StockNews.com Upgrades Strattec Security (NASDAQ:STRT) to Buy

Strattec Security (NASDAQ:STRT) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Strattec Security Stock Down 0.8 %

Shares of STRT opened at $40.64 on Thursday. Strattec Security has a one year low of $20.87 and a one year high of $43.15. The company has a market cap of $166.62 million, a P/E ratio of 10.55, a P/E/G ratio of 1.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.18 and a quick ratio of 1.48. The firm has a 50 day simple moving average of $38.40 and a two-hundred day simple moving average of $31.31.

Strattec Security (NASDAQ:STRT) last announced its quarterly earnings data on Monday, November 4th. The auto parts company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.56 by $0.36. Strattec Security had a net margin of 2.93% and a return on equity of 7.12%. The business had revenue of $139.05 million during the quarter, compared to the consensus estimate of $139.32 million. During the same period in the previous year, the business earned $1.05 earnings per share. Research analysts forecast that Strattec Security will post 2.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Strattec Security in the third quarter worth $47,000. Barclays PLC grew its stake in shares of Strattec Security by 126.0% in the third quarter. Barclays PLC now owns 3,950 shares of the auto parts company’s stock worth $169,000 after purchasing an additional 2,202 shares during the last quarter. Gabelli Funds LLC grew its stake in shares of Strattec Security by 9.2% in the first quarter. Gabelli Funds LLC now owns 36,800 shares of the auto parts company’s stock worth $873,000 after purchasing an additional 3,100 shares during the last quarter. Perritt Capital Management Inc grew its stake in shares of Strattec Security by 47.0% in the second quarter. Perritt Capital Management Inc now owns 10,102 shares of the auto parts company’s stock worth $253,000 after purchasing an additional 3,229 shares during the last quarter. Finally, De Lisle Partners LLP grew its stake in shares of Strattec Security by 11.2% in the third quarter. De Lisle Partners LLP now owns 43,094 shares of the auto parts company’s stock worth $1,830,000 after purchasing an additional 4,355 shares during the last quarter. 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.