Strattec Security (NASDAQ:STRT) Lowered to C at TheStreet

TheStreet downgraded shares of Strattec Security (NASDAQ:STRTGet Rating) from a b- rating to a c rating in a research report released on Friday morning, TheStreetRatingsTable reports.

Separately, assumed coverage on Strattec Security in a report on Friday, June 10th. They issued a buy rating for the company.

Strattec Security Price Performance

NASDAQ:STRT opened at $33.90 on Friday. Strattec Security has a 12-month low of $28.33 and a 12-month high of $45.21. The firm has a market cap of $134.24 million, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 0.41 and a beta of 0.88. The company’s 50-day moving average is $31.43 and its two-hundred day moving average is $34.48. The company has a current ratio of 2.37, a quick ratio of 1.46 and a debt-to-equity ratio of 0.05.

Strattec Security (NASDAQ:STRTGet Rating) last announced its quarterly earnings data on Thursday, August 11th. The auto parts company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.71). Strattec Security had a net margin of 1.55% and a return on equity of 3.23%. Research analysts expect that Strattec Security will post 4.84 EPS for the current year.

Institutional Trading of Strattec Security

Institutional investors and hedge funds have recently made changes to their positions in the company. Northern Oak Wealth Management Inc. purchased a new stake in shares of Strattec Security during the 4th quarter worth about $28,000. US Bancorp DE acquired a new stake in shares of Strattec Security in the second quarter worth $66,000. Baird Financial Group Inc. purchased a new position in shares of Strattec Security in the 1st quarter valued at $202,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Strattec Security during the 2nd quarter valued at $211,000. Finally, Bank of New York Mellon Corp raised its position in shares of Strattec Security by 8.7% during the 1st quarter. Bank of New York Mellon Corp now owns 8,368 shares of the auto parts company’s stock worth $316,000 after purchasing an additional 667 shares during the period. 77.42% of the stock is currently owned by institutional investors and hedge funds.

Strattec Security Company Profile

(Get Rating)

Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. The company offers 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.

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