Strattec Security (NASDAQ:STRT) Stock Rating Upgraded by Wall Street Zen

Strattec Security (NASDAQ:STRT) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Sunday.

Several other brokerages also recently commented on STRT. Freedom Capital downgraded shares of Strattec Security from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Strattec Security in a research note on Monday, December 29th. Finally, Zacks Research raised Strattec Security from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. One equities research 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 stock. According to MarketBeat.com, Strattec Security presently has an average rating of “Buy”.

Strattec Security Stock Down 2.8%

STRT opened at $87.30 on Friday. Strattec Security has a twelve month low of $31.57 and a twelve month high of $92.50. The company has a 50-day simple moving average of $82.28 and a 200 day simple moving average of $74.08. The stock has a market capitalization of $364.91 million, a price-to-earnings ratio of 13.23, a P/E/G ratio of 1.44 and a beta of 1.19.

Strattec Security (NASDAQ:STRT) last released its earnings results on Thursday, February 5th. The auto parts company reported $1.71 EPS for the quarter, beating the consensus estimate of $0.93 by $0.78. Strattec Security had a net margin of 4.63% and a return on equity of 12.33%. The firm had revenue of $137.53 million for the quarter, compared to analyst estimates of $132.29 million. Sell-side analysts anticipate that Strattec Security will post 3.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of STRT. Ameritas Investment Partners Inc. acquired a new stake in shares of Strattec Security during the 2nd quarter valued at $25,000. New York State Teachers Retirement System bought a new position in Strattec Security in the fourth quarter valued at about $27,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Strattec Security during the second quarter valued at about $50,000. State of Alaska Department of Revenue bought a new stake in shares of Strattec Security during the fourth quarter worth about $58,000. Finally, Bank of America Corp DE grew its holdings in shares of Strattec Security by 137.9% during 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 during the last quarter. 68.91% of the stock is currently owned by institutional investors and hedge funds.

About Strattec Security

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.