Weiss Ratings Reaffirms Buy (B-) Rating for Strattec Security (NASDAQ:STRT)

Strattec Security (NASDAQ:STRT)‘s stock had its “buy (b-)” rating restated by research analysts at Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

A number of other research analysts also recently weighed in on STRT. Wall Street Zen upgraded Strattec Security from a “buy” rating to a “strong-buy” rating in a report on Monday, September 1st. Zacks Research raised Strattec Security from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Strattec Security currently has a consensus rating of “Moderate Buy”.

Strattec Security Trading Up 1.2%

NASDAQ STRT opened at $68.56 on Friday. Strattec Security has a twelve month low of $31.57 and a twelve month high of $83.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.89 and a current ratio of 2.43. The stock has a market cap of $285.21 million, a price-to-earnings ratio of 15.00, a PEG ratio of 1.61 and a beta of 1.36. The firm’s 50 day moving average price is $67.51 and its two-hundred day moving average price is $58.99.

Strattec Security (NASDAQ:STRT) last posted its quarterly earnings data on Thursday, August 14th. The auto parts company reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.99. Strattec Security had a net margin of 3.31% and a return on equity of 8.95%. The firm had revenue of $152.01 million for the quarter, compared to analysts’ expectations of $143.51 million. Equities analysts anticipate that Strattec Security will post 3.67 EPS for the current year.

Insider Activity at Strattec Security

In other Strattec Security news, COO Rolando Guillot sold 22,890 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $65.86, for a total value of $1,507,535.40. Following the completion of the sale, the chief operating officer directly owned 5,541 shares of the company’s stock, valued at $364,930.26. The trade was a 80.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Ameritas Investment Partners Inc. bought a new stake in Strattec Security in the second quarter worth $25,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Strattec Security in the second quarter worth $50,000. Russell Investments Group Ltd. bought a new stake in Strattec Security in the first quarter worth $91,000. Bank of America Corp DE boosted its holdings in 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 worth $91,000 after purchasing an additional 1,280 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Strattec Security during the 2nd quarter valued at about $92,000. Institutional investors and hedge funds own 68.91% of the company’s stock.

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.