Strattec Security (NASDAQ:STRT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Strattec Security (NASDAQ:STRT) from a buy rating to a strong-buy rating in a research report report published on Sunday.

Several other equities analysts also recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Strattec Security in a report on Monday, December 29th. Freedom Capital downgraded shares of Strattec Security from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, Zacks Research raised shares of Strattec Security from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Strattec Security Stock Performance

NASDAQ:STRT opened at $88.80 on Friday. The stock has a 50-day simple moving average of $82.48 and a two-hundred day simple moving average of $74.21. The firm has a market capitalization of $371.18 million, a PE ratio of 13.45, a P/E/G ratio of 1.40 and a beta of 1.19. Strattec Security has a 52-week low of $31.57 and a 52-week high of $92.50.

Strattec Security (NASDAQ:STRT) last posted 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. The firm had revenue of $137.53 million for the quarter, compared to analysts’ expectations of $132.29 million. Strattec Security had a return on equity of 12.33% and a net margin of 4.63%. Equities analysts forecast that Strattec Security will post 3.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its position in Strattec Security by 36.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 58,631 shares of the auto parts company’s stock worth $3,990,000 after acquiring an additional 15,509 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in Strattec Security during the third quarter valued at approximately $2,891,000. Bailard Inc. bought a new stake in shares of Strattec Security in the 2nd quarter valued at approximately $370,000. Los Angeles Capital Management LLC purchased a new position in shares of Strattec Security in the 2nd quarter worth approximately $388,000. Finally, Quadrature Capital Ltd boosted its holdings in shares of Strattec Security by 119.3% in the 2nd quarter. Quadrature Capital Ltd now owns 19,054 shares of the auto parts company’s stock worth $1,182,000 after purchasing an additional 10,364 shares during the period. Institutional investors own 68.91% of the company’s stock.

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.