Strattec Security (NASDAQ:STRT) Lowered to “Buy” Rating by Wall Street Zen

Wall Street Zen cut shares of Strattec Security (NASDAQ:STRT) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Strattec Security in a research report on Friday, March 27th. Zacks Research cut shares of Strattec Security from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Finally, Freedom Capital lowered shares of Strattec Security from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

Strattec Security Trading Down 16.2%

Shares of STRT stock opened at $62.45 on Friday. The company’s 50-day moving average price is $78.92 and its 200-day moving average price is $77.87. The stock has a market cap of $261.04 million, a price-to-earnings ratio of 10.31, a PEG ratio of 1.00 and a beta of 1.17. Strattec Security has a twelve month low of $37.50 and a twelve month high of $92.50.

Strattec Security (NASDAQ:STRT) last announced its quarterly earnings results on Thursday, May 7th. The auto parts company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.24). The firm had revenue of $137.63 million for the quarter, compared to analyst estimates of $140.35 million. Strattec Security had a net margin of 4.31% and a return on equity of 11.13%. As a group, equities research analysts predict that Strattec Security will post 6.25 EPS for the current year.

Institutional Trading of Strattec Security

Several institutional investors and hedge funds have recently bought and sold shares of the stock. WINTON GROUP Ltd increased its stake in Strattec Security by 1.1% during the fourth quarter. WINTON GROUP Ltd now owns 11,507 shares of the auto parts company’s stock worth $876,000 after purchasing an additional 122 shares during the period. Deutsche Bank AG increased its stake in Strattec Security by 6.3% during the fourth quarter. Deutsche Bank AG now owns 2,907 shares of the auto parts company’s stock worth $221,000 after purchasing an additional 172 shares during the period. Bailard Inc. increased its stake in Strattec Security by 5.0% during the fourth quarter. Bailard Inc. now owns 4,200 shares of the auto parts company’s stock worth $320,000 after purchasing an additional 200 shares during the period. NewEdge Advisors LLC increased its stake in Strattec Security by 3.8% during the third quarter. NewEdge Advisors LLC now owns 5,652 shares of the auto parts company’s stock worth $385,000 after purchasing an additional 207 shares during the period. Finally, New York State Teachers Retirement System purchased a new stake in Strattec Security during the fourth quarter worth about $27,000. 68.91% of the stock is currently owned by hedge funds and other institutional investors.

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.