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

Strattec Security Co. (NASDAQ:STRT) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 30,100 shares, a growth of 184.0% from the March 15th total of 10,600 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 26,100 shares, the short-interest ratio is presently 1.2 days.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Strattec Security from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 7th.

Strattec Security Trading Down 0.7 %

STRT stock traded down $0.25 during midday trading on Tuesday, hitting $36.01. The stock had a trading volume of 1,367 shares, compared to its average volume of 20,227. The company has a current ratio of 2.60, a quick ratio of 1.77 and a debt-to-equity ratio of 0.06. The firm has a market cap of $150.25 million, a P/E ratio of 8.92, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02. The business has a fifty day moving average price of $43.45 and a two-hundred day moving average price of $41.10. Strattec Security has a 1-year low of $21.05 and a 1-year high of $53.01.

Insider Buying and Selling

In other news, COO Rolando Guillot sold 3,500 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.10, for a total transaction of $175,350.00. Following the completion of the transaction, the chief operating officer now owns 36,443 shares of the company’s stock, valued at approximately $1,825,794.30. This trade represents a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Strattec Security

Several large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new position in shares of Strattec Security during the fourth quarter valued at about $33,000. West Oak Capital LLC increased its position in shares of Strattec Security by 5,525.0% during the 4th quarter. West Oak Capital LLC now owns 1,125 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 1,105 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in Strattec Security in the third quarter valued at about $69,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Strattec Security by 57.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,715 shares of the auto parts company’s stock worth $71,000 after purchasing an additional 623 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Strattec Security by 137.9% in the fourth quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company’s stock valued at $91,000 after buying an additional 1,280 shares during the period. 68.91% of the stock is currently 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.