarter, compared to analysts’ expectations of $139.32 million. During the same quarter last year, the business earned $1.05 earnings per share. As a group, equities analysts anticipate that Strattec Security will post 2.76 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Strattec Security from a “hold” rating to a “buy” rating in a report on Thursday.

About Strattec Security

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.