Strattec Security (NASDAQ:STRT) Stock Passes Above 200 Day Moving Average – Here’s Why

Strattec Security Co. (NASDAQ:STRT) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $40.78 and traded as high as $44.42. Strattec Security shares last traded at $44.42, with a volume of 31,986 shares.

Analysts Set New Price Targets

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

Strattec Security Stock Up 2.5 %

The company has a market capitalization of $185.32 million, a PE ratio of 11.11, a P/E/G ratio of 1.37 and a beta of 1.12. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.60 and a quick ratio of 1.77. The company has a 50-day moving average of $43.16 and a two-hundred day moving average of $40.78.

Insider Activity at Strattec Security

In other news, COO Rolando Guillot sold 3,500 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.10, for a total value of $175,350.00. Following the transaction, the chief operating officer now directly owns 36,443 shares in the company, valued at $1,825,794.30. The trade was a 8.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Strattec Security

Several large investors have recently made changes to their positions in STRT. Factorial Partners LLC purchased a new position in shares of Strattec Security in the third quarter valued at about $1,346,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Strattec Security in the third quarter valued at about $374,000. De Lisle Partners LLP lifted its position 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 valued at $1,830,000 after acquiring an additional 4,355 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Strattec Security in the third quarter valued at about $47,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Strattec Security in the third quarter valued at about $308,000. 68.91% of the stock is currently owned by hedge funds and other institutional investors.

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.